Retail Center with Active
For Sale
$2,900,000
600 E MAIN Street, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size13,313 SF
Lot Size1.41 Acres
Price / SF$217.83
Days on Market28
Property Features for 600 E MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, General Commercial, Office & Profession
Security features
Security Lighting
Directions
Corner BUTLER and E Main
Subdivision
7G
Standard status
Active
Size
13,313 SF
Lot size
1.41 Acres
Taxes and HOA fees
Tax Description
THAT PART OF NENW 15 29 13 BEG AT SW COR OF TRACT CONVEYED TO VANIX CORP. IN B.947 P.311 TH S60'35'W 176.10 FT, N31'26'W
Legal Description
THAT PART OF NENW 15 29 13 BEG AT SW COR OF TRACT CONVEYED TO VANIX CORP. IN B.947 P.311 TH S60'35'W 176.10 FT, N31'26'W
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
R1 New Mexico Farmington
(505) 326-0110
Listed By:
Doug Farley · License #41550
(970) 946-6511
Added: Sep 10
Changed: Oct 1
Last Checked: Oct 7 at 7:06PM
MLS# 26-1146
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The retail property contains 13,313 square feet across approximately 1.41 acres divided into two parcels of approximately 0.19 acres and 1.22 acres. Improvements include a strip mall, a medical business, and Gene’s Rent-to-Own, which has a bay with an overhead door. Active leases are in place. The building has central air conditioning and a metal roof, with parking on site.
At 600 E Main Street in Farmington, the property occupies the corner of East Main Street and Butler. The existing business and lease mix provides a range of commercial uses within the property.
At 600 E Main Street in Farmington, the property occupies the corner of East Main Street and Butler. The existing business and lease mix provides a range of commercial uses within the property.
Key Highlights
- 13,313 square feet of commercial space on approximately 1.41 acres
- Two parcels of approximately 0.19 acres and 1.22 acres
- Strip mall, medical business, and Gene's Rent‑to‑Own with a bay and overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,635
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,632,700
$2.6M
Cap Rate 7%
$1,880,500
$1.9M
Cap Rate 9%
$1,462,611
$1.5M
Market Conditions
NOI Build-Up for 13,313 SF
Gross rent
$196.5K $14.76/SF
− Vacancy
−$8.4K −$0.63/SF
EGI
$188.1K $14.13/SF
− OpEx
−$56.4K −$4.24/SF
NOI
$131.6K $9.89/SF
Area
San Juan County, NM
Vacancy
4.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,632,700
Cap Rate 7%
$1,880,500
Cap Rate 9%
$1,462,611
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.19M
NOI $131,635 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,786 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 44%
Hotels & Casinos 6%
Home Improvements & Furnishings 2%
Dollar Tree
Shops & Services
20,869 visits/mo
0.2 miles
Denny's
Dining
13,431 visits/mo
0.3 miles
Blake's LotaBurger
Dining
10,221 visits/mo
0.3 miles
Dollar General
Shops & Services
9,862 visits/mo
0.1 miles
KFC
Dining
8,788 visits/mo
0.1 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multiple operating businesses occupy the property, with central air conditioning and on-site parking.
Where is this strip mall located?
The property is located at 600 E MAIN Street Farmington, NM.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 13,313 square feet of commercial space on approximately 1.41 acres; Two parcels of approximately 0.19 acres and 1.22 acres; Strip mall, medical business, and Gene's Rent‑to‑Own with a bay and overhead door
