Medical Office with Exam
For Sale
$450,000
100 N CHURCH Street, Bloomfield, NM 87413
COMMERCIAL - Bloomfield, NM
Property Size3,935 SF
Price / SF$114.36
Days on Market118
Property Features for 100 N CHURCH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
WADE GRANDVIEW
Directions
From Hwy 64 in Bloomfield, North on Church, property is on the corner of Church and US 64
Standard status
Active
Size
3,935 SF
Taxes and HOA fees
Tax Description
WADE GRANDVIEW SUBDIVISION PART OF LOTS 9 AND 10 BLOCK 2 BEG AT A POINT WHICH BEARS S0-25W 56 FT FROM NE CORNER OF LOT 1
Tax Annual Amount
5117
Legal Description
WADE GRANDVIEW SUBDIVISION PART OF LOTS 9 AND 10 BLOCK 2 BEG AT A POINT WHICH BEARS S0-25W 56 FT FROM NE CORNER OF LOT 1
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Sam Todd · License #15098
(505) 327-4777
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 12 at 2:06PM
MLS# 26-421
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.
This 3,935-square-foot medical office includes a reception area, waiting space with two entrances, six exam rooms, three offices, and a procedure room with exterior access. Additional improvements include a break room, X-ray room, storage areas, and five restrooms serving public and staff functions. Central air conditioning and natural gas heating support the building, which also has a ProPanel metal roof.
The property occupies a corner lot with asphalt parking. Water service is positioned for uses requiring sinks and break-room facilities. The existing layout provides distinct clinical, administrative, and support areas, with the potential to accommodate multiple occupants as configured.
The property occupies a corner lot with asphalt parking. Water service is positioned for uses requiring sinks and break-room facilities. The existing layout provides distinct clinical, administrative, and support areas, with the potential to accommodate multiple occupants as configured.
Key Highlights
- 3,935 square feet of medical or professional office space
- Six exam rooms, three offices, and an exterior‑access procedure room
- Two‑entry waiting area with reception space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,640
$702.6K
Cap Rate 7%
$501,886
$501.9K
Cap Rate 9%
$390,356
$390.4K
Market Conditions
NOI Build-Up for 3,935 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.6K $14.88/SF
− Vacancy
−$11.7K −$2.98/SF
EGI
$46.8K $11.90/SF
− OpEx
−$11.7K −$2.98/SF
NOI
$35.1K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,640
Cap Rate 7%
$501,886
Cap Rate 9%
$390,356
Alternative Uses
Best Use
Office B
$501.9K
$439.2K – $585.5K
NOI $35,132 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$444.1K
$388.6K – $518.1K
NOI $31,085 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$814.0K
$712.3K – $949.7K
NOI $56,983 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87413, NM
14,652
Population
5,764
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
83%
High-School Grad
600.8 sq mi
ZIP Area
24
Density / Sq Mi
$51,234
Median Household Income
$34,783
Median Earnings
$898
Median Rent
$176,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, treatment, administrative, and support areas for medical or professional office use.
Where is this medical office space located?
The property is located at 100 N CHURCH Street Bloomfield, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,935 square feet of medical or professional office space; Six exam rooms, three offices, and an exterior‑access procedure room; Two‑entry waiting area with reception space
