Medical Office Building with
For Sale
Contact for pricing
100 N CHURCH Street, Bloomfield, NM 87413
Nearly 4,000-sf office building features a dual entrance waiting area, multiple exam and office rooms, and on-site asphalt parking.
Property Size3,935 SF
Price / SF$114.36
Days on Market141
Property Features for 100 N CHURCH Street
General Information
Standard status
Active
Size
3,935 SF
Property subtype
Land
Listing Agency:
RE/MAX of Farmington
Listed By:
Ben Lyons · License #15098
(505) 486-4366
Source:
Crexi
Added: Apr 19
Changed: Sep 4
Last Checked: Sep 3 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Farmington
Investment Insights
Based on property information with market context.
This nearly 4,000-square-foot medical/professional office building is designed for patient and staff flow, with a dual entrance waiting room and a reception area. The interior includes six exam rooms, three spacious offices, and a procedure room with exterior access, along with a break room, an X-ray room, multiple storage areas, and water-heavy plumbing for added flexibility. The property also includes refrigerated central cooling and a propanel metal roof, plus five restrooms for both public and staff use.
Located on a corner lot, the building is served by on-site asphalt parking. A procedure room with exterior access supports operations that may benefit from direct loading or service access.
The layout provides a mix of clinical and office spaces, with additional storage throughout. The building’s configuration can support multiple uses, and it is described as potentially separable into several tenants.
Located on a corner lot, the building is served by on-site asphalt parking. A procedure room with exterior access supports operations that may benefit from direct loading or service access.
The layout provides a mix of clinical and office spaces, with additional storage throughout. The building’s configuration can support multiple uses, and it is described as potentially separable into several tenants.
Key Highlights
- Nearly 4,000‑sf commercial office/medical building with dual entrance waiting area and reception space
- Includes 6 exam rooms, 3 spacious offices, and a procedure room with exterior access
- On‑site X‑ray room, break room, and multiple storage areas
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
278
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 - Nearly 4,000-sf office building features a dual entrance waiting area, multiple exam and office rooms, and on-site asphalt parking.
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: Nearly 4,000‑sf commercial office/medical building with dual entrance waiting area and reception space; Includes 6 exam rooms, 3 spacious offices, and a procedure room with exterior access; On‑site X‑ray room, break room, and multiple storage areas
