Office
For Sale
$320,000
103-3501 N Butler Ave, Farmington, NM 87401
The suite’s flexible layout can support medical, professional, or other office-based operations.
Property Size1,888 SF
Price / SF$169.49
Days on Market9
Property Features for 103-3501 N Butler Ave
General Information
Standard status
Active
Size
1,888 SF
Additional Details
Office Units
1
Listing Agency:
Dimmick Realty
(505) 325-8863
Listed By:
Andrea Gallegos · License #51226
(505) 402-6387
Source:
Exprealty
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 10:26PM
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 Dimmick Realty
Investment Insights
Based on property information with market context.
This 1,888-square-foot office unit has a layout that can accommodate medical, professional, and other office-based operations. Its configuration supports a range of office uses.
Key Highlights
- 1,888‑square‑foot commercial suite
- Layout suited to medical, professional, and office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,856
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,120
$337.1K
Cap Rate 7%
$240,800
$240.8K
Cap Rate 9%
$187,289
$187.3K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$28.1K $14.88/SF
− Vacancy
−$5.6K −$2.98/SF
EGI
$22.5K $11.90/SF
− OpEx
−$5.6K −$2.98/SF
NOI
$16.9K $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 Rate 5%
$337,120
Cap Rate 7%
$240,800
Cap Rate 9%
$187,289
Alternative Uses
Best Use
Office B
$240.8K
$210.7K – $280.9K
NOI $16,856 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$213.1K
$186.4K – $248.6K
NOI $14,914 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$390.6K
$341.8K – $455.7K
NOI $27,340 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
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
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?
Office units - The suite’s flexible layout can support medical, professional, or other office-based operations.
Where is this office units located?
The property is located at 103-3501 N Butler Ave Farmington, NM.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,888‑square‑foot commercial suite; Layout suited to medical, professional, and office use
