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Property profile & analytics
FOR SALE
Flex space

130 Airport Dr Farmington, NM 87401

31,930 SF 2.19 ac lot Built 1960
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0363417
Property summary
AI-generated overview

This exceptional commercial property in Farmington, NM, presents a lucrative investment opportunity. Located on a high-traffic corner at W Main and Airport Drive, this 32,305 square foot property sits on a 2.19-acre lot, encompassing an entire city block. The brick/block construction features six potential rental units, currently with one existing tenant. Unit 1, an existing car lot, includes a gated outdoor area, private fenced storage, and a spacious showroom with updated HVAC, multiple offices, and reception areas. A split-level upper floor offers additional office space and storage. Unit 2, a 1,350 square foot space, has a private entrance, common area, offices, and storage. Unit 3 is a substantial 15,000+ square foot heated shop boasting 20-foot ceilings, abundant natural light, four large roll-up doors, multiple offices, restrooms, auto lifts, and a wash bay. Unit 4 provides 8,730 square feet of three-floor storage, including cold storage, and an office. Unit 5, a leased shop, features roll-up doors, offices, a restroom, and private parking. Finally, Unit 6 is a smaller detached shop. The property's prime location and substantial size offer significant potential for rental income and future development. The potential for negotiating the inclusion of existing business assets, including supplies and receivables, adds further value to this compelling investment.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1960
Total area 31,930 SF
Lot 2.19 ac (95,266 SF)
APN 2076171516371
UPID US61-0363417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Airport Auto Center Car Dealership
  • Maverick Motors Co. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Permco LLC · 6 yrs held
Permco LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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