130 Airport Dr Farmington, NM 87401
For Sale
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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.
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Airport Auto Center Car Dealership
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Maverick Motors Co. Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.