Flex Space with Ample
For Sale
Contact for pricing
1100 E MURRAY Drive, Farmington, NM 87401
Adaptable commercial space supports retail, office, or service-oriented operations in Farmington.
Property Size3,240 SF
Price / SF$92.59
Days on Market207
Property Features for 1100 E MURRAY Drive
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Land
Listing Agency:
RE/MAX of Farmington
Listed By:
Amanda Padilla
Source:
Crexi
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 16 at 8:45AM
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
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Investment Insights
Based on property information with market context.
This 3,240-square-foot flex property at 1100 E Murray Drive provides a versatile commercial footprint with ample parking. The space is positioned for retail, office, or service use, giving occupants flexibility to align the layout with their operational needs.
The property is located in Farmington, NM, in a high-traffic commercial area with strong exposure along E Murray Drive. Its adaptable format can accommodate businesses seeking a visible presence and convenient on-site parking.
The property is located in Farmington, NM, in a high-traffic commercial area with strong exposure along E Murray Drive. Its adaptable format can accommodate businesses seeking a visible presence and convenient on-site parking.
Key Highlights
- 3,240‑square‑foot flex property
- Ample on‑site parking
- Suitable for retail, office, or service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,888
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,760
$397.8K
Cap Rate 7%
$284,114
$284.1K
Cap Rate 9%
$220,978
$221.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$30.7K $9.48/SF
− Vacancy
−$2.3K −$0.71/SF
EGI
$28.4K $8.77/SF
− OpEx
−$8.5K −$2.63/SF
NOI
$19.9K $6.14/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,760
Cap Rate 7%
$284,114
Cap Rate 9%
$220,978
Alternative Uses
Best Use
Industrial
$284.1K
$248.6K – $331.5K
NOI $19,888 @ 7.0% cap · market cap 6.63%
Second Best
Flex RnD
$187.0K
$163.6K – $218.2K
NOI $13,091 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$670.3K
$586.5K – $782.0K
NOI $46,919 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space supports retail, office, or service-oriented operations in Farmington.
Where is this flex space located?
The property is located at 1100 E MURRAY Drive Farmington, NM.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,240‑square‑foot flex property; Ample on‑site parking; Suitable for retail, office, or service use
