Flex Space with Metal
For Sale
$300,000
1100 E MURRAY Drive, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size3,240 SF
Lot Size0.31 Acres
Price / SF$92.59
Days on Market213
Property Features for 1100 E MURRAY Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
Pengilley
Directions
From Browning Parkway turn right onto US-64 W; destination will be on the right.
Standard status
Active
Size
3,240 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
PENGILLEY SUB LOT 2 B.1140 P.483 B.1380 P.1095
Tax Annual Amount
2676
Legal Description
PENGILLEY SUB LOT 2 B.1140 P.483 B.1380 P.1095
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Real Estate PROS
Listed By:
Amanda K Padilla · License #52961
(505) 588-7767
Added: Mar 25
Changed: Oct 19
Last Checked: Oct 23 at 6:06AM
MLS# 26-334
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1100 E Murray Drive in Farmington, this 3,240-square-foot flex property sits on a 0.31-acre parcel. The space is described for retail, office, or service use, with natural gas heating, evaporative cooling, and a metal roof. Parking is available on site.
Key Highlights
- 3,240 square feet of flex space on a 0.31‑acre parcel
- Described for retail, office, or service use
- Natural gas heating and evaporative cooling
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The property is presented for retail, office, or service operations.
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 feet of flex space on a 0.31‑acre parcel; Described for retail, office, or service use; Natural gas heating and evaporative cooling
