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    5150 E Main St Farmington, NM 87402

    For Lease
    $24 SF/Yr

    20,000+- SF shopping center with excellent visibility.

    Property size:
    20,000 SF
    Lot size:
    20,000 SF

    Property Features for 5150 E Main St

    General Information

    Size
    20,000 SF

    Building Details

    Year built
    2009

    Source: Steve Lyon, CCIM Agent Steve Lyon, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center on Main Street

    Ashley Plaza Center is a shopping center with 20,000+- square feet, situated on approximately 2 acres along E. Main Street, the primary retail, restaurant, and hospitality corridor serving the Four Corners trade area. The site provides two entrances, each with a deceleration lane. The property includes 302 shared parking spaces, shared with Ashley Furniture HomeStore and Blake's Lotaburger. A multi-tenant pylon sign is available for new tenants. The location offers excellent visibility to passersby. Ashley Plaza Center is positioned between Ashley Furniture and Lowe's Home Improvement to the east, and Dick's Sporting Goods, Chick fil A, and Target to the west.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store Aspen Leaf Frozen ... Frozen Yogurt Shop Edward Jones - Financial ... Financial Consultant Crumbl - Farmington Dessert Shop Taco Libre taqueria ... Taco Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animas Valley Mall, Sunglass Hut, Proactiv Kiosk, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1448485
    Latitude
    36.7692212

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    FAQs

    What type of property is this?
    Shopping center - 20,000+- SF shopping center with excellent visibility.
    Where is this shopping center located?
    The property is located at 5150 E Main St Farmington, NM.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility on E. Main Street, the main retail corridor; - Located between Ashley Furniture/Lowe's and Dick's Sporting Goods/Chick-fil-A/Target; - Ample parking with 302 shared spaces
    (505) 934-9994
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    5150 E Main St Farmington, NM 87402
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    Farmington, NM 87402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5150 E Main St Farmington, NM 87402
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