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    505 E 20Th St Farmington, NM 87401

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    For Sale
    $2,455,415

    Retail property with a 10-year corporate net lease.

    Property size:
    1,294 SF
    Lot size:
    0.68 Acres

    Property Features for 505 E 20Th St

    General Information

    Size
    1,294 SF
    Lot size
    0.68 Acres

    Source: King Capital Commercial Real Estate Agent Lia Armstrong CCIM

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

    Overview

    Farmington Retail Net Lease Property

    This retail property is available for sale and features a 10-year corporate net lease with minimal landlord responsibilities. The property is situated in a rare infill location across from Farmington High School and a shadow grocery anchor. The surrounding area has a household income of $93,741 within a 5-mile radius. The property size is 1294 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Practice Medical Clinic Starbucks Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1992502
    Latitude
    36.7481033

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    FAQs

    What type of property is this?
    Retail space - Retail property with a 10-year corporate net lease.
    Where is this retail space located?
    The property is located at 505 E 20Th St Farmington, NM.
    What is the asking price?
    The asking price for this property is $2,455,415.
    What are key features of this property?
    This property features: - 10-Year Corporate Net Lease; - Minimal Landlord Responsibilities; - Rare Infill Location
    (505) 292-9607
    Request Owner's contact information
    505 E 20Th St Farmington, NM 87401
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    Farmington, NM 87401
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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
    505 E 20Th St Farmington, NM 87401
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