Office/Warehouse Property with Shop Building

900 RESOURCE Avenue, Farmington, NM 87401

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For Sale

$649,000

Office/warehouse with shop building and fenced yard available for sale.

Type:Commercial/Industrial

Property size:

6,360 SF

Price / SF:

$102/SF

HighLights

Office/warehouse property ideal for a headquarters.
Separate shop building includes overhead door and fenced yard.
Features 12 private offices, reception area, large break room, training room and conference room.
Includes both office and warehouse space.
Currently used as the Jaynes Corporation headquarters.
Property is available by 12‑31‑24.

We can help!

Listing Contact

David Harris

For Sale

$649,000

Office/warehouse with shop building and fenced yard available for sale.

Type:Commercial/Industrial

Property size:

6,360 SF

Price / SF:

$102/SF

Added:: Sep 30, 2024
Days on Market:: 624
Last Refresh:: May 19 at 10:17 pm

Property Features for 900 RESOURCE Avenue

General Information

Standard status: Active
Size: 6,360 SF
Property subtype: Commercial/Industrial

We can help!

Listing Contact

David Harris

Listing agent David Harris License #12831

Listing office Dimmick Realty

Listing date Sep 30, 2024

Source Exitrealty

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 Dimmick Realty

HighLights

Office/warehouse property ideal for a headquarters.
Separate shop building includes overhead door and fenced yard.
Features 12 private offices, reception area, large break room, training room and conference room.
Includes both office and warehouse space.
Currently used as the Jaynes Corporation headquarters.
Property is available by 12‑31‑24.

Overview

This property, currently serving as the Jaynes Corporation Farmington headquarters, features a combination of office and warehouse space. The layout includes a reception area, 12 private offices, a large break room, a training room, and a conference room. Additionally, there is a separate shop building equipped with an overhead door and a fenced yard. The property encompasses a total size of 6360 square feet. Jaynes Corporation will vacate the premises by December 31, 2024.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.6k	$14.88
− Vacancy	−$18.9k	−$2.98
EGI	$75.7k	$11.90
− OpEx	−$18.9k	−$2.98
NOI	$56.8k	$8.93

6,360 SF · lease $14.88/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$811.2K

$709.8K – $946.4K (±1% cap)

NOI $56,782 @ 7.0% cap · market cap 8.75%

Second Best

Warehouse

$677.2K

$592.6K – $790.1K (±1% cap)

NOI $47,405 @ 7.0% cap · market cap 7.30%

Theoretical Best

Office A

$1.32M

$1.15M – $1.53M (±1% cap)

NOI $92,099 @ 7.0% cap · market cap 14.19%

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

Property Profile Location Intelligence

Current Use by Public Records

Jaynes Corporation of Farmington Construction Company

Suggested Use

Location Insight

Map
Local Demand

City: Farmington
County: San Juan
State: New Mexico
Longitude: -108.168
Latitude: 36.7216

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For sale
Flex space
NM
Farmington
87401
900 RESOURCE Avenue

What type of property is this?

Flex space - Office/warehouse with shop building and fenced yard available for sale.

Where is this flex space located?

The property is located at 900 RESOURCE Avenue Farmington, NM.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: Office/warehouse property ideal for a headquarters.; Separate shop building includes overhead door and fenced yard.; Features 12 private offices, reception area, large break room, training room and conference room.

900 RESOURCE Avenue, Farmington, NM 87401

Office/warehouse with shop building and fenced yard available for sale.

Property Features for 900 RESOURCE Avenue

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Farmington Commercial Investment Opportunity

Farmington Commercial Property on US-64

Farmington Commercial Complex For Sale

Farmington Industrial Property For Sale

Modern Multi-Use Commercial Building

Farmington Commercial Property For Sale

Farmington Commercial Property For Sale

Two-Story Office Suite

Farmington Mixed-Use Commercial Building

Farmington Commercial Building For Sale

Fenced Nursery & Garden Center

Flea Market with Concession Building

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