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    730 W Main Street Farmington, NM 87401

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    Prime downtown retail space with high visibility and traffic.

    Type:Retail
    Property size:
    28,158 SF
    Added:
    Apr 8, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 7 at 8:03 pm

    Property Features for 730 W Main Street

    General Information

    Standard status
    Active
    Size
    28,158 SF
    Property subtype
    Retail

    Spaces For Lease

    at 730 W Main Street Contact us

    We can help!

    Listing Contact
    Joe Beck
    Joe Beck

    Listing agent Joe Beck

    Listing office SRS Real Estate Partners | Denver

    Listing date Apr 8, 2026

    Source Srsre

    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 SRS Real Estate Partners | Denver

    Overview

    Farmington Retail Anchor Space Available

    This commercial real estate offers a unique opportunity to acquire the only vacant anchor space over 10,000 square feet in the market. The property has direct access and visibility on Main Street, which sees nearly 15,000 vehicles passing the site each day. It is located in a prime downtown location within a historic area that experiences high resident and tourist traffic. The property is zoned General Commercial, allowing for various uses. Potential city incentives may be available, as the property is located in a Metro Redevelopment Area (MRA). The property size is 28158 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Primo Water Refill ... Big Box & Wholesale Store Safeway Liquor (Bike/Boat/Book/etc) Store Redbox Cinema Safeway Grocery & Convenience Store Coinstar Kiosk | Bitcoin ... Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -108.2167569
    Latitude
    36.7293328

    Nearby Similar for Lease

    • $24/mo

      Retail Center on Main Street

      20,000+- SF shopping center with excellent visibility.
      5150 E. Main Street , Farmington, NM 87402
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    • $9/mo

      Farmington Warehouse with Freezer/Cooler

      17,790+-sf warehouse with freezer and refrigerated cooler areas available for rent.
      2203 W. Main Street, Farmington, NM 87401
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      Retail Space on Main Street

      Retail space with high visibility and traffic in Farmington, NM.
      2632 East Main Street, Farmington, NM, 87401
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      Farmington Retail Space For Lease

      3,012 sq ft retail space in a prime location.
      4323 E Main Street, Farmington, NM, 87402
      View Details
    • $10/mo

      Retail and Restaurant Space Available

      Retail and restaurant spaces ranging from 843 to 59,388 SF.
      3040 E 20th St, Farmington, NM
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      Downtown Office/Retail Space Available

      Office/retail space featuring multiple offices, break room, and conference room.
      418 W Broadway Avenue, Farmington, NM, 87401
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      Retail Space in Four Corners Hub

      Exceptional retail location in the Four Corners area.
      4917 E Main St, Farmington, NM 87402
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime downtown retail space with high visibility and traffic.
    Where is this retail space located?
    The property is located at 730 W Main Street Farmington, NM.
    What are key features of this property?
    This property features: Only vacant box/anchor space over 10K SF in the market.; Direct access & visibility on Main Street with nearly 15,000 vehicles passing daily.; Prime Downtown location within a historic area with high resident and tourist traffic.
    (720) 276-0048
    We can help!
    Listing Contact
    Joe Beck
    Joe Beck
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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