2005 N LEE Avenue Farmington, NM 87401
Commercial building with fenced storage yard and upgraded electric.
- Added:
- Dec 20, 2024
- Days on Market:
- 568
- Last Refresh:
- Jul 2 at 6:07 am
Property Features for 2005 N LEE Avenue
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Special Purpose, Land
Listing office Coldwell Banker Cornerstone Realty
Listing date Dec 20, 2024
Source Crexi
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 Coldwell Banker Cornerstone Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Large, fenced storage yard provides security and ample space.
- Upgraded electric ensures sufficient power for various needs.
- 1600 sq.ft. block building offers durability and functionality.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $14.88 |
| − Vacancy | −$4.8k | −$2.98 |
| EGI | $19.0k | $11.90 |
| − OpEx | −$4.8k | −$2.98 |
| NOI | $14.3k | $8.93 |
Alternative Uses
Property Analytics
Current Use by Public Records
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