Office-Warehouse Flex
1503 SCHOFIELD Lane Farmington, NM 87401
1503 SCHOFIELD Lane, Farmington, NM, 87401
Contact for pricing
For Sale
Contact for pricing
Includes dedicated office space with multiple private offices and a separate warehouse area for storage or distribution.
Property Size5,544 SF
Price / SF$54.09
Days on Market87
Property Features for 1503 SCHOFIELD Lane
General Information
- Standard status
- Active
- Size
- 5,544 SF
- Property subtype
- Land
Listing agency
NM Dream House
(505) 947-8739
Listed by
Bryan Crawford · License #50122
Source
Crexi
Added: Apr 26 Updated: Jul 21 at 7:24AM Checked: Jul 21 at 7:24AM
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 NM Dream House
Investment Insights
Based on property information with market context.
This versatile flex property combines professional office space with functional warehouse capacity in one location. The office portion totals 2,184 square feet and is set up with four or more private offices, supporting administrative work and team collaboration. The remaining 3,360 square feet is warehouse space intended for storage, distribution, or light industrial use.
As a single, combined asset, the layout is designed to support day-to-day operations that need both client-facing or office functions and a dedicated area for handling goods or materials.
Overall, the property provides a practical mix of private office configuration and warehouse capacity, offering a straightforward setup for businesses that require both working space and storage in the same facility.
As a single, combined asset, the layout is designed to support day-to-day operations that need both client-facing or office functions and a dedicated area for handling goods or materials.
Overall, the property provides a practical mix of private office configuration and warehouse capacity, offering a straightforward setup for businesses that require both working space and storage in the same facility.
Key Highlights
- Total 5,544 SF commercial building with a combined office and warehouse layout
- 2,184 SF office area with four or more private offices for administrative and client use
- 3,360 SF warehouse space for storage, distribution, or light industrial operations
Local Financial Insights For Flex RnD
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 | $37.3k | $6.72 |
| − Vacancy | −$2.8k | −$0.50 |
| EGI | $34.5k | $6.22 |
| − OpEx | −$12.1k | −$2.18 |
| NOI | $22.4k | $4.04 |
5,544 SF · lease $6.72/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$707.1K
$618.7K – $825.0K
NOI $49,497 @ 7.0% cap · market cap 16.50%
Second Best
Warehouse
$590.3K
$516.5K – $688.7K
NOI $41,323 @ 7.0% cap · market cap 13.78%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,283 @ 7.0% cap · market cap 26.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hope for Communities
Association Or Organization
Children's Hope Foundation, ...
Charitable Organization
Legacy Construction Inc
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- USA Catering Service — 2010 E Main St, Farmington, NM 87401
FAQs
What type of property is this?
Flex space - Includes dedicated office space with multiple private offices and a separate warehouse area for storage or distribution.
Where is this flex space located?
The property is located at 1503 SCHOFIELD Lane Farmington, NM.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Total 5,544 SF commercial building with a combined office and warehouse layout; 2,184 SF office area with four or more private offices for administrative and client use; 3,360 SF warehouse space for storage, distribution, or light industrial operations
