1703 W Main St, Farmington, NM 87401
Commercial office building on 3.9 acre lot, both suites leased.
- Added:
- Jan 26, 2026
- Days on Market:
- 163
- Last Refresh:
- Jun 29 at 8:24 pm
Property Features for 1703 W Main St
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 3.87 Acres
Listing office Dimmick Realty (505) 330-9694
Listing date Jan 26, 2026
Source Exprealty
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
- Prime commercial office building on a high‑traffic corner lot.
- 3.9‑acre lot offers endless possibilities for expansion or development.
- 6,300 sq ft of office space divided into 2 leased suites.
- Both suites are currently leased, providing immediate income.
- Excellent building condition minimizes potential maintenance costs.
- High visibility on the corner of Murray Drive and West Main.
Overview
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 | $93.7k | $14.88 |
| − Vacancy | −$18.7k | −$2.98 |
| EGI | $75.0k | $11.90 |
| − OpEx | −$18.7k | −$2.98 |
| NOI | $56.2k | $8.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.233
- Latitude
- 36.7314
