Farmington Commercial Office Building For
1703 W MAIN Street Farmington, NM 87401
For Sale
$899,000
COMMERCIAL - Farmington, NM
Property Size6,300 SF
Lot Size3.87 Acres
Price / SF$142.70
Days on Market463
Property Features for 1703 W MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
6,300 SF
Lot size
3.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Beg at NW Cor of SEC 17 29 13 S 52-42-42E 1572.43 Ft
Utilities
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Listing Agency:
Dimmick Realty
(505) 325-8863
Listed By:
David Harris · License #40873
(505) 325-8863
Added: Apr 23, 2025
Changed: May 13
Last Checked: Jul 29 at 6:06AM
MLS# 25-512
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial office building is situated on a level 3.87-acre lot at the corner of Murray Drive and West Main in Farmington, NM. The property has high traffic count and visibility. The building provides 6,300 square feet of office space, divided into two suites, both of which are currently leased. The building is in excellent condition. The property is zoned for general commercial use.
Key Highlights
- Prime commercial office building on a high‑traffic corner lot.
- 3.9‑acre lot offers endless possibilities.
- 6,300 sq ft of office space with 2 leased suites.
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 |
6,300 SF · lease $14.88/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$803.5K
$703.1K – $937.4K
NOI $56,246 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,230 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Commercial office building on 3.9 acres, both suites leased.
Where is this office building located?
The property is located at 1703 W MAIN Street Farmington, NM.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime commercial office building on a high‑traffic corner lot.; 3.9‑acre lot offers endless possibilities.; 6,300 sq ft of office space with 2 leased suites.
