Farmington Commercial Property on
1705 W MAIN Street Farmington, NM 87401
For Sale
$249,000
COMMERCIAL - Farmington, NM
Property Size1,500 SF
Lot Size0.82 Acres
Price / SF$166
Days on Market617
Property Features for 1705 W MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
1,500 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Beg at NW Cor of SEC 17 29 13 S52-42-42E 1572.43 ft
Building Details
Floors in Building
1
Listing Agency:
Dimmick Realty
(505) 325-8863
Listed By:
David Harris · License #40873
(505) 325-8863
Added: Nov 20, 2024
Changed: May 13
Last Checked: Jul 30 at 4:06AM
MLS# 24-1430
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 real estate property in Farmington is available for purchase with a current tenant. The 1,500 square foot building includes an overhead door and one office. An additional 320 square foot building is located in the back, suitable for extra storage or workspace. Situated on a 0.82-acre lot on West Main, the property offers high visibility and easy access.
Key Highlights
- Commercial property with existing tenant for immediate income.
- High visibility location on West Main with easy access.
- Large .82‑acre lot.
Financial Insights For Retail
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 | $22.1k | $14.76 |
| − Vacancy | −$952 | −$0.63 |
| EGI | $21.2k | $14.13 |
| − OpEx | −$6.4k | −$4.24 |
| NOI | $14.8k | $9.89 |
1,500 SF · lease $14.76/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$211.9K
$185.4K – $247.2K
NOI $14,832 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,722 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Farmington Best Florits — 1012 glade ln, farmington, nm 87401
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with tenant, overhead door, and additional storage.
Where is this storefront property located?
The property is located at 1705 W MAIN Street Farmington, NM.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Commercial property with existing tenant for immediate income.; High visibility location on West Main with easy access.; Large .82‑acre lot.
