1705 W MAIN Street, Farmington, NM 87401
COMMERCIAL - Farmington, NM
- Added:
- Nov 20, 2024
- Days on Market:
- 572
- Last Refresh:
- Jun 15 at 12:06 am
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 agent David Harris License #40873 (505) 325-8863
Listing office Dimmick Realty 3555 E Main Ste A, NM (505) 325-8863
Listing date Nov 20, 2024
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.
HighLights
- Commercial property with existing tenant for immediate income.
- High visibility location on West Main with easy access.
- Large .82‑acre lot.
- 1,500 sq ft building with overhead door.
- Additional 320 sq ft building for storage or workspace.
- Office space included.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Bella-Flora & Cafe — 315 N Auburn Ave, Farmington, NM 87401
- Broadway Gifts & Flowers — 717 W Broadway, Farmington, NM 87401
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.23349
- Latitude
- 36.730755
