Renovated Office
For Sale
Contact for pricing
2100 N HUTTON Avenue, Farmington, NM 87402
Professional property with a client reception area and private work or consultation rooms.
Property Size1,344 SF
Price / SF$230.65
Days on Market8
Property Features for 2100 N HUTTON Avenue
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Land
Listing Agency:
RE/MAX of Farmington
Listed By:
Crystal Chavez · License #REC20220894
(505) 793-1530
Source:
Crexi
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 9:25PM
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 RE/MAX of Farmington
Investment Insights
Based on property information with market context.
This 1344-square-foot office building has been renovated and previously served as a dental office. Its interior includes a welcoming sitting area along with private workspaces or consultation rooms, creating a practical arrangement for professional operations.
The property is located at 2100 N HUTTON Avenue in Farmington, NM 87402. The existing layout combines client-facing space with enclosed areas for work or consultations, offering a defined office configuration within a compact commercial building.
The property is located at 2100 N HUTTON Avenue in Farmington, NM 87402. The existing layout combines client-facing space with enclosed areas for work or consultations, offering a defined office configuration within a compact commercial building.
Key Highlights
- Renovated 1344‑square‑foot office building
- Previously utilized as a dental office
- Welcoming sitting area for clients or patients
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,980
$240.0K
Cap Rate 7%
$171,414
$171.4K
Cap Rate 9%
$133,322
$133.3K
Market Conditions
NOI Build-Up for 1,344 SF
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.
Gross rent
$20.0K $14.88/SF
− Vacancy
−$4.0K −$2.98/SF
EGI
$16.0K $11.90/SF
− OpEx
−$4.0K −$2.98/SF
NOI
$12.0K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,980
Cap Rate 7%
$171,414
Cap Rate 9%
$133,322
Alternative Uses
Best Use
Office B
$171.4K
$150.0K – $200.0K
NOI $11,999 @ 7.0% cap · market cap 3.87%
Second Best
Healthcare Medical
$151.7K
$132.7K – $177.0K
NOI $10,617 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 87402, NM
11,646
Population
4,146
Households
2.8
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.5 sq mi
ZIP Area
751
Density / Sq Mi
$76,992
Median Household Income
$43,958
Median Earnings
$1,042
Median Rent
$269,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional property with a client reception area and private work or consultation rooms.
Where is this office building located?
The property is located at 2100 N HUTTON Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Renovated 1344‑square‑foot office building; Previously utilized as a dental office; Welcoming sitting area for clients or patients
