Renovated Medical Office
New
For Sale
$310,000
2100 N HUTTON Avenue, Farmington, NM 87402
Commercial Sale, Farmington, NM
Property Size1,344 SF
Lot Size0.25 Acres
Price / SF$230.65
Days on Market1
Property Features for 2100 N HUTTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, Office & Profession
Subdivision
Villa Grove
Directions
From 20th St head East onto N Hutton Ave. Property will be on your left.
Standard status
Active
Size
1,344 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
VILLA GROVE SUBDIVISION LOT 1 BLOCK 02 BK.1391 PG.881 ESC BK.1690 PG.287
Tax Annual Amount
2765
Legal Description
VILLA GROVE SUBDIVISION LOT 1 BLOCK 02 BK.1391 PG.881 ESC BK.1690 PG.287
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Sam Todd · License #REC20220894
(505) 327-4777
Added: Aug 25
Last Checked: Aug 25 at 9:06PM
MLS# 26-1057
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 renovated medical office property contains 1,344 square feet within a 0.25-acre parcel. The layout includes a client or patient reception area along with private rooms suited to consultations, workspaces, or exam-related functions. The building was previously used as a dental office and includes central air conditioning.
Located in Farmington, New Mexico, the property offers a professional commercial setting for medical or office use. Its existing configuration provides a practical starting point for an owner-user or business seeking dedicated space.
Located in Farmington, New Mexico, the property offers a professional commercial setting for medical or office use. Its existing configuration provides a practical starting point for an owner-user or business seeking dedicated space.
Key Highlights
- 1,344‑square‑foot renovated medical office building
- 0.25‑acre parcel in Farmington, NM
- Previously operated as a dental office
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
Under-served
Demand for This Use
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?
Medical Office Space - Renovated interior includes a reception area and private rooms for consultations or work.
Where is this medical office space 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: 1,344‑square‑foot renovated medical office building; 0.25‑acre parcel in Farmington, NM; Previously operated as a dental office
