Portable Drive-Through Restaurant
For Sale
Contact for pricing
2119 E 20TH Street, Farmington, NM 87401
COMMERCIAL - Farmington, NM
Property Size160 SF
Price / SF$125
Days on Market232
Property Features for 2119 E 20TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Directions
20th St. Across from Porters restaurant.
Subdivision
6I
Standard status
Active
Size
160 SF
Taxes and HOA fees
Tax Description
NONE, BUSINESS ONLY
Legal Description
NONE, BUSINESS ONLY
Utilities
Cooling system
Window Unit(s)
Building Details
Floors in Building
1
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Brandon Ryan · License #50702
(505) 588-7767
Added: Dec 23, 2025
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# 25-1582
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.
BUSINESS ONLY SALE. Offered is a portable building set up to operate a small drive-through restaurant. The buildout is equipped with the essentials to run the operation, and the drive-through is described as formally glazed.
The offering is located at 2119 E 20TH Street in Farmington, New Mexico (San Juan County). The setup is designed to run off city power or a generator, which can be useful for flexible operations depending on site conditions.
If desired, the owner will include all recipes used while in operation. The sale is positioned for someone looking to restart an existing concept or create a new one using the included restaurant equipment and buildout.
The offering is located at 2119 E 20TH Street in Farmington, New Mexico (San Juan County). The setup is designed to run off city power or a generator, which can be useful for flexible operations depending on site conditions.
If desired, the owner will include all recipes used while in operation. The sale is positioned for someone looking to restart an existing concept or create a new one using the included restaurant equipment and buildout.
Key Highlights
- Business only sale with a portable drive‑through restaurant setup
- Equipped to operate as a small drive‑through restaurant
- Previously a glazed drive‑through
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
$1,660
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
8.30%
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%
$33,200
$33.2K
Cap Rate 7%
$23,714
$23.7K
Cap Rate 9%
$18,444
$18.4K
Market Conditions
NOI Build-Up for 160 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
$2.4K $14.76/SF
− Vacancy
−$149 −$0.93/SF
EGI
$2.2K $13.83/SF
− OpEx
−$553 −$3.46/SF
NOI
$1.7K $10.37/SF
Area
San Juan County, NM
Vacancy
6.30%
Lease Rate
$14.76 /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%
$33,200
Cap Rate 7%
$23,714
Cap Rate 9%
$18,444
Alternative Uses
Best Use
Specialty Retail
$23.7K
$20.8K – $27.7K
NOI $1,660 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.1K
$29.0K – $38.6K
NOI $2,317 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 26%
Home Improvements & Furnishings 3%
SONIC Drive In
Dining
17,438 visits/mo
0.1 miles
Marathon
Shops & Services
4,265 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
1,627 visits/mo
0.0 miles
Airgas
Home Improvements & Furnishings
721 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
522 visits/mo
0.1 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Portable building is equipped for a small drive-through restaurant with options to run on city power or a generator.
Where is this drive through restaurant located?
The property is located at 2119 E 20TH Street Farmington, NM.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Business only sale with a portable drive‑through restaurant setup; Equipped to operate as a small drive‑through restaurant; Previously a glazed drive‑through
