Farmington Office Building For
2700 FARMINGTON Avenue G Farmington, NM 87401
2700 FARMINGTON Avenue G, Farmington, NM, 87401
$550,000
For Sale
$550,000
Office building in desirable Farmington location with ample parking.
Property Size4,000 SF
Price / SF$137.50
Days on Market1131
Property Features for 2700 FARMINGTON Avenue G
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial/Industrial
Listing Agency
S.J. Gabaldon Constr. & Realty
(505) 327-4838
Listed by
Steven Gabaldon · License #2142
(505) 327-4838
Source
Exitrealty
Added: Jun 12, 2023 Checked: Jul 15 at 10:46 pm
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 S.J. Gabaldon Constr. & Realty
Investment Insights
Based on property information with market context.
This office building is situated in the Mesa Professional Plaza, a centrally located and established area of Farmington. The property offers 4,000 square feet of space suitable for commercial real estate use. The exterior of the building has been recently updated. It provides ample parking for both employees and clients. The owner is willing to build to suit and will consider REC (Real Estate Contract) with acceptable terms. The property is subject to an HOA fee; details are available from the agent. This location is presented as an ideal setting for conducting business.
Key Highlights
- Highly desirable, centrally located Farmington location.
- Recently updated exterior.
- Plenty of parking for employees and clients.
Local Financial Insights For Office B
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 | $59.5k | $14.88 |
| − Vacancy | −$11.9k | −$2.98 |
| EGI | $47.6k | $11.90 |
| − OpEx | −$11.9k | −$2.98 |
| NOI | $35.7k | $8.93 |
4,000 SF · lease $14.88/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$510.2K
$446.4K – $595.2K
NOI $35,712 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.5K
$724.1K – $965.4K
NOI $57,924 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
XTO Energy Inc
Government
Woods Insurance - Farmington
Insurance Agency
Ener Vest Operating ...
Theater & Performing Art Venue
Marilyn G. Morris, ...
Physician
Angela G. Parry, ...
Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building in desirable Farmington location with ample parking.
Where is this office building located?
The property is located at 2700 FARMINGTON Avenue G Farmington, NM.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Highly desirable, centrally located Farmington location.; Recently updated exterior.; Plenty of parking for employees and clients.
