Flex Space with Highway
For Sale
Contact for pricing
3650 BLOOMFIELD HWY, Farmington, NM 87401
Adaptable commercial space along Bloomfield Highway with visibility near established businesses.
Property Size4,480 SF
Price / SF$100.45
Days on Market159
Property Features for 3650 BLOOMFIELD HWY
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
RE/MAX of Farmington
(505) 588-7767
Listed By:
Amanda Padilla · License #19754
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 8:55PM
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 4,480-square-foot flex property is positioned at 3650 Bloomfield Highway in Farmington, New Mexico. The adaptable commercial space is described as suitable for retail, office, or service-oriented operations, giving users flexibility in how the property is configured and occupied.
The property benefits from highway frontage and direct access along Bloomfield Highway. Established businesses surround the site, and the area experiences steady traffic flow. Its Farmington location and flexible format support a range of commercial operating needs.
The property benefits from highway frontage and direct access along Bloomfield Highway. Established businesses surround the site, and the area experiences steady traffic flow. Its Farmington location and flexible format support a range of commercial operating needs.
Key Highlights
- 4,480‑square‑foot flex space
- Highway frontage along Bloomfield Highway
- Located at 3650 Bloomfield Highway in Farmington, NM 87401
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
$33,392
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
7.42%
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%
$667,840
$667.8K
Cap Rate 7%
$477,029
$477.0K
Cap Rate 9%
$371,022
$371.0K
Market Conditions
NOI Build-Up for 4,480 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
$42.5K $9.48/SF
− Vacancy
−$3.2K −$0.71/SF
EGI
$39.3K $8.77/SF
− OpEx
−$5.9K −$1.32/SF
NOI
$33.4K $7.45/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$667,840
Cap Rate 7%
$477,029
Cap Rate 9%
$371,022
Alternative Uses
Best Use
Warehouse
$477.0K
$417.4K – $556.5K
NOI $33,392 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$392.9K
$343.8K – $458.3K
NOI $27,500 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$926.8K
$810.9K – $1.08M
NOI $64,875 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial 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?
Flex space - Adaptable commercial space along Bloomfield Highway with visibility near established businesses.
Where is this flex space located?
The property is located at 3650 BLOOMFIELD HWY Farmington, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,480‑square‑foot flex space; Highway frontage along Bloomfield Highway; Located at 3650 Bloomfield Highway in Farmington, NM 87401
