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 Market205
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:
Real Estate PROS
Listed By:
Theresa Van Riper · License #19754
(505) 588-7767
Source:
Crexi
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 14 at 9:00PM
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 Real Estate PROS
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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 / Yr
$33,392
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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
