Flex Space with Metal
For Sale
$450,000
3650 BLOOMFIELD HWY, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size4,480 SF
Lot Size1.42 Acres
Price / SF$100.45
Days on Market205
Property Features for 3650 BLOOMFIELD HWY
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Directions
Main Street to Browning Parkway, turn right on US 64/Bloomfield Highway, HME building on right.
Subdivision
Blmfld Hwy - Farm
Standard status
Active
Size
4,480 SF
Lot size
1.42 Acres
Taxes and HOA fees
Tax Description
B.1289 P.808 B.1380 P.1095
Tax Annual Amount
4013
Legal Description
B.1289 P.808 B.1380 P.1095
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Roof type
Metal
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Theresa L Van Riper · License #19754
(505) 793-1133
Added: Mar 24
Changed: Oct 1
Last Checked: Oct 14 at 8:06AM
MLS# 26-333
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 flex property contains 4,480 square feet on a 1.42-acre site. The building has a metal roof, natural gas heating, and evaporative cooling.
The property is located at 3650 Bloomfield Highway in Farmington, New Mexico.
The property is located at 3650 Bloomfield Highway in Farmington, New Mexico.
Key Highlights
- 4,480‑square‑foot flex property on 1.42 acres
- Metal roof
- Natural gas heating and evaporative cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,500
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,000
$550.0K
Cap Rate 7%
$392,857
$392.9K
Cap Rate 9%
$305,556
$305.6K
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
−$11.8K −$2.63/SF
NOI
$27.5K $6.14/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,000
Cap Rate 7%
$392,857
Cap Rate 9%
$305,556
Alternative Uses
Best Use
Industrial
$392.9K
$343.8K – $458.3K
NOI $27,500 @ 7.0% cap · market cap 6.11%
Second Best
Flex RnD
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 4.02%
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
148
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Natural gas heating and evaporative cooling serve the property.
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 property on 1.42 acres; Metal roof; Natural gas heating and evaporative cooling
