Combined Office
3751 N BUTLER Avenue, Farmington, NM 87401
For Sale
$285,000
Commercial Sale, Farmington, NM
Property Size1,992 SF
Lot Size0.12 Acres
Price / SF$143.07
Days on Market49
Property Features for 3751 N BUTLER Avenue
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Floors in Building
Roof type
Listing Agency:
Real Estate PROS
Listed By:
Amanda K Padilla · License NM #52961
(505) 588-7767
Added: Sep 27
Changed: Oct 27
Last Checked: Nov 14 at 5:06AM
MLS# 26-1214
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.
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Investment Insights
Based on property information with market context.
Units 107 and 108 are joined as a single 1,992-square-foot office suite at 3751 N Butler Avenue in Farmington. The space has a flexible layout suited to professional office use, with natural gas heating and central air conditioning. The building has a flat composition roof.
The suite is part of an established commercial complex with access and parking. The property occupies a 0.12-acre site in San Juan County.
The suite is part of an established commercial complex with access and parking. The property occupies a 0.12-acre site in San Juan County.
Key Highlights
- 1,992‑square‑foot suite formed by combining Units 107 and 108
- Natural gas heating and central air conditioning
- Located at 3751 N Butler Avenue in Farmington, NM 87401
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,785
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,700
$355.7K
Cap Rate 7%
$254,071
$254.1K
Cap Rate 9%
$197,611
$197.6K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$29.6K $14.88/SF
− Vacancy
−$5.9K −$2.98/SF
EGI
$23.7K $11.90/SF
− OpEx
−$5.9K −$2.98/SF
NOI
$17.8K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,700
Cap Rate 7%
$254,071
Cap Rate 9%
$197,611
Alternative Uses
Best Use
Office B
$254.1K
$222.3K – $296.4K
NOI $17,785 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.1K
$360.6K – $480.8K
NOI $28,846 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
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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
$202,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Farmington, NM
Properties on Market for Office Units in Farmington
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office layout is configured for professional use within an established commercial complex.
Where is this office unit located?
The property is located at 3751 N BUTLER Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,992‑square‑foot suite formed by combining Units 107 and 108; Natural gas heating and central air conditioning; Located at 3751 N Butler Avenue in Farmington, NM 87401
