Flex Space with Shop
4100 MONROE Road, Farmington, NM 87401
For Sale
$750,000
Commercial Sale, Farmington, NM
Property Size8,400 SF
Lot Size1.24 Acres
Price / SF$89.29
Days on Market356
Property Features for 4100 MONROE Road
General Information
Property type
Property subtype
Zoning description
Security features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Floors in Building
Roof type
Listing Agency:
Dimmick Realty
Listed By:
Andrea Gallegos · License NM #51226
(505) 325-8863
Added: Nov 20, 2025
Changed: Oct 19
Last Checked: Nov 10 at 6:06PM
MLS# 25-1505
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,400-square-foot flex property includes 1,200 square feet of office area and shop space with two overhead doors. The 1.24-acre site is fenced, and the building has an interior sprinkler system. Building systems include three split 240V units, natural gas heating, evaporative cooling, and a metal roof.
Key Highlights
- 8,400 square feet, including 1,200 square feet of office area
- 1.24‑acre fenced site
- Shop area has two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,562
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,240
$1.0M
Cap Rate 7%
$736,600
$736.6K
Cap Rate 9%
$572,911
$572.9K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$79.6K $9.48/SF
− Vacancy
−$6.0K −$0.71/SF
EGI
$73.7K $8.77/SF
− OpEx
−$22.1K −$2.63/SF
NOI
$51.6K $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%
$1,031,240
Cap Rate 7%
$736,600
Cap Rate 9%
$572,911
Alternative Uses
Best Use
Industrial
$736.6K
$644.5K – $859.4K
NOI $51,562 @ 7.0% cap · market cap 6.87%
Second Best
Flex RnD
$484.8K
$424.2K – $565.7K
NOI $33,939 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,641 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
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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 Flex space in Farmington, NM
Properties on Market for Flex space in Farmington
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex property combines dedicated office area with shop space and interior fire sprinklers.
Where is this flex space located?
The property is located at 4100 MONROE Road Farmington, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 8,400 square feet, including 1,200 square feet of office area; 1.24‑acre fenced site; Shop area has two overhead doors
