Flex Space with Shop
For Sale
$750,000
4100 MONROE Road, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size8,400 SF
Lot Size1.24 Acres
Price / SF$89.29
Days on Market320
Property Features for 4100 MONROE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Security features
Security System
Directions
From Bloomfield Hwy turn on to Valentine Rd. Property will be on the right of the corner of Valentine Rd. and Monroe Rd.
Subdivision
9K
Standard status
Active
Size
8,400 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG W 1158.02 FT FROM SE COR 13 29 13, THENCE W 165.43 FT, N 330 FT, E 163.15 FT, S 329.69 FT TO BEG. B.1464 P.352
Legal Description
BEG W 1158.02 FT FROM SE COR 13 29 13, THENCE W 165.43 FT, N 330 FT, E 163.15 FT, S 329.69 FT TO BEG. B.1464 P.352
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Dimmick Realty
(505) 325-8863
Listed By:
David Harris · License #51226
(505) 320-6888
Added: Nov 20, 2025
Changed: Oct 1
Last Checked: Oct 6 at 9:06PM
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.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
