Corner Warehouse with Bay
For Sale
Contact for pricing
525 ROAD 350, Farmington, NM 87401
Metal construction provides open storage and workspace, with a reinforced concrete pad supporting flexible use possibilities.
Property Size2,553 SF
Lot Size0.79 Acres
Price / SF$64.64
Days on Market52
Property Features for 525 ROAD 350
General Information
Standard status
Active
Size
2,553 SF
Lot size
0.79 Acres
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
2,553 SF
Drive-In Doors
2
Additional Details
Outdoor Storage
Yes
Building Details
Construction
metal
Listing Agency:
EXIT Realty Home & Ranch
Listed By:
Kelsie Booker
Source:
Crexi
Added: Sep 4
Changed: Oct 11
Last Checked: Oct 24 at 5:13PM
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 EXIT Realty Home & Ranch
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Investment Insights
Based on property information with market context.
This 2,552.5-square-foot metal warehouse is arranged around an open interior with high ceilings and two large bay doors for equipment and vehicle access. A reinforced, extra-thick concrete pad was built with the potential to support a future second level. The property includes approximately 0.787 acres, providing outdoor space for parking, equipment, storage, or additional improvements.
Located at 525 Road 350 in Farmington, New Mexico, the warehouse occupies a prominent corner lot with exposure from heavily traveled roadways. The property can accommodate storage, operational, workspace, or equipment-related functions, and existing equipment may be available separately from the real estate.
Located at 525 Road 350 in Farmington, New Mexico, the warehouse occupies a prominent corner lot with exposure from heavily traveled roadways. The property can accommodate storage, operational, workspace, or equipment-related functions, and existing equipment may be available separately from the real estate.
Key Highlights
- 2,552.5 sq ft metal warehouse
- Approximately 0.787 acres on a prominent corner lot
- Open warehouse layout with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,313
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,260
$206.3K
Cap Rate 7%
$147,329
$147.3K
Cap Rate 9%
$114,589
$114.6K
Market Conditions
NOI Build-Up for 2,553 SF
Gross rent
$17.2K $6.72/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$15.9K $6.22/SF
− OpEx
−$5.6K −$2.18/SF
NOI
$10.3K $4.04/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,260
Cap Rate 7%
$147,329
Cap Rate 9%
$114,589
Alternative Uses
Best Use
Warehouse
$271.8K
$237.8K – $317.1K
NOI $19,025 @ 7.0% cap · market cap 11.53%
Second Best
Industrial
$223.8K
$195.9K – $261.1K
NOI $15,668 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$528.0K
$462.0K – $616.1K
NOI $36,963 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
22
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Storage Place — 31 Rd 5577, Farmington, NM 87401
Frequently Asked Questions
What type of property is this?
Warehouse - Metal construction provides open storage and workspace, with a reinforced concrete pad supporting flexible use possibilities.
Where is this warehouse located?
The property is located at 525 ROAD 350 Farmington, NM.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 2,552.5 sq ft metal warehouse; Approximately 0.787 acres on a prominent corner lot; Open warehouse layout with high ceilings
