Corner Warehouse with Bay
New
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 Market7
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: Sep 10
Last Checked: Sep 10 at 7:37AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,313
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
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
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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
