Flex Space with Overhead
For Sale
$395,000
5651 BLOOMFIELD HWY, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size5,000 SF
Lot Size0.43 Acres
Price / SF$79
Days on Market51
Property Features for 5651 BLOOMFIELD HWY
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
Town & Country
Directions
Corner of Bloomfield Hwy & Andrea Drive, next to VFW building and next to Farmington Police station.
Standard status
Active
Size
5,000 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Town and Country Subdivision Part of Tract 3 Beg S71-24E 330
Legal Description
Town and Country Subdivision Part of Tract 3 Beg S71-24E 330
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Dimmick Realty
Listed By:
Anita M Hagen · License #40873
(505) 325-8863
Added: Sep 16
Changed: Oct 1
Last Checked: Nov 5 at 1:06PM
MLS# 26-1168
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 5,000-square-foot flex building sits on a 0.43-acre corner lot at Andrea Drive and Bloomfield Hwy. Two overhead doors serve the work area, while two private offices and a bathroom provide enclosed support space. The property is fully fenced and has a metal roof with natural gas heating.
The site is beside the Farmington Police Department. Its corner position provides frontage along Andrea Drive and Bloomfield Hwy.
The site is beside the Farmington Police Department. Its corner position provides frontage along Andrea Drive and Bloomfield Hwy.
Key Highlights
- 5,000‑square‑foot flex building on a 0.43‑acre corner lot
- Two overhead bay doors for equipment, vehicles, and deliveries
- Two private offices and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,691
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,820
$613.8K
Cap Rate 7%
$438,443
$438.4K
Cap Rate 9%
$341,011
$341.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$47.4K $9.48/SF
− Vacancy
−$3.6K −$0.71/SF
EGI
$43.8K $8.77/SF
− OpEx
−$13.2K −$2.63/SF
NOI
$30.7K $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%
$613,820
Cap Rate 7%
$438,443
Cap Rate 9%
$341,011
Alternative Uses
Best Use
Warehouse
$532.4K
$465.9K – $621.1K
NOI $37,268 @ 7.0% cap · market cap 9.43%
Second Best
Industrial
$438.4K
$383.6K – $511.5K
NOI $30,691 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.03M
$905.1K – $1.21M
NOI $72,405 @ 7.0% cap · market cap 18.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
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
Similar Off Market Nearby
- Burrito Guys Catering — 5513 US-64, Farmington, NM 87401
Frequently Asked Questions
What type of property is this?
Flex space - Two overhead doors provide access for vehicles, equipment, and deliveries.
Where is this flex space located?
The property is located at 5651 BLOOMFIELD HWY Farmington, NM.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building on a 0.43‑acre corner lot; Two overhead bay doors for equipment, vehicles, and deliveries; Two private offices and one bathroom
