Turnkey Industrial Investment
615 S Carlton Avenue, Farmington, NM 87401
New
COMMERCIAL - Farmington, NM
Property size:
9,692 SFLot size:
3.73 AcresPrice / SF:
$87/SF- Added:
- May 13, 2026
- Days on Market:
- 1
- Last Refresh:
- May 13 at 10:06 pm
Property Features for 615 S Carlton Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Fencing
- Fenced, Chain Link
- Standard status
- Active
- APN
- 2075171168142
- Size
- 9,692 SF
- Lot size
- 3.73 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- BEG E 1279.4 FT AND N 1305.08 FT FROM SW COR OF SW1/4SE1/4 15 29 13 N 227.3 FT, W 630 FT, S 227.3 FT, E 630 FT TO BEG 3
- Tax Annual Amount
- 7645
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Building materials
- Metal / Fabricate
- Roof type
- Metal
Listing agent Allen Elmore License #FA100100921 (505) 686-3831
Listing office Exp Realty, LLC 100 Sun Ave NE Suite 650, ALBUQUERQUE, NM (505) 554-3873
Listing date May 13, 2026
MLS# 20262824
Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased industrial property with a 5‑year municipal contract and lease, providing immediate cash flow and long‑term stability.
- Triple net (NNN) lease structure with 3% annual rent increases and a current base rent of $80,340 per year, ensuring a strong return on investment.
- 3.73 fully fenced, industrial‑zoned acres with electronic gated access.
- Building A features 5,600 sq. ft. with 2,800 sq. ft. of newly renovated office space including reception area, seven private offices, break room, meeting room, and two ADA‑compliant restrooms.
- Recent improvements including a new roof on Building A (June 2024, under warranty) and new heating system.
- Three functional buildings (A, B, and C) offering
Overview
This fully leased, tenant-occupied industrial property in Farmington, NM, presents an investment opportunity with immediate cash flow. The property is situated on 3.73 fully fenced acres with electronic gated access and is zoned for industrial use. The current tenant holds a municipal contract with a lease that began on January 1, 2024, including a renewal option. Lease terms are triple net (NNN) with 3% annual increases. The current base rent is $80,340 per year. The property includes three buildings. Building A is a 5,600 sq. ft. structure with 2,800 sq. ft. of office space renovated in April 2024, featuring a reception area, seven private offices, a break room with stove, sink, and fridge, a meeting room, and two ADA-compliant restrooms. The remaining 2,800 sq. ft. is heated warehouse space with two roll-up doors and additional storage. Building B consists of 600 sq. ft. of enclosed light-duty metal storage with an attached 1,200 sq. ft. covered storage area. Building C offers 3,492 sq. ft. of flexible space, including a large meeting room, three offices, two bathrooms, heating and evaporative cooling, attached warehouse space, and two porticos—one RV-sized and one suitable for two vehicles. Recent improvements include a new roof on Building A installed in June 2024, a new heating system installed in October 2022, updated evaporative cooling, fence replacement, and door repairs. The office reconfiguration and ADA restroom upgrades were completed in conjunction with the new lease agreement. The property offers a stabilized, income-producing industrial space with long-term potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Farmington Water-Wastewater
City Government Office
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.189572
- Latitude
- 36.723399
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Fully leased industrial property with strong returns and long-term potential.
Where is this flex space located?
The property is located at 615 S Carlton Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased industrial property with a 5‑year municipal contract and lease, providing immediate cash flow and long‑term stability.; Triple net (NNN) lease structure with 3% annual rent increases and a current base rent of $80,340 per year, ensuring a strong return on investment.; 3.73 fully fenced, industrial‑zoned acres with electronic gated access.
