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    5833 Us 64 Farmington, NM 87401

    For Sale
    $245,000

    Prime 1-acre commercial lot, highway frontage.

    Property size:
    1,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 43,560 square foot commercial land parcel in Farmington, New Mexico, presents a remarkable investment opportunity. Located at 5833 US 64, this 1.02-acre property boasts significant highway frontage, ideal for businesses seeking high visibility. The lot is completely fenced and includes a large carport and two storage buildings, offering ample space for various uses. The property's versatility allows for the establishment of two separate businesses. Utilities include shared water (with a separate meter for the main building and mobile home), electricity, and propane. The property also features two septic tanks, one for the existing building and another for a mobile home. The building itself has its own water heater and septic system. This property is zoned for commercial use and is ready for immediate development, making it an attractive option for entrepreneurs and investors alike. The address is 5833 US 64, Farmington, NM 87401. The asking price is $245,000.

    Property Features for 5833 Us 64

    General Information

    Property type
    Land
    Square Feet
    1,625 SF

    HighLights

    • $245,000 asking price.
    • 1.02‑acre commercial land parcel.
    • 43,560 square feet lot size.
    • High‑traffic highway frontage.
    • Suitable for office or retail use.
    • Includes large carport and two storage buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Auto Repair Shop Wholesale Shop Daycare Center Electrical Service Storage Facility Smoke and Vape Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0813474
    Latitude
    36.7001378

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, highway frontage.
    Where is this land located?
    The property is located at 5833 Us 64 Farmington, NM.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: $245,000 asking price.; 1.02-acre commercial land parcel.; 43,560 square feet lot size.
    Request Owner's contact information
    5833 Us 64 Farmington, NM 87401
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    Farmington, NM 87401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5833 Us 64 Farmington, NM 87401
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