503 N AUBURN Avenue Farmington, NM 87401
Charming historic building suitable for office or commercial space.
- Added:
- Mar 6, 2024
- Days on Market:
- 859
- Last Refresh:
- May 19 at 10:24 pm
Property Features for 503 N AUBURN Avenue
General Information
- Standard status
- Active
- Size
- 2,571 SF
- Lot size
- 1.86 Acres
- Property subtype
- Commercial/Industrial
Listing office Keller Williams (505) 860-3927
Listing date Mar 6, 2024
Source Exitrealty
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 Keller Williams
Investment Insights
Based on property information with market context.
Key Highlights
- Versatile use: Previously a doctor's and real estate office.
- Accessibility: Features 2 handicap‑accessible restrooms and a ramped side entrance.
- Ample parking on a large 1.86‑acre corner lot with expansion potential.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $14.88 |
| − Vacancy | −$7.7k | −$2.98 |
| EGI | $30.6k | $11.90 |
| − OpEx | −$7.7k | −$2.98 |
| NOI | $23.0k | $8.93 |
Alternative Uses
Property Analytics
Current Use by Public Records
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