Flex Space with Fenced
900 RESOURCE Avenue, Farmington, NM 87401
For Sale
$649,000
Commercial Sale, Farmington, NM
Property Size6,360 SF
Price / SF$102.04
Days on Market51
Property Features for 900 RESOURCE Avenue
General Information
Property type
Property subtype
Zoning description
Security features
Subdivision
Directions
Standard status
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Cooling system
Amenities
Reception area
Private offices
Break room
Training room
Conference room
Building Details
Floors in Building
Listing Agency:
Dimmick Realty
(505) 325-8863
Listed By:
David Harris · License NM #12831
(505) 320-6888
Added: Sep 21
Changed: Oct 19
Last Checked: Nov 10 at 10:06AM
MLS# 26-1187
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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Investment Insights
Based on property information with market context.
This 6,360-square-foot flex property combines office space with shop functionality. The interior includes a reception area, 12 private offices, a break room, training room, and conference room. A separate shop building adds an overhead door, while the fenced yard provides enclosed outdoor space for business operations. Central air serves the property.
Located at 900 Resource Avenue in Farmington, New Mexico, the property was formerly used as the Jaynes Corporation headquarters. Its mix of dedicated offices, meeting areas, shop space, and yard improvements supports a range of commercial configurations within a single site.
Located at 900 Resource Avenue in Farmington, New Mexico, the property was formerly used as the Jaynes Corporation headquarters. Its mix of dedicated offices, meeting areas, shop space, and yard improvements supports a range of commercial configurations within a single site.
Key Highlights
- 6,360‑square‑foot flex property in Farmington, NM
- 12 private offices with reception, training, and conference areas
- Separate shop building with overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,782
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,640
$1.1M
Cap Rate 7%
$811,171
$811.2K
Cap Rate 9%
$630,911
$630.9K
Market Conditions
NOI Build-Up for 6,360 SF
Gross rent
$94.6K $14.88/SF
− Vacancy
−$18.9K −$2.98/SF
EGI
$75.7K $11.90/SF
− OpEx
−$18.9K −$2.98/SF
NOI
$56.8K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,640
Cap Rate 7%
$811,171
Cap Rate 9%
$630,911
Alternative Uses
Best Use
Office B
$811.2K
$709.8K – $946.4K
NOI $56,782 @ 7.0% cap · market cap 8.75%
Second Best
Warehouse
$677.2K
$592.6K – $790.1K
NOI $47,405 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,099 @ 7.0% cap · market cap 14.19%
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
Location Intelligence
Trade Area within ½ mile
154
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
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Farmington, NM
Properties on Market for Flex space in Farmington
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements provide a versatile commercial layout with dedicated work areas and secured outdoor space.
Where is this flex space located?
The property is located at 900 RESOURCE Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 6,360‑square‑foot flex property in Farmington, NM; 12 private offices with reception, training, and conference areas; Separate shop building with overhead door
