Flex Facility with Loft
For Sale
$299,000
914 Sandstone Ave, Farmington, NM 87401
Commercial Sale, Farmington, NM
Property Size3,836 SF
Lot Size0.42 Acres
Price / SF$77.95
Days on Market150
Property Features for 914 Sandstone Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Overhead Door(s), Loft, Audio/Video Surveillance
Appliances
Water Heater
Directions
N on Sandstone from US 64
Subdivision
New Mexico Mls
Standard status
Active
APN
2073171470044
Size
3,836 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
BEG S89-25W 1980 FT AND N00-34W 383 FT FROM S1/4 CORNER OF SEC 13 29 13. THENCE N00-34W 272.11 FT, S65-37W 163.78 FT, S1
Tax Annual Amount
3233
Legal Description
BEG S89-25W 1980 FT AND N00-34W 383 FT FROM S1/4 CORNER OF SEC 13 29 13. THENCE N00-34W 272.11 FT, S65-37W 163.78 FT, S1
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1991
Flooring type
Floor-heavy duty
Roof type
Metal
Listing Agency:
Exp Realty, LLC
(505) 554-3873
Listed By:
Allen Elmore · License #53691
(505) 686-3831
Added: May 22
Changed: Oct 6
Last Checked: Oct 18 at 4:06PM
MLS# 20263036
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.
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Investment Insights
Based on property information with market context.
This 3,836-square-foot flex facility includes a 2,164-square-foot shop, 836 square feet of office space, and an 836-square-foot loft with full 8-foot ceilings. The front portion provides a reception area, kitchenette with Corian countertops, two private offices, and two ADA-compliant restrooms, including one with a shower. The shop has 16-foot ceilings, insulated construction, finished metal walls, LED lighting, air plumbing, a utility sink, a 12' x 12' roll-up door, and a separate man door. Two evaporative coolers, two gas heaters, and three-phase electrical service support a range of commercial operations.
Outdoor improvements include a 55' x 122' asphalt parking area and a 3,400-square-foot fenced backyard. The property is located near US Hwy 64 and Browning Parkway in Farmington, providing truck access and additional exterior space for equipment, materials, or vehicles. Built in 1991, the facility also includes audio/video surveillance, a metal roof, and heavy-duty flooring.
Outdoor improvements include a 55' x 122' asphalt parking area and a 3,400-square-foot fenced backyard. The property is located near US Hwy 64 and Browning Parkway in Farmington, providing truck access and additional exterior space for equipment, materials, or vehicles. Built in 1991, the facility also includes audio/video surveillance, a metal roof, and heavy-duty flooring.
Key Highlights
- 3,836 SF facility with 2,164 SF shop, 836 SF office, and 836 SF loft
- Shop includes 16‑foot ceilings, 3‑phase electrical service, and a 12' x 12' roll‑up door
- 836 SF loft provides full 8‑foot ceilings and organized storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,547
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,940
$470.9K
Cap Rate 7%
$336,386
$336.4K
Cap Rate 9%
$261,633
$261.6K
Market Conditions
NOI Build-Up for 3,836 SF
Gross rent
$36.4K $9.48/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$33.6K $8.77/SF
− OpEx
−$10.1K −$2.63/SF
NOI
$23.5K $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%
$470,940
Cap Rate 7%
$336,386
Cap Rate 9%
$261,633
Alternative Uses
Best Use
Warehouse
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 9.56%
Second Best
Industrial
$336.4K
$294.3K – $392.5K
NOI $23,547 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$793.6K
$694.4K – $925.8K
NOI $55,549 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
148
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Clean, functional facility combines office space, shop operations, loft storage, and secured outdoor areas.
Where is this flex space located?
The property is located at 914 Sandstone Ave Farmington, NM.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,836 SF facility with 2,164 SF shop, 836 SF office, and 836 SF loft; Shop includes 16‑foot ceilings, 3‑phase electrical service, and a 12' x 12' roll‑up door; 836 SF loft provides full 8‑foot ceilings and organized storage space
