Turnkey Industrial Asset in
For Sale
$340,000
914 Sandstone Avenue, Farmington, NM 87401
Clean, efficient commercial facility with office, shop, and storage space.
Property Size3,836 SF
Price / SF$88.63
Days on Market218
Property Features for 914 Sandstone Avenue
General Information
Standard status
Active
Size
3,836 SF
Property subtype
Commercial
Zoning
Commercial, Industrial, Industrial
Building Details
Building Size
3,836 SF
Units
1
Listing Agency:
Exp Realty, LLC
Listed By:
Allen Elmore · License #53691
(505) 686-3831
Source:
Grandmesares
Added: Mar 27
Changed: Oct 29
Last Checked: Oct 26 at 5:52PM
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 Exp Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial facility in Farmington is located in the Southeast corridor near US Hwy 64 and Browning Parkway, offering truck access and a functional layout. The property includes a 2,164 square foot shop, 836 square feet of professional office space, and an additional 836 square foot loft storage area with 8-foot ceilings. The front entry leads to a reception or sitting area with a kitchenette that includes Corian countertops, cabinetry, and a refrigerator with ice maker. There are two private offices, and two ADA-compliant restrooms, one with a shower. The shop area features 16-foot ceilings, insulated construction, 8-foot finished metal interior walls, new LED lighting, air plumbing, a utility sink, a 12' x 12' roll-up door, and a separate man door. Climate control is provided by two evaporative coolers and two gas heaters. The property has three-phase electrical service. The loft offers organized storage with shelving and full-height ceilings. Exterior improvements include a 55' x 122' asphalt parking area and a 3,400 square foot fenced backyard. This industrial asset is suitable for contractors, trades, service companies, light manufacturing, or logistics operations.
Key Highlights
- Ideally located in the Southeast corridor near US Hwy 64 and Browning Parkway with outstanding truck access.
- Turnkey industrial asset designed for contractors, trades, service companies, light manufacturing, or logistics operations.
- Shop features 16‑foot ceilings, insulated construction, 8‑foot finished metal interior walls, new LED lighting, air plumbing, a utility sink, a 12' x 12' roll‑up door, and a separate man door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,547
Cap Rate
6.93%
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
Industrial
$336.4K
$294.3K – $392.5K
NOI $23,547 @ 7.0% cap · market cap 6.93%
Second Best
Flex RnD
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$793.6K
$694.4K – $925.8K
NOI $55,549 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
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
Check the figures for this property
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, efficient commercial facility with office, shop, and storage space.
Where is this flex space located?
The property is located at 914 Sandstone Avenue Farmington, NM.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Ideally located in the Southeast corridor near US Hwy 64 and Browning Parkway with outstanding truck access.; Turnkey industrial asset designed for contractors, trades, service companies, light manufacturing, or logistics operations.; Shop features **16‑foot ceilings**, insulated construction, **8‑foot finished metal interior walls**, new LED lighting, air plumbing, a utility sink, a 12' x 12' roll‑up door, and a separate man door.
