Turnkey Industrial Asset in
For Sale
Contact for pricing
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 Market157
Property Features for 914 Sandstone Avenue
General Information
Standard status
Active
Size
3,836 SF
Property subtype
Mixed Use, Industrial
Building Details
Year Built
1991
Listing Agency:
EXP Realty Commercial
(505) 686-3831
Listed By:
Allen Elmore · License #FA100100921
Source:
Crexi
Added: Feb 24
Changed: Jul 6
Last Checked: Jul 30 at 2:55PM
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 Commercial
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 For Warehouse
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 | $36.4k | $9.48 |
| − Vacancy | −$2.7k | −$0.71 |
| EGI | $33.6k | $8.77 |
| − OpEx | −$5.0k | −$1.32 |
| NOI | $28.6k | $7.45 |
3,836 SF · lease $9.48/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$489.3K
$428.1K – $570.8K
NOI $34,248 @ 7.0% cap · market cap 10.07%
Second Best
Warehouse
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 8.41%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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.
