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    5211 Bloomfield Hwy Farmington, NM 87401

    For Sale
    $1,122,000

    Three-unit apartment building, established orchard.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a three-unit apartment building situated on a substantial 27.92-acre irrigated orchard in Farmington, New Mexico. The property boasts three existing homes, each generating rental income. Home #1, a 1985 brick home (3,381 sq ft total), features three bedrooms, three bathrooms, an oversized two-car garage, and luxurious upgrades including wood flooring, crown molding, a pantry, an office, and a jacuzzi room. Home #2, a 1962 home (1,437 sq ft), offers three bedrooms, two bathrooms, a fireplace, a two-car portico, and a partially finished basement. Home #3, a 1956 stucco home (1,512 sq ft), includes three bedrooms, one bathroom, and a covered patio. The property also includes extensive outbuildings, totaling over 4,200 sq ft, suitable for storage and agricultural use, including a fruit packing barn with cold storage. The orchard itself comprises approximately 2,500-3,000 fruit trees of various types, including apples, peaches, pears, plums, and more, irrigated by a robust 77.5 acre-feet system. The property benefits from an active gas well, providing additional income potential. Located at 5211 Bloomfield Hwy, Farmington, NM 87401, this property offers a unique blend of residential rental income and agricultural potential, making it an attractive investment opportunity. Sewer access is available with the addition of a lift station. The asking price is $1,122,000.

    Property Features for 5211 Bloomfield Hwy

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    3

    HighLights

    • Three‑unit apartment building on 27.92‑acre irrigated orchard in Farmington, NM.
    • Three existing homes generate rental income.
    • Home #1: 3,381 sq ft, 3 bed/3 bath, oversized 2‑car garage, luxury upgrades.
    • Home #2: 1,437 sq ft, 3 bed/2 bath, fireplace, 2‑car portico, partially finished basement.
    • Home #3: 1,512 sq ft, 3 bed/1 bath, covered patio.
    • Over 4,200 sq ft of outbuildings, including fruit packing barn with cold storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Food Market Storage Facility HVAC Service Electrical Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1424268
    Latitude
    36.7111299

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, established orchard.
    Where is this multifamily property located?
    The property is located at 5211 Bloomfield Hwy Farmington, NM.
    What is the asking price?
    The asking price for this property is $1,122,000.
    What are key features of this property?
    This property features: Three-unit apartment building on 27.92-acre irrigated orchard in Farmington, NM.; Three existing homes generate rental income.; Home #1: 3,381 sq ft, 3 bed/3 bath, oversized 2-car garage, luxury upgrades.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5211 Bloomfield Hwy Farmington, NM 87401
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