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    1015 Bisti Hwy Farmington, NM 87401

    For Sale
    $850,000

    8-Acre Lot, High Traffic Area, $850,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8-acre commercial/industrial land parcel, located at 1015 Bisti Hwy in Farmington, New Mexico, presents a compelling investment opportunity. Priced at $850,000, the property boasts a substantial 348,480 square feet of land, offering significant development potential. Its prime location ensures high visibility, with over 23,000 vehicles passing daily, making it ideal for a diverse range of businesses. The property's accessibility is further enhanced by its convenient access point and readily available utilities, either on-site or directly accessible from the street. Situated in San Juan County, New Mexico, with a zip code of 87401, this expansive lot provides endless possibilities for entrepreneurs and developers seeking a strategic location in a high-traffic area. The latitude and longitude coordinates are 36.720736 and -108.221926 respectively. This is a rare opportunity to acquire a significant land holding in a thriving New Mexico market. The property is classified as Land.

    Property Features for 1015 Bisti Hwy

    General Information

    Property type
    Land

    HighLights

    • 8‑acre commercial/industrial land parcel in Farmington, NM.
    • Priced at $850,000, totaling 348,480 square feet.
    • High‑visibility location with over 23,000 vehicles passing daily.
    • Convenient access and readily available utilities.
    • Located in San Juan County, NM (zip code 87401).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Kitchen & Bath Plumbing Service

    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
    -108.221926
    Latitude
    36.720736

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    FAQs

    What type of property is this?
    Land - 8-Acre Lot, High Traffic Area, $850,000
    Where is this land located?
    The property is located at 1015 Bisti Hwy Farmington, NM.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 8-acre commercial/industrial land parcel in Farmington, NM.; Priced at $850,000, totaling 348,480 square feet.; High-visibility location with over 23,000 vehicles passing daily.
    Request Owner's contact information
    1015 Bisti Hwy Farmington, NM 87401
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    Farmington, NM 87401
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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
    1015 Bisti Hwy Farmington, NM 87401
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