Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vacant Land Tract in Farmington Title is generated by Realmo AI

    OFF GLADE Road, Farmington, NM 87401

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Farmington, NM

    Added:
    Feb 3, 2022
    Days on Market:
    1574
    Last Refresh:
    May 27 at 6:06 am

    Property Features for OFF GLADE Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Description
    Lots 3 and 4 of the amended Odell Freeman Subdivision

    We can help!

    Listing Contact
    David Harris

    Listing agent David Harris License #12831

    Listing office Dimmick Realty 3555 E Main Ste A, NM

    Listing date Feb 3, 2022

    MLS# 22-159 Listing URL

    Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant tract of land offers a blank canvas.
    • Accessed off road 1500.
    • Located in the Glade area.
    • Property is in the NE1/4SW1/4.
    • Section 23.
    • Township 31, Range 13.

    Overview

    This vacant tract of land is located in Farmington, New Mexico. The property is accessed off Road 1500 from the Glade area. Specifically, the land is situated in the NE1/4SW1/4 of section 23-31-13 in San Juan County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.145
    Latitude
    36.3443

    Nearby Similar for Sale

    • $475,000
      7,750 SF

      Farmington Commercial Investment Opportunity

      Two-story, 7,750 SF building with recent updates and rental history.
      120 S COMMERCIAL Avenue, Farmington, NM 87401
      View Details
    • $435,000
      6,000 SF

      Farmington Commercial Property For Sale

      Two buildings on 0.91 acres suitable for automotive or industrial.
      660 S DUSTIN Road, Farmington, NM 87401
      View Details
    • $300,000
      3,240 SF

      Farmington Commercial Property For Sale

      Commercial property in high-traffic area suitable for retail or office.
      1100 E MURRAY Drive, Farmington, NM 87401
      View Details
    • $750,000
      8,400 SF

      Farmington Industrial Property For Sale

      8,400 SF industrial property with office space on 1.24 acres.
      4100 MONROE Road, Farmington, NM 87401
      View Details
    • $540,000
      7,096 SF

      Unique Commercial Property in Farmington

      Two buildings on 10 acres zoned commercial/industrial with well.
      3881 MORNINGSTAR Drive, Farmington, NM 87401
      View Details
    • $309,000
      1,890 SF

      Remodeled Commercial Building on Two Lots

      Remodeled commercial building with expansion potential in the heart of Farmington.
      1218 SCHOFIELD Lane, Farmington, NM 87401
      View Details
    • $450,000
      4,480 SF

      Farmington Commercial Property on Highway

      Commercial property with highway frontage and excellent accessibility in Farmington.
      3650 BLOOMFIELD HWY, Farmington, NM 87401
      View Details
    • $900,000
      5,389 SF

      Farmington Commercial Building For Sale

      Meticulously designed commercial building in prime Farmington location.
      5920 E MAIN Street, Farmington, NM 87402
      View Details
    • $1,299,000
      12,256 SF

      Farmington Commercial Complex For Sale

      High-visibility commercial complex with income potential in a prime location.
      3300 N BUTLER Avenue, Farmington, NM 87401
      View Details
    • $100,000
      791 SF

      Retail Shop in Redevelopment Area

      Retail shop in Farmington Metropolitan Redevelopment Area for sale.
      661 W MAIN Street, Farmington, NM 87401
      View Details
    • $2,900,000
      16,498 SF

      Modern Multi-Use Commercial Building

      Upscale commercial property with high-income tenant and expansion potential.
      2050 KNUDSEN Avenue, Farmington, NM 87401
      View Details
    • $325,000
      1,344 SF

      Renovated Commercial Building in Farmington

      Move-in ready commercial building suitable for various professional uses.
      2100 N HUTTON Avenue, Farmington, NM 87402
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land tract accessed off Road 1500 in Farmington.
    Where is this land located?
    The property is located at OFF GLADE Road Farmington, NM.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant tract of land offers a blank canvas.; Accessed off road 1500.; Located in the Glade area.
    (505) 325-8863
    We can help!
    Listing Contact
    David Harris
    Real Estate License ID: 12831
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    OFF GLADE Road, Farmington, NM 87401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!