Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    X3 Pinon Hills Blvd Farmington, NM 87402

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    X3 Pinon Hills Blvd Farmington, NM 87402

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for X3 Pinon Hills Blvd

    Property type
    Land

    Description

    This exceptional 1,481,040 square foot land parcel is ideally situated on the south side of Pinon Hills Boulevard in Farmington, New Mexico, adjacent to a baseball complex and tennis courts. The property, located in San Juan County, enjoys a highly desirable position bordering the city limits of Farmington, benefiting from the convenience of city proximity while maintaining a county setting. Its strategic location ensures high visibility and accessibility, making it an attractive option for businesses seeking a high-traffic location. The seller is open to dividing the property into two parcels, offering flexibility for potential buyers. One potential division involves a 20-acre parcel on the south side of Pinon Hills Boulevard, priced at $400,000, and an adjacent parcel across Pinon Hills, encompassing approximately 13 acres, listed at $280,000. The entire 1,481,040 square foot tract is offered at $680,000. The owner is also willing to consider owner financing with an acceptable interest rate and down payment on a short-term basis. This presents a unique opportunity for developers seeking a substantial land holding for a new subdivision or businesses looking for a prominent location with excellent visibility and accessibility. The property's proximity to recreational facilities further enhances its appeal. The zip code is 87402.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.162
    Latitude
    36.7765

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      2860 Main St

      Land • 0.75 Acres
      2860 Main St, Farmington, NM 87402
      View Details
    • Value Estimation by Request

      6718 Sandrock Ct

      Land
      6718 Sandrock Ct, Farmington, NM 87402
      View Details
    • Value Estimation by Request

      6312 Titleist Ct

      Land
      6312 Titleist Ct, Farmington, NM 87402
      View Details
    • Value Estimation by Request

      Xx Hood Mesa Trl

      Land
      0 Xx Hood Mesa Trl, Farmington, NM 87402
      View Details
    • Value Estimation by Request

      6734 Sandrock Ct

      Land
      6734 Sandrock Ct, Farmington, NM 87402
      View Details
    • Value Estimation by Request

      6707 Sandrock Ct

      Land
      6707 Sandrock Ct, Farmington, NM 87402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Approximately 6.26 acres of land available for sale.
      4109 E Main St, Farmington, NM 87402
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      2860 E Main St, Farmington, NM 87402
      View Details
    • $100,000
      1.00 Acre

      Residential Land in Farmington, NM

      One-acre residential lot with utilities available, no HOA.
      11 Silver Maple Ct, Farmington, NM 87402
      View Details
    • $725,000
      58.89 Acres

      Farmington Industrial Land For Sale

      60 acres of developable industrial land within Farmington city limits.
      Xxxx Andrea Dr, Farmington, NM 87402
      View Details
    • $699,000
      4.82 Acres

      Farmington Flea Market Opportunity

      Established flea market with highway frontage and income potential.
      7701 E Main St, Farmington, NM 87402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease at high-volume intersection.
      4129 E Main St, Farmington, NM 87402
      View Details
    • $24 SF/Yr

      Retail Center on Main Street

      20,000+- SF shopping center with excellent visibility.
      5150 E Main St, Farmington, NM 87402
      View Details
    • $120,000
      6,765 SF

      Farmington Medical Office Space

      Exceptional 6,765 sq ft office building. Prime Farmington location.
      6600 Main St, Farmington, NM 87402
      View Details
    • $5,200 /Mo

      Farmington Retail Space For Lease

      3,012 sq ft retail space in a prime location.
      4323 E Main St, Farmington, NM 87402
      View Details
    • Contact for pricing

      Retail Space in Four Corners Hub

      Exceptional retail location in the Four Corners area.
      4917 E Main St, Farmington, NM 87402
      View Details
    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.
    X3 Pinon Hills Blvd
    Farmington, NM 87402
    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

    X3 Pinon Hills Blvd, Farmington, NM, 87402

    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!