Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    418 Broadway Ave Farmington, NM 87401

    Property Lookup

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

    418 Broadway Ave Farmington, NM 87401

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

    Current Use by Public Records

    • Land

    Property Details for 418 Broadway Ave

    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 418 W BROADWAY Avenue, presents a unique investment opportunity. The property encompasses a sizable 4,112 square feet of land, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control, making it suitable for businesses seeking a dedicated space. The lot's size provides ample room for construction or expansion, catering to diverse project needs. Given its commercial zoning, the possibilities are extensive, ranging from retail establishments to office spaces, or potentially even light industrial uses (subject to local zoning regulations). The property's location on Broadway Avenue offers excellent visibility and accessibility, ensuring high traffic flow and potential customer reach. This is a blank canvas for a discerning investor or developer seeking to establish a strong presence in a vibrant commercial area. The absence of existing structures allows for complete design freedom and customization to meet specific business requirements. This presents a rare chance to acquire a strategically positioned commercial land parcel with significant development potential. Serious inquiries are encouraged to explore the full potential of this prime location. Further due diligence is recommended to confirm zoning regulations and permitted uses.

    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
    -108.21
    Latitude
    36.7283

    Comparable in this City

    • Value Estimation by Request

      1201 Monterey Ave

      Land
      1201 Monterey Ave, Farmington, NM 87401
      View Details
    • Value Estimation by Request

      940 Pinon St

      Land
      940 Pinon St, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      1.00 Acre

      5853 Us-64

      Land • 1.00 Acre
      5853 Us-64, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      9,600 SF

      940/950 Pinon St

      Land • 9,600 SF
      940/950 Pinon St, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      5.00 Acres

      2575 Main St

      Land • 5.00 Acres
      2575 Main St, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      10,287 SF

      1603 Calder St

      Land • 10,287 SF
      1603 Calder St, Farmington, NM 87401
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Land Tract in Farmington

      Vacant land tract accessed off Road 1500 in Farmington.
      X Off Glade Rd, Farmington, NM 87401
      View Details
    • Contact for pricing

      Farmington Retail Land Opportunity

      High-traffic retail land, prime location.
      910 Main St, Farmington, NM 87401
      View Details
    • $275,000
      1.70 Acres

      Farmington Commercial Land Investment

      Prime 1.7-acre commercial lot. High visibility, great location.
      4951 Butler Ave, Farmington, NM 87401
      View Details

    Similar Nearby for Lease

    • $0.70 SF/Yr
      17,790 SF

      Prime Farmington Land: Ground Lease Opportunity

      1.89 Acres, General Commercial Zoning
      2203 Main St, Farmington, NM 87401
      View Details
    • $15 SF/Yr
      2,300 SF

      Farmington Commercial Land Opportunity

      Prime 2,300 sq ft lot, single tenant.
      2901 20Th St, Farmington, NM 87401
      View Details
    • Contact for pricing

      Land for Lease in Farmington

      Land available for lease in Farmington, New Mexico.
      5853 Us-64, Farmington, NM 87401
      View Details
    • $6 SF/Yr

      Land For Rent

      Land available for single tenant occupancy.
      1686 Bloomfield Blvd, Farmington, NM 87401
      View Details
    • $60,000

      Prime Commercial Land For Lease

      One-acre commercial land with high-visibility frontage on W. Main Street.
      2105 W Main St, Farmington, NM 87401
      View Details
    • $9 SF/Yr

      Farmington Warehouse with Freezer/Cooler

      17,790+-sf warehouse with freezer and refrigerated cooler areas available for rent.
      2203 W Main St, Farmington, NM 87401
      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.
    418 Broadway Ave
    Farmington, NM 87401
    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

    418 Broadway Ave, 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!