Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2001 Dustin Ave Farmington, NM 87401

    Property Lookup

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

    2001 Dustin Ave Farmington, NM 87401

    View on Map
    • Other commercial real estate
    • 10,891 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Foundation For Educational Excellence Inc / Charitable Organization / Social Service Agency

    Property Details for 2001 Dustin Ave

    Property size
    10,891 SF
    Property type
    Other commercial real estate

    Description

    This exceptional 87,120 square foot commercial land parcel in Farmington, New Mexico, is offered at $848,000. Located at 2001 N Dustin Avenue, 87401, this property boasts a prime location with high traffic counts. The existing building, zoned for office/professional use, features approximately 10,891 square feet of space. The building's layout includes twenty offices, eight of which are private and include reception areas. In addition, there are two large open office areas, a sizable conference room, a secure vault, a secure reception area, and dedicated server rooms. The property also includes a substantial paved parking area enhanced by mature trees and a grassy lot. This presents a unique opportunity for investors or businesses seeking a well-established commercial property in a high-demand area of Farmington. The property's size and existing infrastructure make it ideal for a variety of commercial uses. The combination of location, building features, and ample parking makes this a highly desirable commercial property.

    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
    -108.203
    Latitude
    36.7488

    Comparable in this City

    • Value Estimation by Request
      1.63 Acres

      Main St St

      Commercial real estate • 1.63 Acres
      Main St St, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      2.98 Acres

      Cochiti St St

      Commercial real estate • 2.98 Acres
      Cochiti St St, 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
      2,501 SF

      1160 Navajo Airplane Hangar #8 @ 4 Cor Regional Airport St

      Commercial real estate • 2,501 SF
      1160 Navajo Airplane Hangar #8 @ 4 Cor Regional Airport St, Farmington, NM 87401
      View Details
    • Value Estimation by Request
      2,501 SF

      1160 Navajo St

      Commercial real estate • 2,501 SF
      1160 Navajo St, Farmington, NM 87401
      View Details
    • Value Estimation by Request

      1201 Monterey Ave

      Land
      1201 Monterey Ave, Farmington, NM 87401
      View Details

    Similar Nearby for Sale

    • $2,500,000
      32,305 SF

      Farmington Commercial Investment

      High-traffic location, multiple income streams
      130 Airport Dr, Farmington, NM 87401
      View Details
    • $630,000
      6,307 SF

      Downtown Farmington Office Building

      Historic Charm, Prime Location, 6,307 sq ft
      333 Main St, Farmington, NM 87401
      View Details
    • $749,000

      Farmington Commercial HQ Opportunity

      Prime Office/Warehouse, Move-In Ready
      900 Resource Ave, 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
    • $400,000
      2.22 Acres

      Farmington Commercial Land - Main Street

      Prime 2.22-acre commercial lot, high visibility.
      720 Main St, Farmington, NM 87401
      View Details
    • $425,000
      2.98 Acres

      Farmington Commercial Land - Prime Location

      2.98 Acres, High Visibility, Downtown Near E Main
      Cochiti St St, Farmington, NM 87401
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $2,050 /Mo

      Downtown Office/Retail Space Available

      Office/retail space featuring multiple offices, break room, and conference room.
      418 W Broadway Ave, Farmington, NM 87401
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Main Street

      Retail space with high visibility and traffic in Farmington, NM.
      2632 East 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.
    2001 Dustin 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

    2001 Dustin 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!