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Property profile & analytics
OFF-MARKET
Commercial real estate

1160 Navajo St Farmington, NM 87401

2,501 SF
Property ID
Property summary
AI-generated overview

This exceptional 2,501 square foot executive airplane hangar is available for purchase at the Four Corners Regional Airport in Farmington, New Mexico. Boasting a generous 42-foot wide overhead door and a convenient walk-in service door, this nearly new hangar offers ample space for aircraft storage and maintenance. The hangar's depth measures 40 feet, providing substantial interior room. The property includes a 20-year hangar land lease agreement with the City of Farmington and the Four Corners Regional Airport, expiring March 31, 2039, with a valuable 15-year renewal option. The annual lease payment is $650.26. The airport features a secure gated entrance, ensuring the safety and security of your aircraft. This is a unique opportunity to acquire a well-maintained, spacious hangar in a desirable location with a long-term lease in place. Serious inquiries only. A minimum of 24 hours' notice is required for all showings. The sale includes only the hangar itself

Property profile
Verified
Property type Commercial real estate
Total area 2,501 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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