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Property profile & analytics
OFF-MARKET
Neighborhood centers

1245 Apache St Farmington, NM 87401

18,190 SF 2.15 ac lot Built 2017
Property ID
Property summary
AI-generated overview

Farmington Crossing, located at 1245 W Apache St, Farmington, NM 87401, presents a unique investment opportunity in a thriving retail environment. This single-story, 18,190 square foot strip center, built in 2017, boasts a prime location in the parking lot of a Walmart Supercenter, a key anchor tenant. The property sits on 2.15 acres of land and is zoned commercial, offering excellent visibility and accessibility. With a total of 10 suites, the center currently has 4,660 square feet of vacant space available, divisible into units as small as 1,190 square feet and up to a maximum contiguous space of 4,660 square feet. The building features vanilla box condition spaces with sheetrocked walls, dropped ceilings, two ADA-compliant restrooms, and concrete flooring. HVAC systems range from 5 to 10 tons. The property benefits from its proximity to the largest Native American reservation in the country, resulting in significantly increased foot traffic, particularly Thursdays through Sundays. Current tenants report strong sales, and a landlord allowance is available. Property taxes are $2 per square foot. Join established businesses including Walmart, Cricket Wireless, Durango Joes Coffee, Metro by T-Mobile, Verizon Cellular, H&R Block, Indian Health Services, and WingStop. This is an exceptional opportunity to capitalize on a high-demand location with significant growth potential. The submarket is West Walmart, and the cross street is Main Street.

Property profile
Verified
Property type Neighborhood centers
Year built 2017
Total area 18,190 SF
Lot 2.15 ac (93,654 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
Current use
Occupant on record · Public records
  • Durango Joes Coffee Cafe & Coffee Shop
  • Metro by T-Mobile Telecommunications Service
  • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
  • OneMain Financial Loan Service
  • Verizon Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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