1245 Apache St Farmington, NM 87401
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.
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Durango Joes Coffee Cafe & Coffee Shop
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Metro by T-Mobile Telecommunications Service
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Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
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OneMain Financial Loan Service
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Verizon Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.