1218 Schofield Ln Farmington, NM 87401
Property profile & analytics
1218 Schofield Ln, Farmington, NM 87401
- Individual retail properties
- 1,890 SF
- 0.30 lot acres
Property ID
US61-0389436
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dream Catcher Interiors / Home Decor Store / Department Store
- Lendexer / (Bike/Boat/Book/etc) Store
Property Details for 1218 Schofield Ln
- Year built
- 1965
- Lot size
- 0.30 lot acres
- Property type
- Individual retail properties
- APN
- 2074172454316
- APU
- 2074172454316
Description
This exceptional 1,890 square foot commercial property, located at 1218 Schofield Lane in Farmington, NM, presents a unique investment opportunity. Recently remodeled from a laundromat into a high-end restaurant, the building boasts new booths, a new kitchen, and new bathrooms. The property includes a dedicated office area and features modern amenities such as a new HVAC system. Situated on a 0.3-acre lot, the building offers convenient alley access, enhancing both accessibility and operational efficiency. The asking price is $349,000, fully equipped as a restaurant. However, the seller is offering a compelling alternative: for $299,000, they will remove all restaurant fixtures, leaving a blank canvas ideal for office space or a similar commercial venture. This flexibility makes this property exceptionally attractive to a wide range of potential buyers. The property's prime location in Farmington, combined with its recent renovations and adaptable layout, makes it an ideal investment for entrepreneurs seeking a turnkey operation or a blank slate for their business vision. Don't miss this chance to acquire a versatile and well-located commercial space in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.182
- Latitude
- 36.7423
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,453
$0.00
$0.00
$53,729
-
$0.00
$0.00
$161,187
