2005 N Lee Ave Farmington, NM 87401
For Sale
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This exceptional 1600-square-foot commercial building presents a fantastic opportunity in Farmington, NM. Situated on a 0.24-acre lot, the property boasts a large, fenced storage yard, ideal for various business needs. The building features upgraded electrical systems, a partial solar power setup, and ample office and storage space, ensuring efficient operations. The property includes conveniently located, handicapped-accessible restrooms and newer refrigerated air conditioning for year-round comfort. A dedicated customer parking area is also available, enhancing convenience for clients and employees. Previously used as an electrical service company, this versatile space offers significant potential for a wide range of commercial uses, including a recreational facility (REC). The building's robust infrastructure and ample outdoor space make it an attractive option for businesses seeking a well-maintained and functional property in a desirable location. The combination of updated amenities and a spacious layout makes this a truly unique opportunity. Don't miss out on this chance to acquire a prime commercial property in a thriving community.
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billings electric inc General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.