Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2300 Main St Farmington, NM 87401-7720

    • Drive through restaurants
    • 2,832 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0936629
    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.

    Current Use by Public Records

    • Carl's Jr. / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 2300 Main St

    Year built
    2016
    Lot size
    1.18 lot acres
    Property size
    2,832 SF
    Property type
    Drive through restaurants
    APN
    2074172308215
    APU
    2074172308215

    Description

    This exceptional 87,120 square foot commercial land parcel presents a unique investment opportunity in Farmington, New Mexico. Located at 2300 W Main Street, this property boasts an unparalleled location, bordering West Main Street, Gooding Street, and Apache Street, offering exceptional visibility and accessibility. The asking price is $1,500,000. Its strategic position makes it ideal for a wide range of commercial ventures. The expansive lot size provides ample space for development, allowing for significant flexibility in design and functionality. The property's address is 2300 W Main Street, Farmington, NM 87401, within San Juan County. Its geographical coordinates are latitude 36.732847 and longitude -108.237823. This prime location offers significant potential for high returns, making it an attractive proposition for discerning investors seeking a high-impact commercial development site in a thriving New Mexico market. The property is classified as commercial land and is ready for immediate development. Given its size and location, this property represents a rare opportunity to acquire a significant commercial land holding in a desirable area. Don't miss this chance to secure a piece of Farmington's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.177
    Latitude
    36.7395
    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
    $7,035
    $0.00
    $0.00
    $260,126
    -
    $0.00
    $0.00
    $780,377

    Comparable in this City

    • Value Estimation by Request
      1,736 SF

      219 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,736 SF
      219 Main St, Farmington, NM 87401-2703
      View Details
    • Value Estimation by Request
      1,761 SF

      1702 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,761 SF
      1702 Main St, Farmington, NM 87401-3842
      View Details
    • Value Estimation by Request
      3,943 SF

      2210 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,943 SF
      2210 Main St, Farmington, NM 87401-3223
      View Details
    • Value Estimation by Request
      3,223 SF

      2100 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,223 SF
      2100 Main St, Farmington, NM 87401-3221
      View Details
    • Value Estimation by Request
      3,001 SF

      2610 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,001 SF
      2610 Main St, Farmington, NM 87401-3240
      View Details
    • Value Estimation by Request
      5,510 SF

      2215 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,510 SF
      2215 Main St, Farmington, NM 87401-7717
      View Details

    Similar Nearby for Sale

    • $80,000
      160 SF

      Farmington Drive-Through Restaurant Opportunity

      Drive-through restaurant business opportunity in Farmington, New Mexico.
      2119 E 20Th St, Farmington, NM 87401
      View Details
    • $2,571,429
      2,331 SF

      Starbucks Investment - Farmington, NM

      High-yield Starbucks NNN lease; strong location.
      719 Main St, Farmington, NM 87401
      View Details
    • $450,000
      6,000 SF

      Farmington Commercial Property For Sale

      Two buildings on 0.92 acres suitable for automotive or industrial.
      660 S Dustin Rd, Farmington, NM 87401
      View Details
    • $1,498,565
      32,305 SF

      Farmington Commercial Space For Sale

      32,305 SF commercial space on 2.187 acres in Farmington, NM.
      130 Airport Dr, Farmington, NM 87401
      View Details
    • $260,000
      7,200 SF

      Former ARCO Location on Highway

      Former ARCO location on Bisti Highway and Navajo 36.
      1800 Bisti Hwy, Farmington, NM 87401
      View Details
    • $309,000
      1,890 SF

      Remodeled Commercial Building on Two Lots

      Remodeled commercial building with expansion potential in the heart of Farmington.
      1218 Schofield Ln, Farmington, NM 87401
      View Details

    Similar Nearby for Lease

    • $135,000
      5,000 SF

      Retail Space on Main Street

      Retail space with drive-thru in high-traffic Farmington corridor.
      2632 E Main St, Farmington, NM 87401
      View Details
    • Contact for pricing

      Retail Pad Ready for Drive-Thru

      1.4 acre retail pad site anchored by Walmart Supercenter.
      1289 W Main St, Farmington, NM 87401
      View Details
    • $10 SF/Yr
      59,388 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces ranging from 843 to 59,388 SF.
      3040 E 20Th St, Farmington, NM 87401
      View Details
    • $2,050 /Mo

      Downtown Office/Retail Space Available

      Office/retail space featuring multiple offices, break room, and conference room.
      418 W Broadway Ave, Farmington, NM 87401
      View Details
    • $0.70 SF/Yr
      17,790 SF

      Prime Farmington Land: Ground Lease Opportunity

      1.89 Acres, General Commercial Zoning
      2203 Main St, Farmington, NM 87401
      View Details
    • $15 SF/Yr
      2,300 SF

      Farmington Commercial Land Opportunity

      Prime 2,300 sq ft lot, single tenant.
      2901 20Th St, Farmington, NM 87401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 Main St
    Farmington, NM 87401-7720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.