2551 La Plata Hwy Farmington, NM 87401
This Farmington, NM investment property offers a unique opportunity. Priced at $99,000, the property encompasses a 3,458 square foot warehouse situated on a 1.35-acre lot at 2551 La Plata Hwy, zip code 87401. The property includes a three-bedroom, one-bathroom home. An additional building on the site presents potential for retail use. A repurposed railroad car, previously used as a dog kennel, is also located on the property. The property is zoned industrial and is conveniently located off La Plata Highway. While the property requires some work, its size, location, and multiple potential uses make it an attractive investment prospect. Please note that a 24-hour notice is required for all showings. This is a rare chance to acquire a versatile industrial property in a growing area. The property's potential for various uses, including residential, retail, and storage, makes it a highly attractive investment. Serious inquiries only.
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
Similar Nearby for Sale
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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.