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Property profile & analytics
FOR LEASE
Outlet malls

2621 E 20Th St Farmington, NM 87401

19,336 SF 2.32 ac lot Built 1971
Entity Owned 12-yr Hold Free & Clear
Property ID
US61-0461362
Property summary
AI-generated overview

This exceptional 12,732 square foot commercial land parcel presents a unique investment opportunity. Located at 2621 E 20TH Street, this single-tenant property offers significant potential for development or redevelopment. The expansive lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and functionality. Its strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property is designated as commercial land, suitable for a wide range of uses, subject to local zoning regulations. This is a blank canvas for a discerning investor or developer looking to capitalize on a prime location and substantial land area. The absence of existing structures allows for complete customization, maximizing the potential return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence is recommended to confirm zoning and permitted uses. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. The property is offered as-is.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Total area 19,336 SF
Lot 2.32 ac (101,059 SF)
APN 2074172147504
UPID US61-0461362
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Southwest Cash & Carry Grocery & Convenience Store Distribution Center
  • Shamrock Foods Co Grocery & Convenience Store Distribution Center
  • Little Caesars Pizza Restaurant
  • Raindrops of the Four Corners (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Southwest Square LLC · 12 yrs held
Southwest Square LLC
since 2013
2 recorded transactions
2013
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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