Property profile

2844 Main St Farmington, NM 87402

OFF-MARKET
Strip malls
Property ID
US61-0807936
8,013 SF 1.41 ac lot Built 2005
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 2844 E MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 2,700 square foot lot, ideal for a variety of commercial ventures. Its single-tenant designation offers streamlined management and potential for long-term lease agreements. The property's address, 2844 E MAIN Street, places it in a strategic location within Farmington, offering excellent visibility and accessibility. The zip code is 87401. The land is classified as commercial property and is suitable for development tailored to the specific needs of a single commercial tenant. Given its size and location, this property is well-suited for businesses requiring ample space and convenient access. The absence of existing structures allows for complete customization of the development, maximizing the potential return on investment. This presents a blank canvas for a developer to create a property perfectly aligned with their vision and market demands. The property's single-tenant nature simplifies management and reduces the complexities often associated with multi-tenant properties. This makes it an attractive option for investors seeking a low-maintenance, high-yield investment. Serious inquiries are encouraged to explore the full potential of this prime Farmington commercial land.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 8,013 SF
Lot 1.41 ac (61,420 SF)
APN 2074172080349
UPID US61-0807936

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Recycling Center Waste Management Facility
  • Courier Service Postal Service
  • Medical Clinic
  • Nail Salon

Location

2844 Main St Farmington, NM 87402-5260
Farmington metro Census 206 FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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