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Property profile & analytics
OFF-MARKET
Medical Office Space
3280 Butler Ave Farmington, NM 87401-2360
Entity Owned
Free & Clear
Property ID
US61-0366141
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
3,330 SF
Lot
0.55 ac (23,827 SF)
APN
2075173349331
UPID
US61-0366141
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
-
Bobby G. Painter, OD - High Desert Eye Care Physician
-
Desert Hills Rejuvenation Hair Salon Nail Salon
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
Mace Group LLC
Mace Group LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,326
Tax year 2023
Assessed value
$159,936
Assessed 2023
Previous assessed
$159,936
+0.0% YoY
Effective rate
2.70%
On assessed value
Total market value
$479,807
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
3,330 SF
Lot
0.55 ac (23,827 SF)
APN
2075173349331
UPID
US61-0366141
Jurisdiction
SAN JUAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Mace Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6511 KILIMANJARO DR, EVERGREEN, CO 80439-5318
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Mace Group LLC
—
Deed
related
$836,725 · Velocity Reinsurance Co Ltd
Mar 3, 2026
—
Mace Group LLC
Bobby And Judi Painter Living Trust
Warranty Deed
—
Nov 5, 2020
—
Bobby G Painter
Bobby G Painter
Correction Deed
related
—
Nov 2, 2020
—
Bobby G Painter
Bobby G Painter
Intrafamily Transfer
related
—
Apr 18, 2016
—
Twila M Wray
Earl D Townsend
Warranty Deed
—
Jan 16, 2015
—
John Michael Philips
John M Philips
Warranty Deed
related
—
Sep 18, 2014
$118,690
Bank Of America N A
Nicholas Cullander
Special Master Deed
related
—
Jul 25, 2012
—
Mona B Chiha
Mona B Chiha
Intrafamily Transfer
related
—
Feb 5, 2010
—
Steven Wesley Graham
Steven Wesley Graham
Intrafamily Transfer
related
—
Dec 7, 2007
—
Prudential Relocation INC
Christopher S Homolka
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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