Property profile

3501 E Main St A Farmington, NM 87402

FOR LEASE
Strip malls
Property ID
US61-0399718
30,480 SF 3.76 ac lot Built 1984
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 3501 E MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property boasts a sizable 6,033 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control for potential buyers. The property's address is conveniently situated at 3501 E MAIN Street, in the 87402 zip code of Farmington, NM. The location offers excellent visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the area. Given the size and zoning (information not provided), this lot is suitable for a range of commercial uses, from retail establishments to light industrial operations. The property is ready for development, presenting a blank canvas for a prospective buyer to create a tailored commercial space. Further due diligence is recommended to confirm zoning regulations and permitted uses. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving New Mexico community. The geographic coordinates are 36.7498292 latitude and -108.1583394 longitude. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Total area 30,480 SF
Lot 3.76 ac (163,568 SF)
APN 2073173288065
UPID US61-0399718

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
  • Insurance Agency
  • Restaurant
  • Department Of Motor Vehicles
  • Department Of Motor Vehicles
  • Barber Shop

Location

3501 E Main St, Unit A Farmington, NM 87402
Farmington metro Census 204 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
$760k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

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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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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