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3836 Main St Farmington, NM 87402-8740

OFF-MARKET Showrooms Google Maps
36,000 SF 3.78 ac lot Built 1996
Entity Owned Free & Clear
Estimated value (blended)
$925k
Range $833k – $1.02M (±10%)
Property ID US61-0422865

Property summary

AI-generated overview

Star Plaza, a single-story, 3,636 square foot neighborhood retail center located at the intersection of E Main St and Cliffside Dr., presents a unique investment opportunity. Built in 1996, this property sits on a generous 3.78-acre lot and offers a total of 32 parking spaces for ample customer convenience. Currently, the entire 3,636 square foot building is available for lease, providing flexibility for a single large tenant or the potential for multiple smaller tenants. The minimum divisible space is 1,679 square feet, while the maximum contiguous space is the entire building. The property is zoned for General Commercial use, allowing for a wide range of businesses. The property features four suites in total. Property taxes are $0.80 per square foot. The APN is 2073173316242. This location offers excellent visibility and accessibility, making it an ideal spot for a variety of retail businesses seeking a high-traffic area. The expansive lot size provides ample room for expansion or outdoor seating, further enhancing its appeal. Don't miss this chance to secure a prominent retail space in a thriving neighborhood.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1996
Total area 36,000 SF
Lot 3.78 ac (164,657 SF)
APN 2073173316242
UPID US61-0422865

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
  • Loan Service
  • Vocational School Training Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$925k

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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