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    4 Road 1741 Farmington, NM 87401

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    4 Road 1741 Farmington, NM 87401

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0507112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4 Road 1741

    Property type
    Commercial real estate

    Description

    This exceptional 0 square foot lot presents a unique opportunity for building your dream home in Farmington, New Mexico. Located at 4 ROAD 1741, this property boasts significant potential for development. While the lot size is currently listed as 0 square feet, further investigation into the property's exact dimensions is recommended. The seller reports the inclusion of water rights and a well, a significant advantage for future construction. However, potential buyers are strongly advised to independently verify the existence and functionality of these utilities. The property's address is 4 ROAD 1741, Farmington, NM 87401, situated within San Juan County. Its convenient location offers easy access to local amenities and services. The asking price for this promising land parcel is $65,000. This represents a compelling investment opportunity for those seeking to establish a presence in this desirable New Mexico community. Given the potential for development and the inclusion of water rights (per seller), this property warrants serious consideration. Prospective buyers should conduct thorough due diligence to confirm all aspects of the property before making an offer. The property's geographic coordinates are 36.836066 latitude and -108.226588 longitude. This information is provided for convenience and should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.226588
    Latitude
    36.836066

    Comparable in this City

    • $329,000
      3.98 Acres

      Farmington Land For Sale

      Residential land available in Farmington, New Mexico.
      1451 E 30Th St, Farmington, NM 87401
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    • $100,000
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      Farmington Commercial Land For Sale

      1.3 acre commercial lot near hospital with utilities.
      S Lake St, Farmington, NM 87401
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      Vacant Land Tract in Farmington

      Vacant land tract accessed off Road 1500 in Farmington.
      X Off Glade Rd, Farmington, NM 87401
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    • $40,000
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      Residential Land with Mountain Views

      1.39 acre residential lot with mountain views in Farmington.
      X Rd 3900, Farmington, NM 87401
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    Similar Nearby for Sale

    • $329,000
      3.98 Acres

      Farmington Land For Sale

      Residential land available in Farmington, New Mexico.
      1451 E 30Th St, Farmington, NM 87401
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    • $100,000
      1.30 Acres

      Farmington Commercial Land For Sale

      1.3 acre commercial lot near hospital with utilities.
      S Lake St, Farmington, NM 87401
      View Details
    • Contact for pricing

      Vacant Land Tract in Farmington

      Vacant land tract accessed off Road 1500 in Farmington.
      X Off Glade Rd, Farmington, NM 87401
      View Details
    • $40,000
      1.39 Acres

      Residential Land with Mountain Views

      1.39 acre residential lot with mountain views in Farmington.
      X Rd 3900, Farmington, NM 87401
      View Details

    Similar Nearby for Lease

    • $0.70 SF/Yr
      17,790 SF

      Prime Farmington Land: Ground Lease Opportunity

      1.89 Acres, General Commercial Zoning
      2203 Main St, Farmington, NM 87401
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    • $15 SF/Yr
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      Farmington Commercial Land Opportunity

      Prime 2,300 sq ft lot, single tenant.
      2901 20Th St, Farmington, NM 87401
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    • $60,000

      Prime Commercial Land For Lease

      One-acre commercial land with high-visibility frontage on W. Main Street.
      2105 W Main St, Farmington, NM 87401
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      Land for Lease in Farmington

      Land available for lease in Farmington, New Mexico.
      5853 Us-64, Farmington, NM 87401
      View Details
    • $6 SF/Yr

      Land For Rent

      Land available for single tenant occupancy.
      1686 Bloomfield Blvd, Farmington, NM 87401
      View Details
    • $2,050 /Mo

      Downtown Office/Retail Space Available

      Office/retail space featuring multiple offices, break room, and conference room.
      418 W Broadway Ave, Farmington, NM 87401
      View Details
    Request Owner's contact information
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    4 Road 1741
    Farmington, NM 87401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4 Road 1741, Farmington, NM, 87401

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