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4601 Main St Ste B Farmington, NM 87402-8672

OFF-MARKET Retail space Google Maps
15,120 SF 1.86 ac lot Built 1983
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$755k
Range $680k – $831k (±10%)
Property ID US61-0455020

Property summary

AI-generated overview

This exceptional 65,856-square-foot retail space presents a unique investment opportunity in Farmington, New Mexico. Located at 4601 E Main St, this single-tenant property is situated within the Animas Valley Mall, a Planned Shopping Center District, and enjoys high visibility due to its proximity to Highway 550. The entire space is currently vacant, offering a blank canvas for a large-scale retailer or a creative adaptive reuse project. The building consists of a single story, encompassing a total of 65,856 square feet. Its location in the Farmington submarket of San Juan County, New Mexico, provides access to a substantial consumer base. The property's zoning as a Planned Shopping Center District suggests flexibility for various retail uses. The address is easily accessible, making it an attractive location for businesses seeking high traffic and visibility. This significant retail space offers an unparalleled chance to establish a prominent presence in a thriving New Mexico community. The zip code is 87402. The property's coordinates are 36.7626831 latitude and -108.1506494 longitude. This is a rare opportunity to acquire a large, single-tenant retail space in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Total area 15,120 SF
Lot 1.86 ac (81,022 SF)
APN 2073174165020
UPID US61-0455020

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
  • Department Store
  • Watch Store Women'S Clothing Store
  • Clothing Store Men'S Clothing Store
  • Clothing Store Fashion Accessories Store
  • Clothing Store Fashion Accessories Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2023
$34.0M
2018
Price N/A
2010
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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