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    OFF-MARKET
    Retail space

    5833 Us 64, Farmington, NM 87401-1555

    1,626 SF 1 ac lot Built 2011
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US61-0504700
    Property summary
    AI-generated overview

    This exceptional 43,560 square foot commercial land parcel in Farmington, New Mexico, presents a remarkable investment opportunity. Located at 5833 US 64, this 1.02-acre property boasts significant highway frontage, ideal for businesses seeking high visibility. The lot is completely fenced and includes a large carport and two storage buildings, offering ample space for various uses. The property's versatility allows for the establishment of two separate businesses. Utilities include shared water (with a separate meter for the main building and mobile home), electricity, and propane. The property also features two septic tanks, one for the existing building and another for a mobile home. The building itself has its own water heater and septic system. This property is zoned for commercial use and is ready for immediate development, making it an attractive option for entrepreneurs and investors alike. The address is 5833 US 64, Farmington, NM 87401. The asking price is $245,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2011
    Total area 1,626 SF
    Lot 1 ac (43,647 SF)
    APN 2069169117352
    UPID US61-0504700
    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
    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
    Carol A Martinez Ramirez Revocable
    Carol A Martinez Ramirez Revocable
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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