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5920 Main St Ste A Farmington, NM 87402-3094

OFF-MARKET Retail space Google Maps
13,182 SF 0.61 ac lot Built 2008
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$690k
Range $621k – $759k (±10%)
Property ID US61-0505879

Property summary

AI-generated overview

This exceptional 0.94-acre commercial land parcel, located at 5920 E Main Street in Farmington, New Mexico, presents a unique investment opportunity. Priced at $900,000, this property boasts a 5,389 square foot building constructed in 2008, ideally suited for a variety of commercial uses. Its strategic corner lot location on East Main Street ensures maximum visibility and accessibility, benefiting from high traffic volume. The property features a paved parking lot and convenient access to city utilities, including three HVAC units. The building's modern design and contemporary structure offer significant flexibility for diverse commercial ventures, from retail spaces to offices. Its advantageous location near a mortgage company and a liquor store further enhances its appeal and potential for success. The property is zoned for general commercial use, providing ample opportunity for a wide range of businesses. This is a rare chance to acquire a well-situated, high-visibility commercial property in a thriving area of Farmington, New Mexico. The zip code is 87402.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Total area 13,182 SF
Lot 0.61 ac (26,528 SF)
APN 2072174111454
UPID US61-0505879

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
  • Financial Advisor
  • Loan Service Bank
  • Loan Service Bank
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$690k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2021
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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