Technical
Financial
Distress signals
Property profile

615 S Carlton Ave Farmington, NM 87401

FOR SALE
Other warehouses
Property ID
US61-0495113
5,600 SF 3.29 ac lot Built 1976
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is an industrial-zoned, fully fenced site comprising 3.73 acres with electronic gated access and three functional buildings. Building A totals 5,600 sq ft, including 2,800 sq ft of office space and 2,800 sq ft of heated warehouse space; the office area features a reception area, seven private offices, a break room with stove, sink, and fridge, a meeting room, and two ADA-compliant restrooms, and the warehouse portion includes two roll-up doors plus additional storage. Building B provides 600 sq ft of enclosed light-duty metal storage and an attached 1,200 sq ft ¼-open covered storage area. Building C totals 3,492 sq ft of flexible space with a large meeting room, three offices, two bathrooms, heating and evaporative cooling, attached warehouse space, and two porticos sized for RV access and two vehicles, respectively. Documented improvements include a roof replacement on Building A in June 2024, installation of a new heating system in October 2022, updates to evaporative cooling, fence replacement, and door repairs, along with office reconfiguration and ADA restroom upgrades completed with the office portion’s renovation.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1976
Total area 5,600 SF
Lot 3.29 ac (143,182 SF)
APN 2075171168142
UPID US61-0495113

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
  • City Government Office

Location

615 S Carlton Ave Farmington, NM 87401
Farmington metro Census 100 FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message