719 Main St Farmington, NM 87401-5610
Property profile & analytics
719 Main St, Farmington, NM 87401-5610
- Banks
- 2,517 SF
- 0.61 lot acres
Property ID
US61-0512748
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.
Location Intelligence
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 719 Main St
- Year built
- 1979
- Lot size
- 0.61 lot acres
- Property type
- Banks
- APN
- 2076171397319
- APU
- 2076171397319
Description
This exceptional investment opportunity presents a 2,331 square foot Starbucks located at 719 W Main St, Farmington, NM 87401. The property boasts a 10-year corporate net lease with Starbucks, minimizing landlord responsibilities. The lease commenced on February 23, 2024, and extends to March 31, 2034, offering a remaining term of approximately 9.4 years. The property sits on a 1.06-acre lot and enjoys a prime location between Main Street and Broadway, benefiting from high visibility to 20,298 vehicles per day (VPD). Its proximity to the San Juan Regional Medical Center (2,000+ employees, 198 beds) further enhances its strategic positioning. The average household income within a 5-mile radius is $87,629. The property features a single, 1-story building constructed in 2024, with a 100% occupancy rate. The Net Operating Income (NOI) is $135,000, resulting in a 5.25% capitalization rate. The asking price is $2,571,429, translating to a price per square foot of $1,103.14. This investment offers a compelling combination of a strong tenant, a desirable location, and a substantial return on investment. Farmington serves not only its immediate area but also surrounding communities including Bloomfield, Shiprock, Aztec, Fruitland, and Durango, CO.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.216
- Latitude
- 36.7287
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,897
$0.00
$0.00
$107,127
-
$0.00
$0.00
$321,381
