515 Animas StFarmington, NM 87401

Property Details for 515 Animas St

Year built

1975

Lot size

0.15 AC

Property size (Sq ft)

4,000 SF

Property type

Auto shops

APN

2075171327284

APU

2075171327284

Description

This exceptional 800-square-foot office space is ideally located on Animas Street in a single-tenant building. The property offers a unique opportunity for a business seeking a convenient and efficient workspace. The building itself comprises a single suite, eliminating the complexities of multi-tenant management and ensuring complete privacy and control over the premises. The absence of a specified lot size suggests a potentially advantageous location within a larger complex or building, minimizing external maintenance responsibilities. This translates to reduced operational costs and allows businesses to focus on core operations rather than property management. The single-tenant occupancy ensures a quiet and focused work environment, free from the distractions often associated with shared spaces. This property is perfect for a small business, professional services firm, or any organization requiring a self-contained and easily manageable office space in a prime downtown location. The address, 515 E Animas Street, speaks to its accessibility and visibility within the commercial district. This turnkey solution offers immediate occupancy, allowing businesses to establish their presence swiftly and efficiently. The simplicity of the single-suite configuration minimizes administrative overhead, making it an attractive option for businesses seeking streamlined operations and cost-effectiveness. The property's location and size make it an ideal choice for a variety of professional uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,106,229

  6.5%

  $1,021,135

  7%

  $948,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,234,283

  Geo Method

  $832,810

• Alternative Use

  Use

  Valuation

  Residential

  $861,365

  Hospitality

  $789,006

  Educational

  $656,444

  Medical

  $679,020

  Retail

  $1,021,135

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7272

Longitude

-108.196

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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