2705 Rabbitbrush DrFarmington, NM 87402

Property Details for 2705 Rabbitbrush Dr

Year built

2014

Lot size

0.43 AC

Property size (Sq ft)

4,290 SF

Property type

Office properties

APN

2074173118222

APU

2074173118222

Description

This exceptional 8,210-square-foot commercial land parcel in Farmington, New Mexico, presents a unique investment opportunity. Located at 2705 RABBITBRUSH Drive, 87402, this property boasts a sophisticated professional office building with diverse usage potential. The building features six baths, three kitchens, eight executive-sized offices, a spacious waiting area, multiple conference rooms, and two large flexible office spaces. High-end features include a security system, alarms, professional telephone lines, three HVAC units, eight-foot solid wood doors, and soundproof walls. Recent upgrades total over $13,000 and include AC unit repairs, a complete Ethernet network upgrade with new switches and server/firewall replacement, and the installation of a cellular fire alarm backup system. The building is equipped with over a mile of Cat 5 fiber optic cabling and a unique, in-town fiber optic internet line. Currently accommodating 18 employees comfortably, the property also includes a 2,000-square-foot unfinished basement suitable for storage or additional office space. This prime commercial property is priced at $1,599,999. The property is located in San Juan County, New Mexico.

• CAP approach

  CAP return

  Valuation

  6%

  $807,096

  6.5%

  $745,012

  7%

  $691,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $950,900

  Geo Method

  $354,440

• Alternative Use

  Use

  Valuation

  Residential

  $923,814

  Hospitality

  $846,209

  Educational

  $704,036

  Medical

  $728,249

  Retail

  $1,095,167

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7542

Longitude

-108.17

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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