USANMFarmingtonS. Carlton615 S Carlton Ave

615 S Carlton Ave, Farmington, NM

Name: 615 S Carlton Ave, For Sale in Farmington - Zoocasa
Brand: EXP Realty, LLC
SKU: 26-642
Price: 815000 USD

House

For Sale

Listed price in listed location currency (USD).

$815,000

000

MLS® 26-642

Key Facts
Description
Map

Key Facts

Type Industrial

Levels Commercial Sale

Size -

Garage Yes

Taxes

Days Active 4

Lot Size

Approx. Age

MLS® Number 26-642

Property Address: 615 S Carlton Ave, Farmington, NM, 87401-7818

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION INVESTORS | STABILIZED NNN INDUSTRIAL ASSET w/ LONG-TERM TENANT. Fully leased, income-producing industrial property offering immediate cash flow, average 9% cap rate, & long-term investment stability. This turnkey asset is occupied by an established tenant operating under a 5-year municipal contract w/ a corresponding 5-year lease that commenced 1/1/24. Both the contract & lease include 5-year renewal options, & the tenant has historically renewed in prior terms, creating strong potential for continued occupancy, although future renewals cannot be guaranteed. The lease is structured as Triple Net (NNN), minimizing landlord responsibilities while providing built-in revenue growth through 3% annual rent escalations. Current 3rd year base rental income is $82, 750 annually, making this an attractive passive investment opportunity. Situated on 3.73 fully fenced industrial-zoned acres w/ electronic gated access & approximately 10, 892sf of improvements. Building A encompasses 5, 600sf. Approximately 2, 800sf was extensively renovated in 4/24 & features a reception area, 7 offices, a conference room, a break room w/ stove, fridge & sink, as well as 2 ADA restrooms. The remaining 2, 800sf is heated warehouse space w/ 2 overhead roll-up doors. Building B provides 600sf of enclosed light-duty metal storage along w/an attached 1, 200sf partially enclosed covered storage area. Building C contains 3, 492sf of adaptable space including a large meeting or training room, 3 offices, 2 bathrooms, heating & evaporative cooling, attached warehouse space & 2 covered porticos. Significant capital improvements have already been completed, reducing near-term maintenance concerns & enhancing long-term asset value. Recent upgrades include a new roof on Building A installed by DKG & Associates 6/24 & covered by warranty, a new heating system installed by Farmington Heating in 10/22, updated evaporative cooling systems, fence replacement, door repairs & complete office remodel

MLS® Number26-642

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 3, 2026List Date

$815,000List Price

Commute

Commute

Starting Address

Destination Address

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