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$850,000

0
Beds
0
Baths
9,692
Sqft

615 S Carlton, Farmington, New Mexico, 87401

By contacting this agent you agree to these Terms and Conditions.
Home New Mexico Farmington
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties,  :
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties,  :
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties,  :
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties,  :
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties,  :
MLS# 824288
Commercial For Sale

Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties, :

$850,000

615 S Carlton, Farmington, New Mexico, 87401

0
Beds
0
Baths
9,692
Sqft
3.720
Acres
$850,000
615 S Carlton, Farmington, New Mexico, 87401
0 Beds
0 Baths
9,692 Sqft
3.720 Acres
Allen Elmore, eXp Realty, LLC, C: , Allen@AE.Properties, : ATTENTION INVESTORS!!! Exceptional turnkey industrial investment opportunity with strong returns. This fully leased, tenant-occupied property offers immediate cash flow and a solid cap rate, making it an ideal asset for investors. The current tenant holds a 5-year municipal contract with a 5-year renewal and a matching 5-year lease that began on 1/1/2024, with a 5-year renewal option and a strong likelihood of continued tenancy. Lease terms include triple net (NNN) structure with 3% annual increases, and current base rent of $80,340 per year. The property spans 3.73 fully fenced, industrial-zoned acres with electronic gated access and includes three functional buildings. Building A is 5,600 sq. ft. with 2,800 sq. ft. of newly renovated office space, completed in April 2024, featuring a reception area, seven private offices, a break room with stove, sink, and fridge, a meeting room, and two ADA-compliant restrooms. The remaining 2,800 sq. ft. is heated warehouse space with two roll-up doors and additional storage. Building B consists of 600 sq. ft. of enclosed light-duty metal storage with an attached 1,200 sq. ft. 1/4 -open covered storage area. Building C offers 3,492 sq. ft. of flexible space, including a large meeting room, three offices, two bathrooms, heating and evaporative cooling, attached warehouse space, and two porticos--one RV-sized and one suitable for two vehicles. Recent improvements to the property include a new roof on Building A (June 2024, installed by DKG & Associates and under warranty), a new heating system installed by Farmington Heating in October 2022, updated evaporative cooling, fence replacement, and door repairs. The office reconfiguration and ADA restroom upgrades were completed in conjunction with the new lease agreement. This is a rare opportunity to acquire a stabilized, income-producing industrial property with long-term potential and high investment appeal.
158 days
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Property Details

0 Beds
0 Baths
9,692 Sqft
Built 0
3.720 Acres
No Patio
San Juan County
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Ad Statistics

Ad Number
6913535
Viewed
25 times
Added
Oct 09, 2025
Updated on
Oct 09, 2025

Listing Information

Data Source
Colorado Real Estate Network Inc.
Source Property ID
824288

Compliance

Listing Agent: Allen Elmore, eXp Realty, LLC, 505-686-3831, 303-882-1191 Listing Site, Listing Status: Active
Copyright © 2025 Colorado Real Estate Network Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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By proceeding you authorize Dream Home Network Inc., its service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners), and its affiliates, to contact me using the contact details you provided, via phone call or text (SMS) using automated dialing technology for marketing or advertising purposes, including contacting me about my inquiry and other home-related matters. Not a condition for purchase. Message and data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. Dream Home Network Inc. may share information about your recent and future site activity with its affiliates and service providers (including real estate professionals such as Brokers, Listing Agents, Buyers Agents, and local referral partners) to help them better understand what I am looking for in a property. To opt-out at any time you can reply "STOP" or contact Dream Home Network Inc. at  csv@dreamhomenetwork.com .
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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
SERVICES
Buy Buy Advertise
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Testimonials About Us Office Locations
SUPPORT
Help Contact Us
ADDITIONAL MARKETS
LakeHouse.com MountainHomes.com BeachHouse.com GolfHomes.com
SUBSCRIBE
Receive notifications for new listings
Subscribe

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 Wheelchair-accessible Housing & Universal Design Homes at Barrier Free Home
Part of Dream Home Network, Inc.
Last updated on 2026.03.17
Terms & Policy