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    102 Plaza West Ranchito, NM 87571

    Sponsored
    For Sale
    $980,000

    SINGLE_FAMILY - Taos, NM

    Type:Retail
    Days on Market:
    65
    Last Refresh:
    Jan 31 at 1:06 am

    Property Features for 102 Plaza West

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1930
    Building materials
    Stucco, Adobe

    We can help!

    Listing Contact
    Kathleen Sullivan

    Swan Realty (575) 770-2958

    Listing agent Kathleen Sullivan (575) 613-4243 License #18897

    Listing date Nov 28, 2025

    MLS# 112980

    Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Taos Storefront in Historic District

    This commercial store, Unit #102, offers approximately 5297 square feet of space. The layout includes a front showroom, a large back unit, and a loft office. It features changing rooms, multiple storage options, and a bathroom at the rear. The store has two large sets of glass doors at the front and a historic wooden door at the rear. The showroom includes two large glass dormers for window displays. Delivery access is available through both the front and back entrances. The back door faces Placitas Road and the Guadalupe parking area. The property is serviced by Kit Carson Electric Co-op, New Mexico Gas Co. for natural gas, and Century Link for telephone service. Sewer and water services are provided by the Town of Taos. Zoned CBD, Central Business District in the Town of Taos, the property is located in the Historic Overlay District of Taos, and buyers should consult with the Historic Authority on rules and regulations. Taos Plaza's national significance is recognized by its listing as a contributing property within the Taos Downtown Historic District in the National Register of Historic Places (NRHP). It is nationally significant for its architecture which reflects its importance as a meeting place of many cultures and famous people. Spanish Colonial Style Buildings stand by Territorial, Mission Revival and Spanish Pueblo Revival buildings. The Taos Plaza is located in the approximate center of the CBD and is its focal point and is very popular with tourists.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pueblo Collection Jeweler

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Hair Salon Spa & Massage Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ultraviolet Floristry

    Location Insight

    • Map
    • Local Demand
    City
    Ranchito
    County
    Taos
    State
    New Mexico
    Longitude
    -105.57507
    Latitude
    36.407503

    Nearby Similar for Sale

    • $175,000

      Taos Plaza Trading Post Legacy

      Established trading post and art gallery in historic Taos Plaza.
      129 Plaza N, Ranchito, NM 87571
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial store in Taos Plaza's Historic District.
    Where is this storefront property located?
    The property is located at 102 Plaza West Ranchito, NM.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in the heart of Taos Plaza, a high-traffic tourist destination within the Central Business District (CBD).; - Spacious Layout: Approximately 5297 sq. ft. with a front showroom, large back unit, and loft office.; - Historic Significance: Located in the Taos Downtown Historic District (National Register of Historic Places) and the Historic Overlay District.
    (575) 770-2958
    Request Owner's contact information
    102 Plaza West Ranchito, NM 87571
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    Ranchito, NM 87571
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Plaza West Ranchito, NM 87571
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    We can help!
    Listing Contact
    Kathleen Sullivan
    Real Estate License ID: 18897
    (575) 770-2958
    Learn more
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