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    176 Maestas Rd Ranchos de Taos, NM 87557

    Sponsored
    For Sale
    $996,000

    MULTI_FAMILY - Pueblo - Ranchos de Taos, NM

    Lot size:
    1.89 Acres
    Days on Market:
    178
    Last Refresh:
    Feb 5 at 1:06 pm

    Property Features for 176 Maestas Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1074145145284
    Patio and Porch features
    Deck
    Interior features
    CeilingFans
    Exterior features
    GravelDriveway
    Fireplace
    1
    Appliances
    Dryer, Dishwasher, Disposal, GasOven, GasRange, GasWaterHeater, Refrigerator, Washer
    Lot size
    1.89 Acres

    Utilities

    Heating system
    Fireplace(s), Hot Water(Heating), Wood Stove, Radiant, Wood
    Water source
    Well

    Building Details

    Year built
    1996
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Dirt, Tile, Carpet
    Building materials
    Adobe, Frame, Stucco
    Architectural style
    Pueblo
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Jeff Assad
    Jeff Assad

    Barker Realty-Taos (505) 982-9836

    Listing agent Jeff Assad (505) 982-9836 License #43810

    Listing date Aug 12, 2025

    MLS# 113743 Listing URL

    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 Multifamily Investment Opportunity

    Located in Ranchos de Taos, this property offers a blend of serene living and steady rental income. Situated just outside town limits, it's approximately 4 miles from Taos Plaza, a half-mile from Holy Cross Hospital, and near the Weimer Foothills trails. The property comprises four units, including an owner-occupied main home featuring an open living, dining, and kitchen area with clerestory windows and a loft. A kiva fireplace, crafted by Carmen Velarde, adds character. The upstairs loft/studio includes a large second-story viewing deck with mountain views stretching to Colorado. The main home was remodeled in 2018, with upgrades to the bathroom, kitchen flooring, and cabinets, and the outdoor area was enhanced in 2023. In addition to the main residence, there is an extended owner's suite partitioned as a studio rental, a separate 1-bedroom, 1-bathroom guest house, and an adobe studio/chapel. This studio, a replica of a church chancel, was built for artist Fr. William Hart McNichols by Trini Velarde, using traditional adobes, mud floors, and vigas painted with natural plant dyes. The property spans 1.89 acres and presents an investment opportunity with established rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Pharmacy Kitchen & Bath Showroom Skin Care Clinic Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Ranchos de Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.580774
    Latitude
    36.357988

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    FAQs

    What type of property is this?
    Single family property - Unique property with four units, rental income, and mountain views.
    Where is this single family property located?
    The property is located at 176 Maestas Rd Ranchos de Taos, NM.
    What is the asking price?
    The asking price for this property is $996,000.
    What are key features of this property?
    This property features: - Four units total: Owner-occupied main home plus three rental units, an established rental income and investment opportunity.; - Main home features a unique kiva fireplace crafted by renowned artisan Carmen Velarde and a loft with a large viewing deck offering breathtaking mountain views.; - Prime location: Nestled in Ranchos de Taos, just 4 miles from Taos Plaza, a half-mile from Holy Cross Hospital, and moments from Weimer Foothills trails.
    (505) 982-9836
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    176 Maestas Rd Ranchos de Taos, NM 87557
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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
    176 Maestas Rd Ranchos de Taos, NM 87557
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    We can help!
    Listing Contact
    Jeff Assad
    Jeff Assad
    Real Estate License ID: 43810
    (505) 982-9836
    Learn more
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