Espanola Retail Center
For Lease
$17 SF/Yr
402 Carr Lane, Espanola, NM 87532
COMMERCIAL - Espanola, NM
Property Size14,235 SF
Lot Size1.03 Acres
Days on Market241
Property Features for 402 Carr Lane
General Information
Property type
Commercial Lease
Property subtype
Retail
Directions
From Santa Fe, North on 84/285 to S Riverside Dr Left on Calle Ranchitos Property on Left
Standard status
Active
APN
1-047-122-194004
Size
14,235 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Description
S: 26 T: 21N R: 08E 1.03 AC PARCEL A-2 RANCHITOS SW1/4 BK/PG 128/195,117-A/198,161/675,536/2688,536/2690,536/4461,536/4462,537/3606,537/3688, 538/1273,538/2132,539/1192, PLAT S-1/124, U-1/197, BUSINESS ASSOCIATED: RUE 21 (ACCT#P046441), DOLLAR TREE STORES INC #5348 (CITYLIC:4583-2024,ACCT#P046315)
Legal Description
S: 26 T: 21N R: 08E 1.03 AC PARCEL A-2 RANCHITOS SW1/4 BK/PG 128/195,117-A/198,161/675,536/2688,536/2690,536/4461,536/4462,537/3606,537/3688, 538/1273,538/2132,539/1192, PLAT S-1/124, U-1/197, BUSINESS ASSOCIATED: RUE 21 (ACCT#P046441), DOLLAR TREE STORES INC #5348 (CITYLIC:4583-2024,ACCT#P046315)
Utilities
Water source
Public
Building Details
Year built
2014
Listing Agency:
Real Estate Advisors, LLC
(505) 539-3200
Listed By:
Jennifer Dyess · License #53964
(817) 228-8514
Added: Dec 1, 2025
Changed: Apr 23
Last Checked: Jul 30 at 8:06PM
MLS# 202504857
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail center is located in a high-traffic retail corridor, shadow-anchored by Walmart and surrounded by national retailers such as Lowe's, Petsense, Starbucks, CVS, and Walgreens. The property benefits from excellent visibility and access from Riverside Drive, Espanola's main commercial artery. The site features ample surface parking and prominent signage opportunities on the building and monument. The facade is modern with strong storefront exposure. Suite A offers approximately 5,000 square feet, previously occupied by Rue 21, and is suited for value retail, apparel, beauty supply, and soft goods operators seeking open floorplans and strong customer flow. National co-tenancy and high visibility support high-volume shopping patterns. The layout is efficient with flexible demising options. Suite B offers approximately 8,000 square feet, currently occupied by Dollar Tree and available after 1/31/2026. It is well-suited for large-format retail such as furniture, electronics, fitness concepts, auto parts, and urgent care. High ceilings and an open floorplan support a wide range of concepts. The location benefits from strong traffic counts of 32,000 vehicles per day and easy ingress/egress. The property is situated on 1.03 acres.
Key Highlights
- High‑traffic location on Riverside Drive with excellent visibility and 32,000 VPD.
- Shadow‑anchored by Walmart and surrounded by strong national retailers.
- Suite A: +/-5,000 SF, previously Rue 21, suitable for value retail with open floorplan.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
288k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 24%
Shops & Services 16%
Home Improvements & Furnishings 14%
Walmart
Superstores
68,007 visits/mo
0.1 miles
McDonald's
Dining
31,049 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
29,993 visits/mo
0.3 miles
Freddy's Frozen Custard & Steakburgers
Dining
22,538 visits/mo
0.3 miles
Taco Bell
Dining
17,164 visits/mo
0.2 miles
Demographics for 87532, NM
19,017
Population
8,946
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
85%
High-School Grad
109.5 sq mi
ZIP Area
174
Density / Sq Mi
$57,077
Median Household Income
$42,365
Median Earnings
$887
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail spaces in high-traffic Espanola location.
Where is this retail space located?
The property is located at 402 Carr Lane Espanola, NM.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on Riverside Drive with excellent visibility and 32,000 VPD.; Shadow‑anchored by Walmart and surrounded by strong national retailers.; Suite A: +/-5,000 SF, previously Rue 21, suitable for value retail with open floorplan.
