Retail Center with Open
For Lease
$17 SF/Yr
402 Carr Lane, Espanola, NM 87532
CommercialLease, Espanola, NM
Space Size5,000 SF - 8,000 SF
Lot Size1.03 Acres
Days on Market287
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
Amenities
prominent signage opportunities on building and monument
modern facade with strong storefront exposure
easy ingress/egress
ample surface parking
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: Sep 6
Last Checked: Sep 14 at 1:06AM
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 14,235-square-foot retail center, built in 2014, includes two suite configurations. Suite A provides approximately 5,000 square feet with an open layout and flexible demising options. Suite B encompasses approximately 8,000 square feet, features high ceilings and an open floorplan, and is scheduled for occupancy after January 31, 2026. Public water serves the property.
The center is located at 402 Carr Lane in Espanola, along N Riverside Drive, with reported traffic of 32,000 VPD. Walmart serves as a nearby shadow anchor, while surrounding national retailers include Lowe's, Petsense, Starbucks, CVS, Walgreens, and Dollar Tree. On-site features include surface parking, building and monument signage opportunities, and a modern storefront facade.
The center is located at 402 Carr Lane in Espanola, along N Riverside Drive, with reported traffic of 32,000 VPD. Walmart serves as a nearby shadow anchor, while surrounding national retailers include Lowe's, Petsense, Starbucks, CVS, Walgreens, and Dollar Tree. On-site features include surface parking, building and monument signage opportunities, and a modern storefront facade.
Key Highlights
- 14,235 SF retail center on a 1.03‑acre site
- Suite A offers approximately 5,000 SF with an open plan and flexible demising options
- Suite B includes approximately 8,000 SF, high ceilings, and occupancy after 1/31/2026
Property Analytics
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Current Use
Lease Details
32,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
288k
Monthly Visits Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two flexible retail suites offer storefront exposure, surface parking, and access along a primary commercial corridor.
Where is this shopping center 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: 14,235 SF retail center on a 1.03‑acre site; Suite A offers approximately 5,000 SF with an open plan and flexible demising options; Suite B includes approximately 8,000 SF, high ceilings, and occupancy after 1/31/2026
