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    227 Kit Carson Rd Taos, NM 87571

    For Sale
    $1,990,000

    Prime Taos location, 60+ unit potential.

    Property size:
    1,159 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2.95-acre commercial property presents a unique investment opportunity in the heart of Taos, New Mexico. Located just two blocks from the historic Taos Plaza, this property boasts a prime location with convenient access to shopping, dining, art galleries, and hiking trails. The site is strategically positioned near a luxury resort, enhancing its appeal and potential for high occupancy rates. The property includes three parcels zoned C1 and R4, offering flexibility for a variety of development options. Previous approvals exist for a hotel/condo development with the potential for 60+ units. All necessary utilities and infrastructure are already in place, simplifying the development process. Adding to the property's value is a small multi-tenant rental structure situated on a separate parcel at 122 Las Cruces Lane, providing immediate rental income. Dual access points from Kit Carson Road and Las Cruces Lane ensure easy accessibility for both residents and guests. The main building encompasses 1,159 square feet, offering additional development possibilities. This is a rare opportunity to acquire an irreplaceable property in a highly desirable location with significant development potential. The existing infrastructure and zoning make this an attractive proposition for developers seeking a high-return investment in a thriving tourist destination.

    Property Features for 227 Kit Carson Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,159 SF
    Lot Size
    128,502 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.569
    Latitude
    36.40394

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Taos location, 60+ unit potential.
    Where is this commercial real estate located?
    The property is located at 227 Kit Carson Rd Taos, NM.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (575) 758-1924
    Request Owner's contact information
    227 Kit Carson Rd Taos, NM 87571
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    Taos, NM 87571
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    Realmo Value Estimation

    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.

    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.

    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
    227 Kit Carson Rd Taos, NM 87571
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