Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    311 Paseo Del Pueblo Norte Taos, NM 87571

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,249,000

    Prime commercial/retail space in the heart of historic Taos.

    Property size:
    4,655 SF
    Price / SF:
    $268/SF
    Added:
    Nov 18, 2024
    Days on Market:
    528
    Last Refresh:
    Apr 1 at 9:26 pm

    Property Features for 311 Paseo Del Pueblo Norte

    General Information

    Standard status
    Active
    Size
    4,655 SF
    Property subtype
    Other

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    John Cornish

    Listing agent John Cornish

    Listing office Berkshire Hathaway HomeServices Taos Real Estate

    Listing date Nov 18, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Taos Real Estate

    Overview

    Taos Commercial/Retail Opportunity

    This commercial property is located in the heart of historic Taos, New Mexico, offering a prime opportunity for an owner-user or investor. The property benefits from an outstanding location in the center of the Taos business and historical district, with high visibility and main street frontage. It is a short walk to the Taos Plaza, Kit Carson Park, adjacent shops, galleries, restaurants, and nightlife. The property offers on-site and off-street parking. The space is flexible and suitable for a mix of retail, gallery, office, hospitality, or live-work uses. The property features 3-phase electric power and fiber optic connectivity. Interior features include brick floors. Recent updates include mini-splits and evaporative air conditioning, a kitchenette, a carport with an automatic gate, and a security system. The roof has been resealed, and a new boiler has been installed. The building has a total size of 4655 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Spa & Massage Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.5690932
    Latitude
    36.411638

    Nearby Similar for Sale

    • $839,000

      Established Restaurant Opportunity in Taos

      Operating restaurant in prime location with established customer base.
      908 910 Paseo del Pueblo Norte, Taos, NM 87571-0000
      View Details
    • $479,000
      2,064 SF

      Taos Office in Professional Corridor

      Move-in ready office space in a high-traffic Taos location.
      630 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $499,000
      2,800 SF

      Charming Taos Duplex with Income

      Spacious duplex in Taos, NM, with rental income potential.
      104 Guthrie Lane, Taos, NM 87571
      View Details
    • $729,000
      3,964 SF

      Taos Adobe Compound Opportunity

      Multi-unit property in Taos with income potential and expansion possibilities.
      510 and 512 Anglada Ln, Taos, NM 87571
      View Details
    • $1,795,000

      Historic Mill House Apartments in Taos

      Territorial-style multifamily property near Taos Plaza with four furnished units.
      102 Padre Martinez Lane, Taos, NM 87571-1111
      View Details
    • $325,000

      Taos Multifamily Property Near Plaza

      Multifamily property with two units near the Plaza.
      735 Ranchitos Road, Taos, NM 87571
      View Details
    • $895,000

      Taos Triplex Near Taos Plaza

      Triplex with long-term tenants, fireplaces, and laundry hook-ups near Taos Plaza.
      417 Liebert Street, Taos, NM 87571
      View Details
    • $550,000

      Taos Retail Showroom Opportunity

      Commercial property with showroom space in high-traffic location.
      726 Paseo del Pueblo Norte, Taos, NM 87571
      View Details
    • $729,000

      Adobe Compound in Heart of Taos

      Multi-unit property with income potential near Taos Plaza.
      510 and 512 Anglada Ln, Taos, NM 87571-0000
      View Details
    • $250,000

      Established Coffee Shop with Drive-Thru

      Turn-key coffee shop with drive-thru, high visibility, and loyal customers.
      1006 Paseo del Pueblo Sur, Taos, NM 87571
      View Details
    • $649,000

      Remodeled Duplex in Taos, NM

      Turnkey duplex with remodeled interiors, large yards, and convenient location.
      104 A B Brooks Street, Taos, NM 87571-0104
      View Details
    • $950,000

      Established Restaurant Investment Opportunity in Taos

      Profitable restaurant and coffee shop with highway frontage in Taos.
      712 Paseo del Pueblo Norte, Taos, NM 87571
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial/retail space in the heart of historic Taos.
    Where is this retail space located?
    The property is located at 311 Paseo Del Pueblo Norte Taos, NM.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: Prime location in the center of the Taos business and historical district.; High visibility and main street frontage.; Flexible spaces suitable for retail, gallery, office, hospitality, or live‑work.
    (575) 758-2664
    We can help!
    Listing Contact
    John Cornish
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!