Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Paseo Del Title is generated by Realmo AI

    924 Paseo Del Pueblo Norte, El Prado, NM 87529

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,000

    1.6 acres of flat, versatile land with road frontage.

    Type:Land
    Lot size:
    1.60 Acres
    Added:
    Nov 7, 2024
    Days on Market:
    553
    Last Refresh:
    Jan 9 at 6:37 am

    Property Features for 924 Paseo Del Pueblo Norte

    General Information

    Standard status
    Active
    Lot size
    1.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Page Sullivan Real Estate Group

    Listing agent Page Sullivan Real Estate Group

    Listing office Berkshire Hathaway HomeServices Taos Real Estate

    Listing date Nov 7, 2024

    Source Exprealty

    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

    HighLights

    • 1.6 acres of usable, flat land
    • Located directly on the Town of Taos city limits
    • Road frontage for easy access and visibility
    • Commercial zoning allows for diverse business opportunities
    • Versatile property suitable for various uses
    • Rare opportunity for commercial development

    Overview

    This commercial property offers untapped potential with its location right on the Town of Taos city limits. The property spans 1.6 acres of usable, flat land with road frontage, making it versatile for various purposes. This property presents a canvas for business ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    El Prado
    County
    Taos
    State
    New Mexico
    Longitude
    -105.575
    Latitude
    36.4248

    Nearby Similar for Sale

    • $430,000

      El Prado Mixed-Use Development Land

      3.56-acre parcel zoned for residential and light commercial use.
      86 Comanche Road, El Prado, NM 87529
      View Details
    • $350,000

      El Prado Commercial Land Opportunity

      Prime commercial land near Taos, suitable for self-storage development.
      1312 Paseo del Pueblo Norte, El Prado, NM 87529
      View Details
    • $39,500

      Land in Stagecoach Hills

      2.5 acre building site with views in Stagecoach Hills.
      Tune Drive lot: 1B, El Prado, NM 87529
      View Details
    • $155,000

      El Prado Land with Ridge Views

      2.5-acre parcel with mountain views in Nighthawk Trail.
      Nighthawk Trail Two and Half Acres, El Prado, NM 87529
      View Details
    • $49,000

      El Prado Land For Sale

      Level 1.31 acre building site with utilities and views.
      212 Avenida de Veronica, El Prado, NM 87529-1111
      View Details
    • $180,000

      Buildable Land with Valley Views

      Six acre parcel with 360-degree views in El Prado.
      Darlene Road, El Prado, NM 87529
      View Details
    • $312,000

      El Prado Land For Sale

      6+ acre parcel with development potential in El Prado.
      Garcia Ln, El Prado, NM 87529
      View Details
    • $205,000

      Land Near Taos Amenities

      1.95-acre tract near Taos with mountain views and utilities.
      1561 Millicent Rogers Road, El Prado, NM 87529
      View Details
    • $105,000

      Ready-to-Build Land in El Prado

      Sierra de Taos parcel with utilities, close to amenities.
      75 Milano Loop, El Prado, NM 87529
      View Details
    • $280,000

      40 Acres in El Prado

      40-acre property with easy access to town and highway.
      Tract D2 HWY 64 W, El Prado, NM 87529
      View Details
    • $140,000

      Land in El Prado, NM

      Building site with mountain views, close to town.
      Mesa Vista Rd, El Prado, NM 87529
      View Details
    • $338,000

      260 Acres in El Prado

      Land with panoramic views near BLM and National Forest.
      off Red Tail, El Prado, NM 87571
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.6 acres of flat, versatile land with road frontage.
    Where is this commercial land located?
    The property is located at 924 Paseo Del Pueblo Norte El Prado, NM.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: 1.6 acres of usable, flat land; Located directly on the Town of Taos city limits; Road frontage for easy access and visibility
    (575) 758-1924
    We can help!
    Listing Contact
    Page Sullivan Real Estate Group
    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

    Thank You for Inquiry
    924 Paseo Del Pueblo Norte, El Prado, NM, 87529
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!