Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Space Near Taos Plaza Title is generated by Realmo AI

    114 Dona Luz, Taos, NM 87571

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Adaptable commercial or residential space near Taos Plaza.

    Type:Special Purpose, Industrial
    Property size:
    2,106 SF
    Price / SF:
    $330/SF
    Added:
    Jul 16, 2024
    Days on Market:
    687
    Last Refresh:
    May 12 at 10:41 pm

    Property Features for 114 Dona Luz

    General Information

    Standard status
    Active
    Size
    2,106 SF
    Property subtype
    Special Purpose, Industrial

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Nicole Nardone

    Listing agent Nicole Nardone License #NM

    Listing date Jul 16, 2024

    Source Crexi

    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 Nicole Nardone

    HighLights

    • Unparalleled location: just 100 yards from Taos Plaza in a high‑traffic area.
    • Rare versatile commercial or residential development opportunity.
    • 10 designated parking spots, a valuable asset in the area.
    • Approximately 2,100 square foot blank canvas ready for development.
    • Eye‑catching southwestern‑style frontage with a covered portal patio.
    • Spectacular views of Taos Mountain and the Sangre de Cristo mountain range.

    Overview

    This approximately 2,100 square foot property offers a versatile commercial or residential development opportunity in a location 100 yards from the Taos Plaza. Situated in a high-traffic corridor within the historic and commercial districts of Taos, the property includes 10 designated parking spots. The southwestern-style frontage includes a covered portal patio. Floor-to-ceiling windows provide natural light and views of Taos Mountain and the Sangre de Cristo mountain range. The interior features two large open spaces with high ceilings, a 208 square foot room, currently used as a conference room, with large windows and an adjacent half bath. A 163 square foot room includes a kitchenette and opens into a second half bath. The property is equipped with forced heat and central air conditioning. This commercial space has a rental history spanning over a decade, having previously housed a bike shop, childcare center, and real estate brokerage among other businesses. The property is currently tenant-occupied and offers the potential for passive income. This property provides a versatile canvas for a caf?, restaurant, yoga studio, bookstore, shop, live/work option, or office.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon 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
    -105.576025
    Latitude
    36.407596

    Nearby Similar for Sale

    • $839,000
      5,100 SF

      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
    • $1,795,000
      5,011 SF

      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
    • $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
    • $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
    • $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
    • $325,000
      1,248 SF

      Taos Multifamily Property Near Plaza

      Multifamily property with two units near the Plaza.
      735 Ranchitos Road, Taos, NM 87571
      View Details
    • $865,000

      Taos Triplex Near Taos Plaza

      Triplex with long-term tenants near Taos Plaza in Taos.
      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
    • $1,995,000
      11,312 SF

      Modern Building with Bowling Lanes

      Versatile space suitable for entertainment, office, or light industrial use.
      520 Canon Ct, Taos, NM
      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

    FAQs

    What type of property is this?
    Retail space - Adaptable commercial or residential space near Taos Plaza.
    Where is this retail space located?
    The property is located at 114 Dona Luz Taos, NM.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Unparalleled location: just 100 yards from Taos Plaza in a high‑traffic area.; Rare versatile commercial or residential development opportunity.; 10 designated parking spots, a valuable asset in the area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nicole Nardone
    Real Estate License ID: NM
    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
    114 Dona Luz, Taos, NM 87571
    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!