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    404 Paseo Del Pueblo Norte Taos, NM 87571

    For Sale
    $1,050,000

    1.5 Acres, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.5-acre parcel presents a unique investment opportunity in the heart of Taos, New Mexico. Located at 404 Paseo Del Pueblo Norte, this R-14 zoned property boasts a high-density designation, allowing for the development of up to 21 residential units – apartments or condos. The asking price is $1,050,000, translating to $700,000 per acre, reflecting the premium location and development potential. Situated in Taos County, with a zip code of 87571, this land offers unparalleled convenience. Its immediate adjacency to the Taos Post Office ensures easy access to essential services. Furthermore, the property's central location places it within walking distance of a variety of amenities and attractions, making it highly desirable for both residents and investors. The property's latitude and longitude coordinates are 36.4125346 and -105.5689857 respectively. This is a rare chance to acquire a substantial piece of land in a thriving New Mexico community, ideal for a high-density residential project. Don't miss this opportunity to capitalize on the strong demand for housing in this sought-after location.

    Property Features for 404 Paseo Del Pueblo Norte

    General Information

    Property type
    Land
    Lot Size
    65,340 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Law Firm Wholesale Shop Auto Repair Shop Hair Salon Spa & Massage 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
    -105.5689857
    Latitude
    36.4125346

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, High-Density Potential
    Where is this land located?
    The property is located at 404 Paseo Del Pueblo Norte Taos, NM.
    What is the asking price?
    The asking price for this property is $1,050,000.
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    404 Paseo Del Pueblo Norte 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
    404 Paseo Del Pueblo Norte Taos, NM 87571
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