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    1310 Paseo Del Pueblo Norte El Prado, NM 87529

    Sponsored
    For Sale
    Contact for pricing

    Prime Taos County redevelopment opportunity. High-growth market.

    Property size:
    30,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.3-acre development site in El Prado, New Mexico (APN: 23S-057-08-008-00), presents a unique investment opportunity. Currently vacant, the property offers 30,410 square feet of total space, with 26,240 square feet of net rentable space, encompassing 336 units within a single-story structure. The site is ideally suited for redevelopment as a self-storage facility, capitalizing on the strong market demand in Taos County. Market analysis reveals blended rental rates 19% higher than the New Mexico average, with climate-controlled units commanding $26 per square foot and non-climate-controlled units at $14 per square foot. The average unit size is 78 square feet, and the current climate-controlled supply stands at 1 square foot per capita. The property boasts a 10% trailing twelve-month street rate trend increase. This is an outright sale or joint venture partnership opportunity in Taos, New Mexico's fastest-growing city. The lease type is gross, and there is no existing ground lease. The property is located at 1310 Paseo Del Pueblo Norte, El Prado, NM 87529.

    Property Features for 1310 Paseo Del Pueblo Norte

    General Information

    Property type
    Self storage facilities
    Square Feet
    30,410 SF
    Lot Size
    100,188 SF

    Building Details

    Stories
    1
    Units
    336

    HighLights

    • Fee simple sale or joint venture partnership available.
    • $26 per square foot market rate for climate‑controlled space on Market Street.
    • One square foot of climate‑controlled space per capita.
    • $14 per square foot market rate for non‑climate‑controlled space on Market Street.
    • Rental rates 19% above the New Mexico average.
    • 78 square feet per unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hair Salon Auto Parts Store Gym & Fitness Spa & Massage

    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
    -105.5762829
    Latitude
    36.4357608

    Nearby Comparable

    • $350,000
      2.21 Acres

      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
    • $295,000
      3.00 Acres

      El Prado Land with Views

      Three acre lot with water and electric access, great views.
      1204 Don Bernabe Garcia Ln, El Prado, NM 87529
      View Details
    • $550,000
      0.27 Acres

      Taos Retail Showroom Opportunity

      Commercial property with showroom space in high-traffic location.
      726 Paseo Del Pueblo Norte, Taos, NM 87571
      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
    • $950,000
      3,914 SF

      Taos Restaurant & Pizzeria Investment

      Profitable Taos eatery, two buildings
      712 Paseo Del Pueblo Norte, Taos, NM 87571
      View Details

    Nearby Similar for Sale

    • New
      $225,000
      17.00 Acres

      Land with Runways and Hangers

      17 acres with runways and Quonset huts near Taos Plaza.
      Emmas Way, El Prado, NM 87529
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Prime Taos County redevelopment opportunity. High-growth market.
    Where is this self storage facility located?
    The property is located at 1310 Paseo Del Pueblo Norte El Prado, NM.
    What are key features of this property?
    This property features: Fee simple sale or joint venture partnership available.; $26 per square foot market rate for climate-controlled space on Market Street.; One square foot of climate-controlled space per capita.
    Request Owner's contact information
    1310 Paseo Del Pueblo Norte El Prado, NM 87529
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    El Prado, NM 87529
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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
    1310 Paseo Del Pueblo Norte El Prado, NM 87529
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