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    227 Kit Carson Rd Taos, NM 87571

    For Sale
    $1,990,000

    Prime Taos location, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.95-acre commercial land parcel presents a unique investment opportunity in the heart of Taos, New Mexico. Located just two blocks from the historic Taos Plaza, this property boasts a highly desirable location with easy access to shopping, dining, art galleries, and recreational trails. Previously approved for a hotel/condo development of up to 60+ units, this site is ready for immediate development, with existing utilities and infrastructure in place. The property includes a small multi-tenant rental structure situated at 122 Las Cruces Lane, providing immediate rental income potential. Dual access points from Kit Carson Road and Las Cruces Lane ensure convenient access and maneuverability. The property is comprised of three parcels, zoned C1 and R4, offering flexibility for various development scenarios. A luxury resort is located just a few blocks to the east, further enhancing the property's desirability and potential for high returns. This is a truly irreplaceable property in a vibrant and sought-after location, offering significant upside potential for the discerning investor. The asking price is $1,990,000. The address is 227 Kit Carson Rd, Taos, NM 87571.

    Property Features for 227 Kit Carson Rd

    General Information

    Property type
    Land
    Lot Size
    128,502 SF

    HighLights

    • $1,990,000 asking price.
    • 2.95‑acre commercial land parcel.
    • Located in Taos, NM, at 227 Kit Carson Rd, 87571.
    • Previously approved for 60+ unit hotel/condo development.
    • Includes a multi‑tenant rental building.
    • Zoned C1 and R4 across three parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Hair Salon Spa & Massage Nail Salon Building Supply Auto Repair Shop Pharmacy

    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
    36.4039094

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    FAQs

    What type of property is this?
    Land - Prime Taos location, development ready.
    Where is this land located?
    The property is located at 227 Kit Carson Rd Taos, NM.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: $1,990,000 asking price.; 2.95-acre commercial land parcel.; Located in Taos, NM, at 227 Kit Carson Rd, 87571.
    (575) 758-1924
    Request Owner's contact information
    227 Kit Carson Rd Taos, NM 87571
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    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
    227 Kit Carson Rd Taos, NM 87571
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