Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Taos Land with Mountain Views Title is generated by Realmo AI

    Los Pandos Estates lot 5, Taos, NM 87571

    View on Map
    Claim this Listing
    For Sale
    $155,000

    LAND - Taos, NM

    Lot size:
    1.09 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    70
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for Los Pandos Estates lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Description
    as per vesting deed
    Tax Annual Amount
    902

    We can help!

    Listing Contact
    Jade Anaya

    Listing agent Jade Anaya License #49846

    Listing office New Mexico Real Estate Group 1033 Paseo del Pueblo Sur, Suite B, Taos, NM

    Listing date Mar 6, 2026

    MLS# 114654 Listing URL

    Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.09 acre parcel with 360‑degree mountain views.
    • Full town utilities available at the lot (water, sewer, electricity, natural gas, telephone).
    • Convenient access to downtown Taos shopping, dining, galleries, and entertainment.
    • Easy access to nearby mountain trails for hiking and biking.
    • Well‑located lot.
    • Peaceful surroundings and big sky views.

    Overview

    This 1.09-acre parcel in the Town of Taos offers 360-degree mountain views and convenient access to town amenities. Town water, sewer, electricity, natural gas, and telephone are all available at the lot. It is located minutes from downtown Taos, shopping, dining, galleries, and entertainment. Nearby mountain trails offer opportunities for hiking and biking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.51
    Latitude
    36.4227

    Nearby Similar for Sale

    • $839,000

      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
    • $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
    • $349,000

      Taos Commercial Land Opportunity

      Commercially zoned land near major roads with high visibility.
      229 Camino de la Merced, 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
    • $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
    • $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
    • $150,000

      Commercial Land in Taos, NM

      Prime commercial parcel in the heart of Taos's district.
      1308 Merchant Rd, Taos, NM 87571
      View Details
    • $175,000

      Taos Commercial Land Parcel

      Commercial land parcel in the heart of Taos, New Mexico.
      1316 Merchant Rd, 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
    • $658,000

      Taos Land with Water Rights

      Rare in-town land near Taos Plaza with water rights.
      Kit Carson Rd, Taos, NM 87571
      View Details
    • $235,000

      Expansive Land with Valley Views

      3.1-acre tract with panoramic Taos Valley views.
      Tract 3 Verde Road, Taos, NM 87571
      View Details
    • $284,000

      Taos Commercial Development Site

      1.4-acre commercial land with utilities in place in Taos.
      Roy Road, Taos, NM 87571
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.09 acre lot with utilities and mountain views.
    Where is this residential land & home lot located?
    The property is located at Los Pandos Estates lot 5 Taos, NM.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: 1.09 acre parcel with **360‑degree mountain views.**; Full town utilities available at the lot (water, sewer, electricity, natural gas, telephone).; Convenient access to **downtown Taos shopping, dining, galleries, and entertainment.**
    (575) 224-6848
    We can help!
    Listing Contact
    Jade Anaya
    Real Estate License ID: 49846
    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
    Los Pandos Estates lot: 5, 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!