Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    227 Kit Carson Rd Taos, NM 87571

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    227 Kit Carson Rd Taos, NM 87571

    View on Map
    • Commercial real estate
    • 1,159 SF
    • 2.95 lot acres
    For Sale
    $1,990,000
    View Listing →
    Taos Plaza Commercial Development Opportunity For Sale
    $1,990,000
    1,159 SF

    Taos Plaza Commercial Development Opportunity

    Prime Taos location, 60+ unit potential.

    Ranchito, NM 87571
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 227 Kit Carson Rd

    Lot size
    2.95 lot acres
    Property size
    1,159 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.95-acre commercial property 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 prime location with convenient access to shopping, dining, art galleries, and hiking trails. The site is strategically positioned near a luxury resort, enhancing its appeal and potential for high occupancy rates. The property includes three parcels zoned C1 and R4, offering flexibility for a variety of development options. Previous approvals exist for a hotel/condo development with the potential for 60+ units. All necessary utilities and infrastructure are already in place, simplifying the development process. Adding to the property's value is a small multi-tenant rental structure situated on a separate parcel at 122 Las Cruces Lane, providing immediate rental income. Dual access points from Kit Carson Road and Las Cruces Lane ensure easy accessibility for both residents and guests. The main building encompasses 1,159 square feet, offering additional development possibilities. This is a rare opportunity to acquire an irreplaceable property in a highly desirable location with significant development potential. The existing infrastructure and zoning make this an attractive proposition for developers seeking a high-return investment in a thriving tourist destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.569
    Latitude
    36.4039

    Comparable in this City

    • Value Estimation by Request
      4,655 SF

      311 Paseo Del Pueblo Norte

      Commercial real estate • 4,655 SF
      311 Paseo Del Pueblo Norte, Taos, NM 87571
      View Details
    • Value Estimation by Request

      Taos, NM 87571

      COMMERCIAL (GENERAL)
      Taos, NM 87571
      View Details
    • Value Estimation by Request
      2.95 Acres

      227 Kit Carson Rd

      Land • 2.95 Acres
      227 Kit Carson Rd, Taos, NM 87571
      View Details
    • Value Estimation by Request

      Taos, NM 87571

      COMMERCIAL (GENERAL)
      Taos, NM 87571
      View Details
    • Value Estimation by Request
      0.57 Acres

      107 Morada Ln

      Distribution properties • 2,035 SF
      107 Morada Ln, Taos, NM 87571
      View Details
    • Value Estimation by Request
      2,035 SF

      107 Morada Ln

      Commercial real estate • 2,035 SF
      107 Morada Ln, Taos, NM 87571
      View Details

    Similar Nearby for Sale

    • $1,990,000
      1,159 SF

      Taos Plaza Commercial Development Opportunity

      Prime Taos location, 60+ unit potential.
      227 Kit Carson Rd, Taos, NM 87571
      View Details
    • $950,000
      10,000 SF

      Taos Industrial Warehouse Investment

      10,000 SF Warehouse/Office, .77 Acres
      114 Alexander St, Taos, NM 87571
      View Details
    • $2,600,000
      7,529 SF

      Taos B&B & Development Land

      Luxury Inn, 1.21 Acres, Development Potential
      405 Cordoba Ln, Taos, NM 87571
      View Details
    • $375,000
      3.95 Acres

      Taos Land Ready for Building

      Four contiguous parcels in Upper Colonias ready for building.
      1 To 4, Taos, NM 87571
      View Details
    • $599,000
      4.60 Acres

      Land with Water Rights, Views

      4.6 acres with new well, water rights, and mountain views.
      2008 Lots, Taos, NM 87571
      View Details
    • $338,000
      260.00 Acres

      260 Acres in El Prado

      Land with panoramic views near BLM and National Forest.
      Off Red Tail, El Prado, NM 87571
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Taos Commercial Space For Rent

      Efficient spaces for office, light retail, and services.
      623 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $8,000 /Mo

      Taos Warehouse with Office Space

      8,000 sqft warehouse with loading docks and office space.
      1000 St Frances Ln, Taos, NM 87571
      View Details
    • Contact for pricing

      Retail Suites in Taos Plaza

      Retail suites available for lease in Taos, New Mexico.
      710 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $1,650 /Mo

      Taos Commercial Space Available

      Office, retail, or specialty suites available for rent.
      330 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $4,000 /Mo
      15,682 SF

      Prime Taos Retail/Office Location

      Premier retail/office space in Taos, undergoing extensive remodeling.
      120 Ranchitos Rd, Taos, NM 87571
      View Details
    • $3,500 /Mo

      Remodeled Commercial Space in Taos

      Versatile space suitable for gallery, retail, or office use.
      228 Plaza Garcia, Taos, NM 87571
      View Details
    View Listing
    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.
    227 Kit Carson Rd
    Taos, NM 87571
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!