1310 Paseo Del Pueblo Norte El Prado, NM 87529
- Self storage facilities
- 30,410 SF
- 2.30 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 1310 Paseo Del Pueblo Norte
- Lot size
- 2.30 lot acres
- Property size
- 30,410 SF
- Property type
- Self storage facilities
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Prado
- County
- Taos
- State
- New Mexico
- Longitude
- -105.576
- Latitude
- 36.4358
