Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1038-1040 Paseo Del Pueblo Sur Taos, NM 87571
    Back to Search
    Property profile & analytics

    1038-1040 Paseo Del Pueblo Sur, Taos, NM 87571

    View on Map
    • Retail properties & Spaces
    • 23,812 SF
    • 3.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1038-1040 Paseo Del Pueblo Sur

    Lot size
    3.13 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional commercial property, located at 1038-1040 Paseo Del Pueblo Sur in Taos, New Mexico, presents a unique investment opportunity. The 3.127-acre site boasts excellent visibility and frontage on Paseo Del Pueblo Sur, with a new deceleration lane enhancing accessibility. The property includes two buildings totaling 23,812 square feet, zoned C-2 (General Commercial), allowing for diverse uses. One building, approximately 3,478 square feet, functions as a retail/showroom space directly facing Paseo Del Pueblo Sur. The second building, approximately 20,334 square feet, serves as a showroom and repair-service facility. Currently leased to a tenant until 2025, this property offers short-term income potential. The high-visibility location features prominent pylon signage. This property is ideal for an owner-user seeking a well-established location or a developer envisioning redevelopment opportunities within a thriving Taos commercial area. The asking price is $3,250,000, with a price per square foot of $136.49. The property's zip code is 87571, situated in Taos County.

    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
    -105.588
    Latitude
    36.3836

    Comparable in this City

    • Value Estimation by Request
      5,460 SF

      101 Herdner Rd

      Retail properties & Spaces
      101 Herdner Rd, Taos, NM 87571
      View Details
    • Value Estimation by Request
      3,914 SF

      712 Paseo Del Pueblo Norte

      Retail properties & Spaces
      712 Paseo Del Pueblo Norte, Taos, NM 87571
      View Details
    • Value Estimation by Request
      5,460 SF

      101 Herdner Rd

      Individual retail properties
      101 Herdner Rd, Taos, NM 87571
      View Details
    • Value Estimation by Request
      17,000 SF

      113 Plz Dr

      Retail properties & Spaces
      113 Plz Dr, Taos, NM 87571
      View Details
    • Value Estimation by Request
      0.57 Acres

      107 Morada Ln

      Distribution properties
      107 Morada Ln, Taos, NM 87571
      View Details
    • Value Estimation by Request
      11,312 SF

      520 Plz Cañon Dr

      Flex space
      520 Plz Cañon Dr, Taos, NM 87571
      View Details

    Similar Nearby for Sale

    • $2,200,000
      11,312 SF

      Taos Flex Space: Prime Location

      Modern 11,312 SF Flex Space, $2.2M
      520 Plz Cañon Dr, 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
    • $1,300,000
      7,500 SF

      Taos Retail Investment Opportunity

      High-visibility, fully leased commercial complex
      705 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • Contact for pricing
      11,312 SF

      Modern Building with Bowling Lanes

      Versatile space suitable for entertainment, office, or light industrial use.
      520 Canon Ct, Taos, NM 87571
      View Details
    • Contact for pricing
      4,655 SF

      Taos Commercial/Retail Opportunity

      Prime commercial/retail space in the heart of historic Taos.
      311 Paseo Del Pueblo Norte, Taos, NM 87571
      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

    Similar Nearby for Lease

    • $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
    • $12 SF/Yr

      Taos Retail Space For Lease

      Retail suites available in Albertson's Market anchored shopping center.
      710 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
    • $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
    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.
    1038-1040 Paseo Del Pueblo Sur
    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

    Thank You for Inquiry
    1038-1040 Paseo Del Pueblo Sur, 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!