1227 Railroad Ave Española, NM 87532
- Commercial real estate
- 61,350 SF
- 4.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1227 Railroad Ave
- Lot size
- 4.74 lot acres
- Property size
- 61,350 SF
- Property type
- Commercial real estate
- APN
- 1 046 121 370 213
- APU
- 1046121370213
Description
This exceptional commercial property, "The Shops @ Railroad Ave," located at 1227 N Railroad Ave, Española, NM 87532, offers a unique opportunity for businesses seeking office or retail space in a high-traffic area. Situated on a 4.4-acre lot at the corner of Fairview Lane and Railroad Avenue, between Riverside Drive and Paseo de Onate, this property boasts excellent visibility and accessibility. The 7,000 square foot complex is zoned B-2 (Commercial) and features multiple tenancy options within Buildings A and B. Available spaces range from 1,054 to 4,305 square feet, providing flexibility for various business needs. Building A offers larger suites, ranging from approximately 1,750 to 4,305 square feet, while Building B offers spaces from approximately 1,054 to 3,300 square feet. Building C is currently fully leased to NM Treatment Centers with limited operating hours. The property benefits from its proximity to the new Apple Valley Kitchen restaurant, enhancing its appeal and attracting potential customers. This is a triple net (NNN) lease opportunity. Video tours are available online. This prime location in the Los Alamos submarket of Northern New Mexico offers a compelling investment opportunity in a thriving community. The property's strategic location and flexible space options make it an ideal choice for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,240,000
- 6.5%
- $1,455,000
- 7%
- $1,455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,535,000
- Geo Method
- $1,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,130,000
- Retail
- $1,490,000
- Mixed-Use
- $1,135,000
- Hospitality
- $1,365,000
- Educational
- $1,420,000
- Residential Income
- $1,515,000
- Energy
- $1,275,000
- Income-Based Land
- $1,460,000
- Food Service
- $1,225,000
Location Insight
- Map
- Local Demand
- City
- Espanola
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.077
- Latitude
- 36.0078
- CBSA code
- 21580
- CBSA name
- ESPANOLA, NM MICROPOLITAN STATISTICAL AREA
