1116 Riverside Dr Espanola, NM 87532-2595
Property Lookup
Property profile & analytics
1116 Riverside Dr Espanola, NM 87532-2595
- Individual retail properties
- 11,401 SF
- 0.40 lot acres
Property ID
US61-0978337
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Individual retail properties
Property Details for 1116 Riverside Dr
- Lot size
- 0.40 lot acres
- Property size
- 11,401 SF
- Property type
- Individual retail properties
- APN
- 1 047 121 226 190
- APU
- 1047121226190
Description
Riverside Plaza, located at 1116 N Riverside Dr, Española, NM 87532, presents a compelling investment opportunity in a high-traffic area. This single-story, 5,219 square foot shopping center sits on a 0.4-acre lot and is zoned for commercial use. Currently boasting 100% occupancy with three national and local tenants—Metro PCS, LuvLeigh Photos, and Rent-A-Center—the property offers a stable income stream. The triple-net (NNN) lease structure minimizes landlord responsibilities. The current lease term has 5 years remaining, generating a net operating income (NOI) of $61,469 and an 8.50% capitalization rate. The property benefits from high visibility and significant daily traffic exceeding 47,000 vehicles. Its strategic location on N. Riverside Drive, with convenient left-turn access, ensures excellent exposure to potential customers. This is a well-established retail center surrounded by other national tenants, making it an attractive and low-risk investment. The asking price for this exceptional property is $725,000. This bite-sized investment opportunity is situated in Rio Arriba County, New Mexico.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Espanola
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.066
- Latitude
- 36.0071
- CBSA code
- 21580
- CBSA name
- ESPANOLA, NM MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,079
$65,370
$147,666
$213,036
-
$196,109
$442,998
$639,107
