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Property profile & analytics
FOR LEASE
Individual retail properties

1321 N Riverside Dr Espanola, NM 87532

22,519 SF 0.55 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US61-1049335
Property summary
AI-generated overview

This exceptional 2,400 square foot, single-tenant retail building is a prime opportunity in Española, New Mexico. Built in 2019, this turn-key drive-thru property boasts superior visibility, averaging approximately 29,150 cars daily along a major retail thoroughfare. All fixtures, furniture, and equipment (FF&E) are included, making this a seamless transition for any operator. The property benefits from a highly desirable location adjacent to successful fast-food establishments and enjoys strong co-tenancy with major retailers such as Walmart, Lowe's, McDonald's, and Starbucks. Situated in a regional retail trade area, this location draws customers from the local community and eight surrounding pueblos. The building is a single-story structure on a single lot, zoned B-2, and located at 1321 N Riverside Dr, Española, NM 87532, in Rio Arriba County. This is an ideal investment for businesses seeking immediate occupancy and high visibility in a thriving market. The property offers significant potential for growth and profitability due to its strategic location and excellent access.

Property profile
Verified
Property type Individual retail properties
Use group APPLIANCE STORE
Total area 22,519 SF
Lot 0.55 ac (23,958 SF)
APN 1 047 121 259 334
UPID US61-1049335
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$794k
Blend (final) Blend
$725k
Owner & transaction history
Emr Del Taco Nm LLC · 4 yrs held
Emr Del Taco Nm LLC
since 2022
2 recorded transactions
2022
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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