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    311 Paseo Del Pueblo Norte Taos, NM 87571
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    311 Paseo Del Pueblo Norte Taos, NM 87571

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    • Retail space
    • 4,655 SF
    For Sale
    $1,249,000
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    Taos Commercial/Retail Opportunity For Sale
    $1,249,000
    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 Listing
    Property ID
    US61-0833287
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 311 Paseo Del Pueblo Norte

    Year built
    1930
    Property size
    4,655 SF
    Property type
    Retail space
    Property subtype
    Office Units

    Description

    PRIME COMMERCIAL/RETAIL OPPORTUNITY IN TAOS, NM! Offering this prime opportunity for an owner-user or investor in the heart of historic Taos. Highlights include: - Outstanding location in the center of the Taos business and historical district - Short walk to the Taos Plaza, Kit Carson Park, adjacen ... t shops, galleries, restaurants and nightlife - High visibility and main street frontage - On-site/off-street parking - 2 vast spaces, flexible for a mix of retail, gallery, office, hospitality, live-work - 3-phase electric power - Fiber Optic - Brick floors - Updated, with mini-splits and evaporative a/c - Recent remodel includes kitchenette, carport with automatic gate, security system, new boiler, resealed roof, and much more. View this opportunity today!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.5690932
    Latitude
    36.411638

    Comparable in this City

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      Taos Flex Space: Prime Location

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      Taos Land Development Opportunity

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    • $395,000
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      Taos Land Development Opportunity

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    • New
      $479,000
      2,064 SF

      Taos Office in Professional Corridor

      Move-in ready office space in a high-traffic Taos location.
      630 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,106 SF

      Versatile Commercial Space Near Taos Plaza

      Adaptable commercial or residential space near Taos Plaza.
      114 Dona Luz, Taos, NM 87571
      View Details
    • Contact for pricing
      5,795 SF

      Taos Multi-Use Pueblo-Style Building

      Renovated 5,795 SF commercial/residential building near Taos Plaza.
      522 Paseo Del Pueblo Norte, Taos, NM 87571
      View Details
    • $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
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    • $395,000
      3.13 Acres

      Taos Land Development Opportunity

      Commercial land in Taos, NM, with development potential.
      119 Herdner Rd, Taos, NM 87571
      View Details
    • $395,000
      3.13 Acres

      Taos Land Development Opportunity

      3.13-acre C-1 zoned land parcel in Taos, New Mexico.
      119 Herdner Rd, Taos, NM 87571
      View Details
    • New
      $479,000
      2,064 SF

      Taos Office in Professional Corridor

      Move-in ready office space in a high-traffic Taos location.
      630 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Taos Commercial Space For Rent

      Efficient spaces for office, light retail, and services.
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    • $1,650 /Mo

      Taos Commercial Space Available

      Office, retail, or specialty suites available for rent.
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    • $4,000 /Mo
      15,682 SF

      Prime Taos Retail/Office Location

      Premier retail/office space in Taos, undergoing extensive remodeling.
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    • $3,500 /Mo

      Remodeled Commercial Space in Taos

      Versatile space suitable for gallery, retail, or office use.
      228 Plaza Garcia, Taos, NM 87571
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    • Contact for pricing

      Retail Suites in Taos Plaza

      Retail suites available for lease in Taos, New Mexico.
      710 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
    View Listing
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    Taos, NM 87571
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    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
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