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    Property profile & analytics

    404 Paseo Del Pueblo Norte Taos, NM 87571

    • Commercial real estate
    • 1.50 lot acres
    For Sale
    View listing
    $1,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0752843
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 404 Paseo Del Pueblo Norte

    Lot size
    1.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.5-acre parcel presents a unique investment opportunity in the heart of Taos, New Mexico. Located at 404 Paseo Del Pueblo Norte, this R-14 zoned property boasts a high-density designation, allowing for the development of up to 21 residential units – apartments or condos. The asking price is $1,050,000, translating to $700,000 per acre, reflecting the premium location and development potential. Situated in Taos County, with a zip code of 87571, this land offers unparalleled convenience. Its immediate adjacency to the Taos Post Office ensures easy access to essential services. Furthermore, the property's central location places it within walking distance of a variety of amenities and attractions, making it highly desirable for both residents and investors. The property's latitude and longitude coordinates are 36.4125346 and -105.5689857 respectively. This is a rare chance to acquire a substantial piece of land in a thriving New Mexico community, ideal for a high-density residential project. Don't miss this opportunity to capitalize on the strong demand for housing in this sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.5689857
    Latitude
    36.4125346

    Comparable in this City

    • $1,800,000
      7.00 Acres

      Taos Land Investment Opportunity

      Prime Taos land, master-planned for 76 units, zoned for 96.
      Caminio Del Medio, Taos, NM 87571
      View Details
    • $160,000
      0.75 Acres

      Taos Acreage with Existing Utilities

      Large lot near town with utilities and detached two-car garage.
      319 Herdner Rd, Taos, NM 87571
      View Details
    • New
      $649,000
      0.16 Acres

      Remodeled Duplex in Taos, NM

      Turnkey duplex with remodeled interiors, large yards, and convenient location.
      104 A B Brks St, Taos, NM 87571
      View Details
    • $729,000
      3,964 SF

      Taos Adobe Compound Opportunity

      Multi-unit property in Taos with income potential and expansion possibilities.
      510 Anglada Ln, Taos, NM 87571
      View Details
    • $877,000
      0.38 Acres

      Taos Multifamily Investment Opportunity

      Four renovated units with modern amenities and prime location.
      107 Dona Ana Dr, Taos, NM 87571
      View Details
    • $729,000
      0.78 Acres

      Adobe Compound in Heart of Taos

      Multi-unit property with income potential near Taos Plaza.
      510 Anglada Ln, Taos, NM 87571
      View Details

    Similar Nearby for Sale

    • $1,800,000
      7.00 Acres

      Taos Land Investment Opportunity

      Prime Taos land, master-planned for 76 units, zoned for 96.
      Caminio Del Medio, Taos, NM 87571
      View Details
    • $160,000
      0.75 Acres

      Taos Acreage with Existing Utilities

      Large lot near town with utilities and detached two-car garage.
      319 Herdner Rd, Taos, NM 87571
      View Details
    • New
      $649,000
      0.16 Acres

      Remodeled Duplex in Taos, NM

      Turnkey duplex with remodeled interiors, large yards, and convenient location.
      104 A B Brks St, Taos, NM 87571
      View Details
    • $729,000
      3,964 SF

      Taos Adobe Compound Opportunity

      Multi-unit property in Taos with income potential and expansion possibilities.
      510 Anglada Ln, Taos, NM 87571
      View Details
    • $877,000
      0.38 Acres

      Taos Multifamily Investment Opportunity

      Four renovated units with modern amenities and prime location.
      107 Dona Ana Dr, Taos, NM 87571
      View Details
    • $729,000
      0.78 Acres

      Adobe Compound in Heart of Taos

      Multi-unit property with income potential near Taos Plaza.
      510 Anglada Ln, Taos, NM 87571
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Taos Commercial Space For Rent

      Office and retail spaces available in Taos, New Mexico.
      623 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $4,000 /Mo

      Remodeled Commercial Space in Taos

      Versatile remodeled space suitable for gallery, retail, or office.
      228 Plaza Garcia, Ranchito, 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
    • $12 SF/Yr
      128,195 SF

      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
    • $12 SF/Yr
      1,164 SF

      Cruz Alta Plaza Retail Spaces

      Taos, NM Retail Center - 5 Spaces Available
      710 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
    • $1,650 /Mo

      Taos, NM Commercial Suites

      Office, retail, or specialty suites available for rent.
      330 Paseo Del Pueblo Sur, Taos, NM 87571
      View Details
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    404 Paseo Del Pueblo Norte
    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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