6415 Airport Rd, La Cienega, NM 87507
Esplanade Village, a thriving 8,250 square foot shopping center in Santa Fe, New Mexico, presents a compelling investment opportunity. Located at 6415 Airport Rd, 87507, this property boasts four retail units currently operating at 100% occupancy, generating a strong return on investment. The asking price is $3,275,000, translating to $396.97 per square foot. This established retail center benefits from its prime location and consistent tenant occupancy. The property's success is further enhanced by the availability of an adjacent 0.529-acre parcel for $695,000. This parcel has already received approvals for a 6,300 square foot development, offering significant potential for expansion and increased revenue streams. This presents a unique opportunity to acquire a fully leased, income-producing asset with substantial growth potential in a desirable New Mexico market. The property's strong performance and the potential for expansion make it an attractive investment for those seeking a stable and growing retail portfolio. Detailed financial information and lease agreements are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.