Property profile

6415 Airport Rd La Cienega, NM 87507

OFF-MARKET
Lifestyle centers
Property ID
US61-0301698
8,250 SF
Entity Owned 4-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Total area 8,250 SF
UPID US61-0301698

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6415 Airport Rd La Cienega, NM 87507
La Cienega metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6415 Airport Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message