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106 Siler Road 224 Paseo del Pueblo Sur 6,000 SF 100% Leased Retail Building Taos, NM 87571 $1,300,000 ($216.67/SF) 6.38% Cap Rate
INVESTMENT HIGHLIGHTS
- Major Intersection in downtown Taos, New Mexico
- Across the street from Hotel Willa
- Across the street from Smith's Grocery and Gas Station
EXECUTIVE SUMMARY
Major Intersection in downtown Taos, New Mexico, across from brand new Hotel (https://www.hotelwilla.com/) and Smith's Grocery Store and Gas Station. 5 blocks from Taos Plaza. Owner willing prefers to finance with 25% down, at very competitive rate. 3% commission paid to broker.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$90,000
|
$15.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,000
|
$15.00
|
| Taxes |
$3,001
|
$0.50
|
| Operating Expenses |
$7,000
|
$1.17
|
| Total Expenses |
$10,001
|
$1.67
|
| Net Operating Income |
$79,999
|
$13.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $15.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $15.00 |
| Taxes | |
|---|---|
| Annual | $3,001 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.17 |
| Total Expenses | |
|---|---|
| Annual | $10,001 |
| Annual Per SF | $1.67 |
| Net Operating Income | |
|---|---|
| Annual | $79,999 |
| Annual Per SF | $13.33 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1970/1999
Price
$1,300,000
Price Per SF
$216.67
Cap Rate
6.38%
NOI
$83,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.21 AC
Zoning
Commercial - Commercial. Downtown. Town of Taos.
Frontage
40’ on Siler Road
AMENITIES
- Corner Lot
- Skylights
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Challup's Pizza
- Accommodation and Food Services
- 1,200 SF
- $15.00
- Jul 2026
- Rethreads
- Retailer
- 2,400 SF
- $15.00
- Jun 2027
- Spin and Sparkle Laundromat
- Services
- 2,400 SF
- $15.00
- Jul 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Challup's Pizza | Accommodation and Food Services | 1,200 SF | $15.00 | Jul 2026 | ||
| Rethreads | Retailer | 2,400 SF | $15.00 | Jun 2027 | ||
| Spin and Sparkle Laundromat | Services | 2,400 SF | $15.00 | Jul 2025 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15297 | Total Assessment | $115,661 (2025) |
| Land Assessment | $32,291 (2025) | Annual Taxes | $3,001 ($0.50/SF) |
| Improvements Assessment | $83,370 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15297
Land Assessment
$32,291 (2025)
Improvements Assessment
$83,370 (2025)
Total Assessment
$115,661 (2025)
Annual Taxes
$3,001 ($0.50/SF)
Tax Year
2024
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106 Siler Road
106 Siler Road | 224 Paseo del Pueblo Sur
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