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Gypsy Plaza 2842 State Highway 14 N 4,321 SF 100% Leased Office Building Cerrillos, NM 87010 $849,000 ($196.48/SF) 7.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Across from Mineshaft Tavern
- (9) unique retail and gallery units
- Leased to long-term reliable tenants
- (1) live/work studio apartment
EXECUTIVE SUMMARY
Looking for a unique investment opportunity
One-of-a-kind building in historic Madrid, NM.
9 tenant spaces for shops and local businesses/1 live-work studio apartment.
long term tenants
easy management
• Village Grocer
• Thrift Store
• Local Realtor
• Astrologist & Psychic
• Beads, Stones & Jewelry
• Handmade Chocolate Shop
• Chiropractor & Healing Arts
• Artist Studios & Galleries
• Creative Classes & Events Space
One-of-a-kind building in historic Madrid, NM.
9 tenant spaces for shops and local businesses/1 live-work studio apartment.
long term tenants
easy management
• Village Grocer
• Thrift Store
• Local Realtor
• Astrologist & Psychic
• Beads, Stones & Jewelry
• Handmade Chocolate Shop
• Chiropractor & Healing Arts
• Artist Studios & Galleries
• Creative Classes & Events Space
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,321 SF
Building Class
C
Year Built
1970
Price
$849,000
Price Per SF
$196.48
Cap Rate
7.67%
NOI
$65,160
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,321 SF
Building FAR
0.36
Lot Size
0.27 AC
Parking
7 Spaces (1.62 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Blue Rose Studio
- Retailer
- -
- -
- -
- Color & Light Arts
- Retailer
- -
- -
- -
- Dream Gallery
- -
- -
- -
- -
- Mostly Madrid
- Retailer
- -
- -
- -
- Sea Properties Ltd
- Real Estate
- -
- -
- -
- Shugarman's Little Chocolate
- Manufacturing
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Blue Rose Studio | Retailer | - | - | - | ||
| Color & Light Arts | Retailer | - | - | - | ||
| Dream Gallery | - | - | - | - | ||
| Mostly Madrid | Retailer | - | - | - | ||
| Sea Properties Ltd | Real Estate | - | - | - | ||
| Shugarman's Little Chocolate | Manufacturing | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 076004165 | Improvements Assessment | $327,759 |
| Land Assessment | $81,820 | Total Assessment | $409,579 |
PROPERTY TAXES
Parcel Number
076004165
Land Assessment
$81,820
Improvements Assessment
$327,759
Total Assessment
$409,579
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Gypsy Plaza | 2842 State Highway 14 N
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