Log In/Sign Up
Your email has been sent.
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 | $417,241 |
| Land Assessment | $82,244 | Total Assessment | $499,485 |
Property Taxes
Parcel Number
076004165
Land Assessment
$82,244
Improvements Assessment
$417,241
Total Assessment
$499,485
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Gypsy Plaza | 2842 State Highway 14 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.