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1310 Paseo Del Pueblo Norte El Prado, NM 87529

Prime Taos County redevelopment opportunity. High-growth market.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 2.3-acre development site in El Prado, New Mexico (APN: 23S-057-08-008-00), presents a unique investment opportunity. Currently vacant, the property offers 30,410 square feet of total space, with 26,240 square feet of net rentable space, encompassing 336 units within a single-story structure. The site is ideally suited for redevelopment as a self-storage facility, capitalizing on the strong market demand in Taos County. Market analysis reveals blended rental rates 19% higher than the New Mexico average, with climate-controlled units commanding $26 per square foot and non-climate-controlled units at $14 per square foot. The average unit size is 78 square feet, and the current climate-controlled supply stands at 1 square foot per capita. The property boasts a 10% trailing twelve-month street rate trend increase. This is an outright sale or joint venture partnership opportunity in Taos, New Mexico's fastest-growing city. The lease type is gross, and there is no existing ground lease. The property is located at 1310 Paseo Del Pueblo Norte, El Prado, NM 87529.

Highlights

  • Fee simple sale or joint venture partnership available.
  • $26 per square foot market rate for climate-controlled space on Market Street.
  • One square foot of climate-controlled space per capita.
  • $14 per square foot market rate for non-climate-controlled space on Market Street.
  • Rental rates 19% above the New Mexico average.
  • 78 square feet per unit.

Property Details for 1310 Paseo Del Pueblo Norte

Property type
Self storage facilities
Square Feet
30,410 SF
Stories
1
Lot Size (sq. ft)
100,188 SF
Units
336

Location Insight

City
El Prado
County
Taos
State
New Mexico
Latitude
36.4357608
Longitude
-105.5762829

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FAQs

What type of property is this?
Self storage facility - Prime Taos County redevelopment opportunity. High-growth market.
Where is the self storage facility located?
The property is located at 1310 Paseo Del Pueblo Norte El Prado, NM.
What are key features of this property?
This property features: Fee simple sale or joint venture partnership available.; $26 per square foot market rate for climate-controlled space on Market Street.; One square foot of climate-controlled space per capita.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Kirk Martin
Kirk Martin
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Useful Information

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Paseo Del Pueblo Norte
El Prado, NM 87529

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Paseo Del Pueblo Norte
El Prado, NM 87529

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1310 Paseo Del Pueblo Norte
  • Kirk Martin
    Kirk Martin
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