1116 Riverside DrEspañola, NM 87532

Property Details for 1116 Riverside Dr

Lot size

0.40 AC

Property size (Sq ft)

11,401 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

1 047 121 226 190

APU

1047121226190

Description

Riverside Plaza, located at 1116 N Riverside Dr, Española, NM 87532, presents a compelling investment opportunity in a high-traffic area. This single-story, 5,219 square foot shopping center sits on a 0.4-acre lot and is zoned for commercial use. Currently boasting 100% occupancy with three national and local tenants—Metro PCS, LuvLeigh Photos, and Rent-A-Center—the property offers a stable income stream. The triple-net (NNN) lease structure minimizes landlord responsibilities. The current lease term has 5 years remaining, generating a net operating income (NOI) of $61,469 and an 8.50% capitalization rate. The property benefits from high visibility and significant daily traffic exceeding 47,000 vehicles. Its strategic location on N. Riverside Drive, with convenient left-turn access, ensures excellent exposure to potential customers. This is a well-established retail center surrounded by other national tenants, making it an attractive and low-risk investment. The asking price for this exceptional property is $725,000. This bite-sized investment opportunity is situated in Rio Arriba County, New Mexico.

• CAP approach

  CAP return

  Valuation

  6%

  $3,263,698

  6.5%

  $3,012,645

  7%

  $2,797,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,423,475

  Geo Method

  $2,373,716

• Alternative Use

  Use

  Valuation

  Residential

  $2,541,279

  Hospitality

  $2,327,798

  Educational

  $1,936,700

  Medical

  $2,003,306

  Retail

  $3,012,645

Location Insight

City

Espanola

County

Rio Arriba

State

New Mexico

Latitude

36.0071

Longitude

-106.066

CBSA code

21580

CBSA name

ESPANOLA, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].