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

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%

  $2,549,690

  6.5%

  $2,353,560

  7%

  $2,185,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,238,260

  Geo Method

  $979,629

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,600,090

  Mixed-Use / Specialty

  $2,340,960

  Hospitality / Lodging

  $1,712,010

  Office

  $2,322,670

  Institutional / Educational

  $2,432,160

  Residential Income

  $2,845,620

  Multifamily

  $3,436,210

  Automotive / Energy

  $2,084,700

  Parking / Income-Based Land

  $723,563

  Restaurant / Food Service

  $1,208,570

  Healthcare / Senior Housing

  $2,404,930

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

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