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106 Siler Road 224 Paseo del Pueblo Sur 6,000 SF 100% Leased Retail Building Taos, NM 87571 $1,803,620 CAD ($300.60 CAD/SF) 6.38% Cap Rate
INVESTMENT HIGHLIGHTS
- Major Intersection in downtown Taos, New Mexico
- Across the street from Hotel Willa
- Across the street from Smith's Grocery and Gas Station
EXECUTIVE SUMMARY
Major Intersection in downtown Taos, New Mexico, across from brand new Hotel (https://www.hotelwilla.com/) and Smith's Grocery Store and Gas Station. 5 blocks from Taos Plaza. Owner willing prefers to finance with 25% down, at very competitive rate. 3% commission paid to broker.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,866
|
$20.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,866
|
$20.81
|
| Taxes |
$4,164
|
$0.69
|
| Operating Expenses |
$9,712
|
$1.62
|
| Total Expenses |
$13,875
|
$2.31
|
| Net Operating Income |
$110,991
|
$18.50
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $124,866 |
| Annual Per SF | $20.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $124,866 |
| Annual Per SF | $20.81 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,164 |
| Annual Per SF | $0.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,712 |
| Annual Per SF | $1.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,875 |
| Annual Per SF | $2.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,991 |
| Annual Per SF | $18.50 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1970/1999
Price
$1,803,620 CAD
Price Per SF
$300.60 CAD
Cap Rate
6.38%
NOI
$115,154 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.21 AC
Zoning
Commercial - Commercial. Downtown. Town of Taos.
Frontage
40’ on Siler Road
AMENITIES
- Corner Lot
- Skylights
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Challup's Pizza
- Accommodation and Food Services
- 1,200 SF
- $20.81 CAD
- Jul 2026
- Rethreads
- Retailer
- 2,400 SF
- $20.81 CAD
- Jun 2027
- Spin and Sparkle Laundromat
- Services
- 2,400 SF
- $20.81 CAD
- Jul 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Challup's Pizza | Accommodation and Food Services | 1,200 SF | $20.81 CAD | Jul 2026 | ||
| Rethreads | Retailer | 2,400 SF | $20.81 CAD | Jun 2027 | ||
| Spin and Sparkle Laundromat | Services | 2,400 SF | $20.81 CAD | Jul 2025 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15297 | Total Assessment | $158,281 CAD (2025) |
| Land Assessment | $44,190 CAD (2025) | Annual Taxes | $4,164 CAD ($0.69 CAD/SF) |
| Improvements Assessment | $114,091 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15297
Land Assessment
$44,190 CAD (2025)
Improvements Assessment
$114,091 CAD (2025)
Total Assessment
$158,281 CAD (2025)
Annual Taxes
$4,164 CAD ($0.69 CAD/SF)
Tax Year
2024
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106 Siler Road
106 Siler Road | 224 Paseo del Pueblo Sur
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