Contacts
GREA
GREA
Property Details
- Property Type Other
- Units 221
- Date Updated Jun 8, 2025
This 7.965-acre shovel-ready site offers unmatched visibility with 650 feet of frontage on Airport Road (20,500+ cars/day), directly across from Santa Fe Country Club. Zoned for up to 221 market-rate units, it addresses Santa Fe’s urgent housing shortage of ~5,400 units, with sub-3% vacancy and rents up 60% since 2017—more than double the national rate.
Located just 7 miles from Christus St. Vincent Regional Medical Center and 6.2 miles from the $64M Midtown Redevelopment, Casa Verde sits at the heart of a dynamic economy fueled by healthcare, tourism, arts, and film. Santa Fe attracts 1.6M visitors annually, generates $1B+ in tourism, and remains a national hub for film production and scientific innovation via nearby Los Alamos National Lab.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Luxury living appeal: Planned amenities include a modern clubhouse, pool, gym, and more, aligning with the areas upscale residential demand.
- Robust economic and tourism base: Santa Fe attracts over 1.6 million visitors annually, generating $1.0B+ in tourism revenue; water rights required and not included in purchase price.
- Shovel-ready multifamily development opportunity: Fully entitled and approved site with zoning (C-2) allowing up to 221 market-rate units; Fee-in-Lieu paid, eliminating the City of Santa Fes 30% affordability requirement.
- Strategic location in a high-barrier market: Located just 2.0 miles from Santa Fe Regional Airport and 7.0 miles from Presbyterian Santa Fe Medical Center, one of the city's largest employers.
- Strong market fundamentals: Santa Fe faces a housing shortage of ~5,400 units (Albuquerque Business Journal, April 2025), with a median single-family home price of $890,000 as of Q1 2025.
Getting around
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76/100
Walk Score ®
-
60/100
Bike Score ®
Location
- City Santa Fe, NM
- Neighborhood La Resolana
- Zip Code 87505
- Market Albuquerque
Points of Interest
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Zia Road
2.25 miles
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South Capitol
2.62 miles
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Santa Fe Depot
3.58 miles
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Drive-up Window
9.33 miles
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Murphy USA
0.06 miles
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Speedway
0.76 miles
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Brewer Gas
0.83 miles
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eVgo
0.88 miles
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Smith's Fuel
1.08 miles
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Greenlots
1.10 miles
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Sam's Club
1.13 miles
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Alon
1.21 miles
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Chevron
1.44 miles
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Valero
1.57 miles
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Rail Trail Parking
2.38 miles
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Recyclables
2.99 miles
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Flex Parking
3.27 miles
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West Wing Parking Lot
3.28 miles
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Compact and Low-Emissions Parking
3.35 miles
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Chili Line Trailhead
3.62 miles
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Design Center Employee Parking
3.68 miles
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San Francisco Plaza
3.93 miles
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Sandoval Garage
3.94 miles
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El Patio
3.94 miles
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Quality Inn Santa Fe
0.23 miles
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Motel 6 Santa Fe
0.29 miles
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Days Inn Santa Fe
0.37 miles
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Courtyard Santa Fe
0.40 miles
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Holiday Inn Express & Suites
0.44 miles
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Warren Inn
0.47 miles
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Coyote South
0.49 miles
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Hampton
0.58 miles
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Silver Saddle Motel
0.59 miles
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Ramada
0.61 miles
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El Paisano Supermarket 1
0.05 miles
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Big Lots
0.08 miles
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Walmart
0.18 miles
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Latinos Unidos
0.50 miles
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Pueblo Latino Mini Market
0.82 miles
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TJ Maxx
1.04 miles
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Sprouts Farmers Market
1.04 miles
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Smith's
1.05 miles
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Ross
1.06 miles
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Burlington
1.13 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
