Contacts
Real Estate Advisors, LLC
Property Details
- Property Type Mixed Use
- Property Size 2,536 SF
- Lot Size 0.11 Acre
- Cap Rate % 4.7
- NOI / YR $43,033.00
- Taxes / YR $9,272.00
- Zoning BCD
- Year Built 1945
- Date Updated Jul 28, 2025
Attractive 2 story office property in downtown Santa Fe. Originally a house built in 1945, previously converted to office space with 8 offices, 2 bathrooms, and a wet bar/kitchenette. Wood and tile floors and wooden architectural staircase create a professional, classy feel. Offered fully leased as an investment, below appraised value.
BCD Zoning allows for residential, office, retail, restaurant, hospitality and more.
Excellent location just a few doors down from the Georgia O'Keeffe Museum, El Dorado Hotel, Terra Cotta Restaurant, and Santa Fe Cooking School. 2 blocks from the Historic Santa Fe Plaza, the Santa Fe River and 4 blocks from the Railyard which can be accessed on the newly built Guadalupe Street pedestrian corridor.
Leased to Civitas Resources, an oil exploration company, until November 2026. Tenant has 2 additional renewal terms of 3 years each with regular rent escalations.
Parking: 4+ paved spaces.
Historic status: noncontributing. Any changes are subject to review by Historic Design Review Board.
Current Financials
Gross Rents: $54,207 ($21.37/sf)
Taxes: $9,272
Insurance: $1,902
Total Expenses: $11,174/year ($4.40/sf)
Estimated Net Operating Income: $43,033/yr ($16.79/sf) (4.7% cap)
Reach out to the broker for more info on lease terms and amenities
Highlights
- Excellent location just a few doors down from the Georgia O’Keeffe Museum, El Dorado Hotel, Terra Cotta Restaurant, Santa Fe Cooking School. 2 blocks from the Historic Santa Fe Plaza, the Santa Fe River and 4 blocks from the Railyard which can be accessed on the newly rebuilt Guadalupe Street pedestrian corridor.
- 8 offices, 2 bathrooms and a wet bar/kitchenette. Wood and tile floors and wooden architectural staircase create a professional, classy feel.
- BCD Zoning allows for residential, office, retail, restaurant, hospitality and more.
Attachments
Getting around
-
85/100
Walk Score ®
-
56/100
Bike Score ®
Location
- City Santa Fe, NM
- Neighborhood Downtown Santa Fe
- Zip Code 87501
- Market Albuquerque
Points of Interest
-
Santa Fe Depot
0.41 miles
-
South Capitol
1.42 miles
-
Zia Road
3.09 miles
-
Drive-up Window
9.80 miles
-
Galisteo Allsup's
0.20 miles
-
eVgo
0.44 miles
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ChargePoint
0.47 miles
-
Magnolia
0.66 miles
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Allsup's Gas
0.68 miles
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Speedway
1.09 miles
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Smith's
2.40 miles
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Allsup's
2.44 miles
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Valero
2.57 miles
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Chevron
2.68 miles
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El Patio
0.04 miles
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San Francisco Plaza
0.06 miles
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Sandoval Garage
0.15 miles
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Water Street Municipal Lot
0.31 miles
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Santa Fe Public Library Parking
0.36 miles
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Design Center Employee Parking
0.43 miles
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Scholar Parking
1.14 miles
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La Cuchara Trailhead
1.91 miles
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Frijoles Trailhead
2.03 miles
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SFI Visitor Parking
2.05 miles
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Eldorado Hotel
0.07 miles
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Hilton Santa Fe Historic Plaza
0.13 miles
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WorldMark Santa Fe
0.16 miles
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Piñon Court by La Fonda
0.31 miles
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Piñon Court
0.33 miles
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Inn of the Anasazi
0.33 miles
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Hotel Chimayo de Santa Fe
0.33 miles
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Luxx Hotel
0.36 miles
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La Fonda on the Plaza
0.39 miles
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Inn and Spa at Loretto
0.42 miles
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Santa Fe Arcade
0.28 miles
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Santa Fe Village
0.33 miles
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Design Center Santa Fe
0.38 miles
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Sprouts Farmers Market
0.44 miles
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De Vargas Center
0.49 miles
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Ross
0.52 miles
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Market Street
0.57 miles
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Kaune's Neighborhood Market
0.65 miles
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Whole Foods Market
0.83 miles
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La Montanita Co-Op Santa Fe
0.89 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.
Real Estate Advisors, LLC
