Renovated Office Building with
For Sale
$695,000
Pending
1315 S St Francis Drive, Santa Fe, NM 87505
SINGLE_FAMILY - Santa Fe, NM
Property Size2,107 SF
Lot Size0.13 Acres
Days on Market297
Property Features for 1315 S St Francis Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
C-1
Zoning description
C-1
Parking
4
Parking features
Offsite
Appliances
TanklessWaterHeater
Directions
Located on the east side of St. Francis Drive, north of San Mateo Road and just south of Alta Vista.
Standard status
Pending
APN
012219264
Size
2,107 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
LOT 6 BLK 4
Legal Description
LOT 6 BLK 4
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Flooring type
Wood, Tile
Roof type
Flat
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Cozette E. Hansen · License #49928
(505) 399-0538
Added: Oct 8, 2025
Changed: Jul 20
Last Checked: Jul 31 at 6:06AM
MLS# 202504492
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated office building offers a welcoming reception and waiting area with hardwood floors and viga ceilings. The front portion includes three windowed offices and two restrooms, including one ADA accessible restroom. An updated kitchen/breakroom features track lighting and modern appliances.
Toward the back, the layout includes a private office with an en suite restroom and hardwood floors, along with a large office or conference room that opens to a private, fenced, landscaped courtyard shaded by mature trees. Additional features include washer/dryer connections, abundant storage, and on-site parking.
The property is located in Santa Fe, New Mexico, on S St Francis Drive and is zoned C-1.
Toward the back, the layout includes a private office with an en suite restroom and hardwood floors, along with a large office or conference room that opens to a private, fenced, landscaped courtyard shaded by mature trees. Additional features include washer/dryer connections, abundant storage, and on-site parking.
The property is located in Santa Fe, New Mexico, on S St Francis Drive and is zoned C-1.
Key Highlights
- Renovated commercial property with reception and waiting area plus three windowed offices at the front
- Two restrooms, including one ADA accessible restroom
- Kitchen/breakroom with track lighting and modern appliances; includes tankless water heater
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $25.20 |
| − Vacancy | −$4.5k | −$2.14 |
| EGI | $48.6k | $23.06 |
| − OpEx | −$19.4k | −$9.22 |
| NOI | $29.1k | $13.83 |
2,107 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$416.4K
$364.4K – $485.8K
NOI $29,150 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$414.5K
$362.7K – $483.6K
NOI $29,013 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building includes reception area, multiple offices, ADA restroom, and a private fenced courtyard with mature trees.
Where is this office building located?
The property is located at 1315 S St Francis Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Renovated commercial property with reception and waiting area plus three windowed offices at the front; Two restrooms, including one ADA accessible restroom; Kitchen/breakroom with track lighting and modern appliances; includes tankless water heater
