Flexible Office Suite in Professional
1482 S St. Francis Drive Santa Fe, NM 87505
For Sale
$399,000
COMMERCIAL - Santa Fe, NM
Property Size2,562 SF
Price / SF$155.74
Days on Market138
Property Features for 1482 S St. Francis Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 18402643
- Size
- 2,562 SF
Taxes and HOA fees
- Tax Description
- T17N R9E S35, ST FRANCIS PROF. CENTER, LOT 23~, to be verified by title
Utilities
- Water source
- Public
Building Details
- Year built
- 1991
- Roof type
- Flat, Foam
Listing Agency:
Corcoran Plaza Properties
(505) 982-4466
Listed By:
Ayden L. Gramm · License #53193
(310) 467-7017
Added: Mar 9
Changed: Jul 12
Last Checked: Jul 24 at 10:06AM
MLS# 202600800
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 flexible office suite is located within the St. Francis Professional Center and was previously configured as two separate suites. The unit features seven private offices, two bathrooms, one kitchenette, two large storage rooms, and two waiting areas. One portion of the space was used as the larger suite with offices on two floors, including a kitchenette, bathroom, and waiting area, plus a very large multi-use storage area that can support open workspace needs.
The suite is described as well located within the complex with great visibility, offering an accessible setup for client-facing services. The existing interior arrangement provides distinct zones for reception and consultation, along with substantial storage for files and supplies.
The layout is practical for professional and wellness-oriented users that need a mix of private office space, client waiting areas, and back-of-house storage. It also suits buyers looking for a space that can operate as a unified office or be reconfigured back into two functional suites depending on staffing and workflow needs.
The suite is described as well located within the complex with great visibility, offering an accessible setup for client-facing services. The existing interior arrangement provides distinct zones for reception and consultation, along with substantial storage for files and supplies.
The layout is practical for professional and wellness-oriented users that need a mix of private office space, client waiting areas, and back-of-house storage. It also suits buyers looking for a space that can operate as a unified office or be reconfigured back into two functional suites depending on staffing and workflow needs.
Key Highlights
- Flexible office space in St. Francis Professional Center, formerly configured as two separate suites
- Total of 7 private offices with 2 bathrooms and 1 kitchenette
- Includes 2 large storage rooms plus 2 waiting areas
Financial Insights For Office B
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 | $55.3k | $21.60 |
| − Vacancy | −$8.3k | −$3.24 |
| EGI | $47.0k | $18.36 |
| − OpEx | −$11.8k | −$4.59 |
| NOI | $35.3k | $13.77 |
2,562 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$504.0K
$441.0K – $588.0K
NOI $35,279 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$695.7K
$608.7K – $811.6K
NOI $48,698 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Purchase a configurable office layout with multiple offices, two restrooms, and kitchenette in a professional center setting.
Where is this office units located?
The property is located at 1482 S St. Francis Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Flexible office space in St. Francis Professional Center, formerly configured as two separate suites; Total of 7 private offices with 2 bathrooms and 1 kitchenette; Includes 2 large storage rooms plus 2 waiting areas
