Santa Fe Office with
1482 Saint Francis Santa Fe, NM 87505
1482 Saint Francis, Santa Fe, NM, 87505
$270,000
For Sale
$270,000
SINGLE_FAMILY - Santa Fe, NM
Property Size960 SF
Lot Size0.03 Acres
Price / SF$281.25
Days on Market221
Property Features for 1482 Saint Francis
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 018400313
- Size
- 960 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Description
- LOT 24 ST FRANCIS PROF CENTER HIPPAUF & ASSOC D/B/A T17N R 9E S35
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1988
- Building materials
- Frame
- Roof type
- Flat
Listing Agency
Varela Real Estate, Inc.
(505) 982-2525
1526 Cerrillos Road, Santa Fe, NM
Listed by
Phillip Varela · License #18075
(505) 982-2525
Added: Dec 8, 2025 Checked: Jul 17 at 1:06 pm
MLS# 202505326
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 commercial property offers flexible office space with strong signage potential. It features a prime location on St. Francis Drive, providing excellent visibility and access. The property includes three private offices plus a reception area and one ADA-compliant bathroom. Generous storage space is available, along with a 2-car carport and ample on-site parking. The property is conveniently situated near downtown and major commercial corridors. With 960 square feet of space on a lot size of 0.03 acres, this property is ideal for professional services, retail, or client-facing businesses. The zoning is C-1.
Key Highlights
- Prime location on St. Francis Drive with excellent visibility and access.
- Ample on‑site parking and 2‑car carport.
- Flexible office space suitable for professional services, retail, or client‑facing businesses.
Local 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 | $20.7k | $21.60 |
| − Vacancy | −$3.1k | −$3.24 |
| EGI | $17.6k | $18.36 |
| − OpEx | −$4.4k | −$4.59 |
| NOI | $13.2k | $13.77 |
960 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$188.8K
$165.2K – $220.3K
NOI $13,219 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Flexible office space near downtown with ample parking.
Where is this office units located?
The property is located at 1482 Saint Francis Santa Fe, NM.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Prime location on St. Francis Drive with excellent visibility and access.; Ample on‑site parking and 2‑car carport.; Flexible office space suitable for professional services, retail, or client‑facing businesses.
