Turnkey Restaurant Space on Cerrillos
1710 Cerrillos Santa Fe, NM 87505
1710 Cerrillos, Santa Fe, NM, 87505
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Santa Fe, NM
Property Size3,500 SF
Lot Size0.22 Acres
Price / SF$428.57
Days on Market56
Property Features for 1710 Cerrillos
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 018310116
- Size
- 3,500 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- T17N R9E S34, CAPITAL LAND & TOWNSITE ADDN, LOT 7-A, 0.261 AC
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1985
Listing agency
Varela Real Estate, Inc.
(505) 982-2525
Listed by
Phillip Varela · License #18075
(505) 982-2525
Added: May 29 Checked: Jul 23 at 12:06AM
MLS# 202602355
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 is a fully built-out restaurant space situated along one of Santa Fe's busiest commercial corridors, which sees over 45,000 cars passing per day. Located on Cerrillos Rd, the property benefits from exceptional visibility, strong traffic counts, and immediate proximity to Midtown, St. Michael's, and St. Francis. The restaurant features a Southwest style design and includes a full hood, three-compartment sinks, a walk-in refrigerator, multiple dining areas with fireplaces and a bar, a full kitchen, and two ADA-compliant bathrooms. The property has high-visibility frontage on Cerrillos Rd with strong signage potential and ample on-site parking for customers and staff. The flexible layout is suitable for dine-in, takeout, or hybrid service models. The large dining area features adaptable seating configurations, and back-of-house prep, storage, and service areas are already in place. The property provides easy access to major thoroughfares and established commercial activity. Positioned in the heart of Santa Fe's commercial corridor, the property benefits from constant daily traffic, nearby residential density, and a strong mix of complementary businesses. Cerrillos Rd is a reliable and high-performing location for food-service operators. The property, with a lot size of 0.22 acres and a property size of 3500 square feet, is ideal for restaurateurs, full dine-in, cafe operators, or investors seeking a high-exposure commercial asset.
Key Highlights
- Turnkey restaurant space with existing kitchen infrastructure including full hood, 3‑compartment sinks, and walk‑in refrigerator.
- High‑visibility Cerrillos Rd frontage with strong signage potential and over 45,000 cars passing daily.
- Ample on‑site parking for customers and staff.
Local Financial Insights For Specialty Retail
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 | $75.6k | $21.60 |
| − Vacancy | −$4.7k | −$1.34 |
| EGI | $70.9k | $20.26 |
| − OpEx | −$17.7k | −$5.07 |
| NOI | $53.2k | $15.20 |
3,500 SF · lease $21.60/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$759.8K
$664.8K – $886.4K
NOI $53,185 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Minerva Canna: Dispensary ...
(Bike/Boat/Book/etc) Store
Camba CBD Boutique
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Conventional restaurant - Fully built-out restaurant space with high visibility and strong traffic.
Where is this conventional restaurant located?
The property is located at 1710 Cerrillos Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Turnkey restaurant space with existing kitchen infrastructure including full hood, 3‑compartment sinks, and walk‑in refrigerator.; High‑visibility Cerrillos Rd frontage with strong signage potential and over 45,000 cars passing daily.; Ample on‑site parking for customers and staff.
