1915 Cerrillos Rd Santa Fe, NM 87505
SINGLE_FAMILY - Santa Fe, NM
Property Features for 1915 Cerrillos Rd
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C-2
- Parking
- 8
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 12822600
- Size
- 3,345 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- T17N R9E S34, SUNSET ADDITION, BLK 1, SOUTHERLY PORTION OF LOT 9, 0.216 AC to be verified by titleos
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1954
- Flooring type
- Tile
- Building materials
- Adobe, Frame
- Roof type
- Flat
Listing agent Paige B. Cochran License #50939 (505) 500-2041
Listing office Keller Williams Realty 130 Lincoln Ave, Ste. K, Santa Fe, NM (505) 983-5151
Listing date Feb 26, 2026
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.
The building is located on commercial frontage off Cerrillos Road in Santa Fe, within C-2 zoning. Public remarks note the property is positioned across the street from Toyota, Oil Stop, and El Rey Court, supporting walk-and-drive convenience for retail users.
With multiple unit configurations, the center can accommodate tenants seeking storefront space in a shared retail setting. Recent building improvements, along with targeted HVAC upgrades in two units, may help reduce near-term capital concerns for an operator or buyer evaluating the property’s immediate leasing flexibility.
Key Highlights
- High‑traffic commercial frontage on Cerrillos Road.
- Five individual units within the building.
- Fourteen parking spaces, including handicap accessibility.
Local Financial Insights For 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 | $66.2k | $19.80 |
| − Vacancy | −$5.6k | −$1.68 |
| EGI | $60.6k | $18.12 |
| − OpEx | −$18.2k | −$5.44 |
| NOI | $42.4k | $12.68 |
