Mixed-Use Restaurant and Office
222 N Guadalupe Street Santa Fe, NM 87501
For Sale
$795,000
MULTI_FAMILY - Santa Fe, NM
Property Size3,709 SF
Lot Size0.15 Acres
Price / SF$214.34
Days on Market106
Property Features for 222 N Guadalupe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BCD
- Standard status
- Active
- APN
- 10193024
- Size
- 3,709 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- LOTS 17 & 17A
Utilities
- Water source
- Public
Building Details
- Year built
- 1950
Listing Agency:
Shepler Commercial, LLC
(505) 982-7600
Listed By:
John Shepler · License #8936
(505) 660-5650
Added: Apr 9
Changed: Jun 30
Last Checked: Jul 23 at 9:06PM
MLS# 202601475
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 mixed-use property includes a ground-floor restaurant totaling 1,891 square feet. An office and/or studio area is located upstairs, totaling 434 square feet. In the back, there is a 692-square-foot residential unit, with storage beneath the residential space also totaling 692 square feet.
The building is zoned BCD. The property is currently occupied by Remix Audio Bar, described as a coffee house and ramen concept. Public remarks also note prior restaurant use at the site, previously operating as Fire and Hops Restaurant and earlier as Tulips Restaurant.
For tenants, operators, or buyers seeking an owner-occupy or multi-use setup, the configuration supports on-site food service along with separate office/studio and residential space. Public remarks provide an approximately $58,164 per year gross income figure, with taxes estimated at approximately $6,726 per year and insurance estimated at approximately $3,600 per year, based on available information. This allows prospective buyers to evaluate the property’s existing income components alongside its three distinct functional areas.
The building is zoned BCD. The property is currently occupied by Remix Audio Bar, described as a coffee house and ramen concept. Public remarks also note prior restaurant use at the site, previously operating as Fire and Hops Restaurant and earlier as Tulips Restaurant.
For tenants, operators, or buyers seeking an owner-occupy or multi-use setup, the configuration supports on-site food service along with separate office/studio and residential space. Public remarks provide an approximately $58,164 per year gross income figure, with taxes estimated at approximately $6,726 per year and insurance estimated at approximately $3,600 per year, based on available information. This allows prospective buyers to evaluate the property’s existing income components alongside its three distinct functional areas.
Key Highlights
- Restaurant space (1891 sf) with established business history.
- Additional Office/Studio space upstairs (434 sf).
- Residential unit in the back (692 sf) with storage space underneath (692 sf).
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 | $80.1k | $21.60 |
| − Vacancy | −$5.0k | −$1.34 |
| EGI | $75.1k | $20.26 |
| − OpEx | −$18.8k | −$5.07 |
| NOI | $56.4k | $15.20 |
3,709 SF · lease $21.60/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$805.1K
$704.5K – $939.3K
NOI $56,360 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,501 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Remix Audio Bar
Cafe & Coffee Shop
Similar Off Market Nearby
- Downtown Subscription — 376 Garcia St, Santa Fe, NM 87501
- Alcalde Cruizen Cuisine — 518 Old Santa Fe Trail, Santa Fe, NM 87505
- Modern General Feed & Seed — 637 Cerrillos Rd, Santa Fe, NM 87505
- Starbucks — 907 S St Francis Dr, Santa Fe, NM 87505
- WFM Coffee & Juice Bar — 753 Cerrillos Rd, Santa Fe, NM 87505
FAQs
What type of property is this?
Coffee shop - Restaurant space on the ground floor with office/studio and a rear residential unit for diversified mixed-use operations.
Where is this coffee shop located?
The property is located at 222 N Guadalupe Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Restaurant space (1891 sf) with established business history.; Additional Office/Studio space upstairs (434 sf).; Residential unit in the back (692 sf) with storage space underneath (692 sf).
