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    2861 Cerrillos Rd Santa Fe, NM 87507

    Sponsored
    For Lease
    $5,000 /Mo ($46 SF/Yr)

    COMMERCIAL - Santa Fe, NM

    Property size:
    1,300 SF
    Lot size:
    1.59 Acres
    Days on Market:
    189
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2861 Cerrillos Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-2
    APN
    011175808
    Size
    1,300 SF
    Lot size
    1.59 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1990

    Varela Real Estate, Inc. (505) 982-2525

    Listing agent Phillip Varela License #18075

    Listing date Jul 1, 2025

    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.

    Overview

    Retail Space on Cerrillos Road

    This retail corner space is available for lease on Cerrillos Road. The property, formerly a fast-food chain restaurant, offers a prime retail opportunity in a high-traffic location. The space provides exposure and accessibility for a variety of businesses. Located on Cerrillos Road, a commercial corridor with traffic counts exceeding 35,000 vehicles daily, the property is surrounded by national retailers, local businesses, and residential neighborhoods. The available space is approximately 1,300 square feet and features a storefront with signage potential and on-site parking for customers and staff. Zoned C-2 (Heavy Commercial), the property is suitable for a wide range of uses. The location offers proximity to St. Michael's Drive, Zafarano, and major intersections.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9893822
    Latitude
    35.6570226

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    FAQs

    What type of property is this?
    Retail space - High-visibility retail space with frontage on Cerrillos Road.
    Where is this retail space located?
    The property is located at 2861 Cerrillos Rd Santa Fe, NM.
    What is the lease rate?
    The lease rate is $46 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Cerrillos Road with over 35,000 vehicles daily.; - Flexible +/-1,300SF retail space with existing storefront and signage potential.; - Ample on-site parking for customers and staff.
    (505) 982-2525
    Request Owner's contact information
    2861 Cerrillos Rd Santa Fe, NM 87507
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    Santa Fe, NM 87507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2861 Cerrillos Rd Santa Fe, NM 87507
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