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    2882 Trades W Road Santa Fe, NM 87505

    View on Map
    Pending
    $1,800,000

    MULTI_FAMILY - Santa Fe, NM

    Property size:
    15,876 SF
    Lot size:
    0.76 Acres
    Added:
    Nov 14, 2025
    Days on Market:
    137
    Last Refresh:
    Mar 31 at 12:06 pm

    Property Features for 2882 Trades W Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    I-2
    Standard status
    Pending
    APN
    16006740
    Size
    15,876 SF
    Lot size
    0.76 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lot B as shown and delineated on Plat of Survey entitled "Boundary Survey Plat Prepared for Margaret L. Sandoval, Trustee of the John M. Immel Living Trust of Lot B..." filed for record April 2, 2004 as Document Number 1321259, appearing in Plat Book 555 at page 035, records of Santa Fe County, New Mexico.
    TaxAnnualAmount
    14468

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1979
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Tai Bixby
    Tai Bixby

    Listing agent Tai Bixby License #40315

    Listing office Real Estate Advisors, LLC 1227 Paseo de Peralta, Albuquerque, NM

    Listing date Nov 14, 2025

    MLS# 202505093

    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

    Santa Fe Industrial Flex Property

    Located in the Trades West industrial corridor of Santa Fe, this multi-tenant industrial property at 2882/2884 Trades West Road features multiple small-bay suites with grade-level access and ample parking. The functional workspaces are suitable for light industrial, craft production, trades, storage, distribution, and creative commercial uses. The property has historically maintained strong occupancy due to limited industrial supply in Santa Fe and consistent demand for smaller, affordable flex spaces. The tenants are currently operating under month-to-month leases, creating immediate flexibility for investors or owner-users. The property will be delivered with clean termination agreements and a fresh month to month lease, clearing the way for new leases at market rents or redevelopment to the buyer's needs. The property is positioned to capture continued demand from trades, service contractors, and small manufacturers. The configuration is ideal for trades and service tenants, with easy access to Siler Road, Cerrillos Rd, and St. Michael's Drive. It features twelve 10ft x 10ft roll-up doors and one 10ft x 20ft roll-up door. The property is located in one of Santa Fe's most established industrial hubs with a mix of industrial, craft, maker-space, and commercial service businesses. The I-2 Industrial Zoning allows for industrial, automotive, service contractors, trades, distribution, storage, manufacturing, office, retail, religious, and educational uses. The lot size is 0.76 acres and the property size is 15876 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Palate — 2603 Cerrillos Rd, Santa Fe, NM 87505
    • Peas 'N' Pod Catering — 1314 Apache Ave, Santa Fe, NM 87505
    • Marigold Kitchen — 1314 Rufina Cir A 3, Santa Fe, NM 87507
    • Casa Nova Custom Catering — 1314 Rufina Cir a7, Santa Fe, NM 87507

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9925316
    Latitude
    35.6606575

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant industrial property in Santa Fe's Trades West corridor.
    Where is this flex space located?
    The property is located at 2882 Trades W Road Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Rare industrial opportunity in Santa Fe with limited industrial supply and new construction.; Month‑to‑month tenancy provides immediate upside potential for re‑leasing at market rates or redevelopment.; High demand and low vacancy rates in Santa Fe's industrial market support rent growth and stable occupancy.
    (505) 577-3524
    We can help!
    Listing Contact
    Tai Bixby
    Tai Bixby
    Real Estate License ID: 40315
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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