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    Move-in Ready Office Suite Title is generated by Realmo AI

    2945 Rodeo Park E, Santa Fe, NM 87505

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    For Lease
    $2,090/Mo $20 SF/Yr (calc)

    COMMERCIAL - Santa Fe, NM

    Type:Office
    Property size:
    1,254 SF
    Lot size:
    1.50 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    329
    Last Refresh:
    May 18 at 8:06 pm

    Property Features for 2945 Rodeo Park E

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    BIP
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    990002448
    Size
    1,254 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Description
    TRACT C-8, PHASE I, 1.505 AC, RODEO BUSINESS PARK SOUTH, S11 T16N R 9E

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2003
    Roof type
    Flat

    We can help!

    Listing Contact
    Neda Talebreza

    Listing agent Neda Talebreza License #50893

    Listing office Barker Realty, LLC 530 S Guadalupe St., Santa Fe, NM

    Listing date Jun 24, 2025

    MLS# 202502833

    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.

    HighLights

    • Move‑in ready office suite suitable for medical or office use.
    • Convenient location near I‑25 and Rail Runner with easy access.
    • Private entrance and lobby for each suite, ensuring a safe and professional environment.
    • Generously sized private offices with excellent natural light.
    • Dedicated street‑level parking.
    • Well‑maintained building with central air and forced air heating.

    Overview

    This move-in ready office suite provides a clean, professional environment suitable for medical or general office use. The suite includes a reception and waiting area, generously sized private offices, and numerous windows that provide natural light. Each suite features a private entrance and lobby, creating a secure and professional workspace. The two-story building is conveniently located near I-25 and the Rail Runner, offering easy access and dedicated street-level parking. The property is situated in a central location, making it accessible for both staff and clients. The lot size is 1.5 acres. The property is zoned BIP. The suite encompasses 1254 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northrop Grumman Travel Agency Benchmark Human Services Social Service Agency Vigil Enterprises Inc Architect Internal Revenue Service ... Government Office Horrocks General Contractor

    Suggested Use

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

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

    Similar Places Nearby

    • Kelly Jeannette M DVM — 2001 Vivigen Way B, Santa Fe, NM 87505
    • Dr. Caryn Reynolds Veterinary Cardiologist — 2001 Vivigen Way, Santa Fe, NM 87505
    • Veterinary Cancer Care — 2001 Vivigen Way Suite B, Santa Fe, NM 87505

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9602765
    Latitude
    35.6356257

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    FAQs

    What type of property is this?
    Medical Office Space - Professional office space with private entrance, convenient location, parking.
    Where is this medical office space located?
    The property is located at 2945 Rodeo Park E Santa Fe, NM.
    What is the lease rate?
    The lease rate is $2,090 /Mo.
    What are key features of this property?
    This property features: Move‑in ready office suite suitable for medical or office use.; Convenient location near I‑25 and Rail Runner with easy access.; Private entrance and lobby for each suite, ensuring a safe and professional environment.
    (505) 681-3870
    We can help!
    Listing Contact
    Neda Talebreza
    Real Estate License ID: 50893
    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.

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    2945 Rodeo Park E, Santa Fe, NM 87505
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