3600 Cerrillos Road Santa Fe, NM 87507
SINGLE_FAMILY - Santa Fe, NM
- Added:
- Sep 15, 2025
- Days on Market:
- 301
- Last Refresh:
- Jul 12 at 3:06 pm
Property Features for 3600 Cerrillos Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-2
- Standard status
- Active
- APN
- 910000931
- Size
- 1,332 SF
Utilities
- Water source
- Public
Building Details
- Year built
- 1995
Listing agent John Shepler License #8936 (505) 660-5650
Listing office Shepler Commercial, LLC 301 N Guadalupe, Suite 205, Santa Fe, NM (505) 982-7600
Listing date Sep 15, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Investment property with existing tenants and current NOI of approximately $12,263 plus utilities.
- Potential to increase rental income; market suggests each office could lease for $600/month minimum.
- Flexibility to occupy the unit for live/work or other purposes due to month‑to‑month leases.
Local Financial Insights For Office B
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 | $28.8k | $21.60 |
| − Vacancy | −$4.3k | −$3.24 |
| EGI | $24.5k | $18.36 |
| − OpEx | −$6.1k | −$4.59 |
| NOI | $18.3k | $13.77 |
