School Property with Detached
For Sale
$995,000
400 Brunn School Road, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size4,560 SF
Lot Size2.16 Acres
Price / SF$218.20
Days on Market220
Property Features for 400 Brunn School Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-1, 2, 3, 4, 5, 6
Parking
5
Directions
South on Brunn School Road to the sign on the left that says The Tutorial School
Standard status
Active
APN
11320448
Size
4,560 SF
Lot size
2.16 Acres
Taxes and HOA fees
Tax Description
T17N R9E S35, TRACT B, 2.160 AC~
Legal Description
T17N R9E S35, TRACT B, 2.160 AC~
Utilities
Sewer type
Public Sewer
Water source
Well
Building Details
Year built
1980
Building materials
Adobe, Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty
(505) 983-5151
Listed By:
Tara P. Woodruff · License #51489
(505) 382-1110
Added: Mar 2
Changed: Sep 17
Last Checked: Oct 8 at 2:06AM
MLS# 202600757
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.
Located at 400 Brunn School Road in Santa Fe, this school property contains approximately 4,560 square feet across a 3,060-square-foot main building and a detached 1,500-square-foot casita and studio. The improvements date to 1980 and include adobe and frame construction, a metal roof, well water, and public sewer service.
The 2.16-acre site carries R-1, 2, 3, 4, 5, and 6 zoning and is described as allowing up to 8 residential units, including 2 designated as affordable housing. Existing buildings and the detached structure provide a basis for adaptive reuse, residential conversion, or phased site planning, subject to applicable approvals.
The 2.16-acre site carries R-1, 2, 3, 4, 5, and 6 zoning and is described as allowing up to 8 residential units, including 2 designated as affordable housing. Existing buildings and the detached structure provide a basis for adaptive reuse, residential conversion, or phased site planning, subject to applicable approvals.
Key Highlights
- 2.16‑acre property at 400 Brunn School Road, Santa Fe, NM 87505
- Approximately 4,560 square feet across two structures
- Main building measures approximately 3,060 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,565
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,300
$1.3M
Cap Rate 7%
$893,786
$893.8K
Cap Rate 9%
$695,167
$695.2K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$118.7K $26.04/SF
− Vacancy
−$5.0K −$1.09/SF
EGI
$113.8K $24.95/SF
− OpEx
−$51.2K −$11.23/SF
NOI
$62.6K $13.72/SF
Area
Santa Fe County, NM
Vacancy
4.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,300
Cap Rate 7%
$893,786
Cap Rate 9%
$695,167
Alternative Uses
Best Use
Apartment 5plus
$893.8K
$782.1K – $1.04M
NOI $62,565 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,676 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - Former school campus with separate living and studio space, residential zoning, and public sewer service.
Where is this school located?
The property is located at 400 Brunn School Road Santa Fe, NM.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2.16‑acre property at 400 Brunn School Road, Santa Fe, NM 87505; Approximately 4,560 square feet across two structures; Main building measures approximately 3,060 square feet
