Santa Fe Office
460 Saint Michaels Drive Santa Fe, NM 87505
460 Saint Michaels Drive, Santa Fe, NM, 87505
$209,160
For Sale
$209,160
SINGLE_FAMILY - Santa Fe, NM
Property Size664 SF
Lot Size0.02 Acres
Price / SF$315
Days on Market101
Property Features for 460 Saint Michaels Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Parking
- 2
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 980000990
- Size
- 664 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- UNIT 700 OFFICE COURT DEV II, LTD
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1995
- Flooring type
- Tile, Laminate
- Building materials
- Frame
- Roof type
- Membrane
Listing Agency
Office Court Companies
(505) 424-4600
460 St. Michael's Drive, Suite, Santa Fe, NM
Listed by
Kenneth Joseph · License #15913
(505) 660-5146
Added: Apr 8 Checked: Jul 17 at 1:06 pm
MLS# 202601458
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.
This 664 square foot office suite is located in Santa Fe, New Mexico. The suite features a large office, an open office area, and a separate reception area with a galley. The property benefits from numerous operable windows. Its location is near Christus St. Vincent's.
Key Highlights
- Outstanding location caddy corner from Christus St. Vincent's.
- Large Office, Open Office and Separate Reception area.
- Tons of operable windows.
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 | $14.3k | $21.60 |
| − Vacancy | −$2.2k | −$3.24 |
| EGI | $12.2k | $18.36 |
| − OpEx | −$3.0k | −$4.59 |
| NOI | $9.1k | $13.77 |
664 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$130.6K
$114.3K – $152.4K
NOI $9,143 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$180.3K
$157.8K – $210.4K
NOI $12,621 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office suite with reception area and operable windows.
Where is this office units located?
The property is located at 460 Saint Michaels Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $209,160.
What are key features of this property?
This property features: Outstanding location caddy corner from Christus St. Vincent's.; Large Office, Open Office and Separate Reception area.; Tons of operable windows.
