Crafted Short-Term Rental
For Sale
$834,900
929 Shoofly Street, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size2,128 SF
Lot Size0.05 Acres
Price / SF$392.34
Days on Market74
Property Features for 929 Shoofly Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
BCD
Parking
2
Directions
St Francis to Cerrillos Rd to Railfan Rd. Left on Flagman Way. Right on Shoofly. Property is on your left.
Standard status
Active
APN
99313903
Size
2,128 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
To be provided by title binder.
Legal Description
To be provided by title binder.
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Flooring type
Tile, Wood
Building materials
Frame
Roof type
Flat
Listing Agency:
Keller Williams Realty
(505) 983-5151
Listed By:
Tara P. Woodruff · License #51489
(505) 382-1110
Added: Jul 27
Changed: Oct 7
Last Checked: Oct 8 at 2:06AM
MLS# 202603305
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 2,128-square-foot short-term rental property at 929 Shoofly Street, Unit B, is under construction with a projected 2026 build year. The residence combines gathering areas with private suites and includes a gourmet kitchen featuring custom cabinetry, imported natural stone, and designer finishes. Reclaimed wood, artisan ironwork, petrified wood, agate, lapis, and other handcrafted materials contribute to the interior design. Wood and tile flooring, a flat roof, frame construction, public water, and public sewer are specified.
The property is situated in Santa Fe near the Plaza, Canyon Road, and the Railyard District. The 0.05-acre site is served by public utilities and is identified with BCD zoning. The layout and finish package are presented as a furnished-hospitality-oriented residential asset within the city's short-term rental market.
The property is situated in Santa Fe near the Plaza, Canyon Road, and the Railyard District. The 0.05-acre site is served by public utilities and is identified with BCD zoning. The layout and finish package are presented as a furnished-hospitality-oriented residential asset within the city's short-term rental market.
Key Highlights
- 2,128‑square‑foot short‑term rental property at 929 Shoofly Street, Unit B
- Under construction with a 2026 build year
- Gourmet kitchen with custom cabinetry and imported natural stone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,197
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,940
$583.9K
Cap Rate 7%
$417,100
$417.1K
Cap Rate 9%
$324,411
$324.4K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$55.4K $26.04/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$53.1K $24.95/SF
− OpEx
−$23.9K −$11.23/SF
NOI
$29.2K $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%
$583,940
Cap Rate 7%
$417,100
Cap Rate 9%
$324,411
Alternative Uses
Best Use
Apartment 5plus
$417.1K
$365.0K – $486.6K
NOI $29,197 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.8K
$505.6K – $674.2K
NOI $40,449 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Under-construction Santa Fe property with custom finishes, private suites, and a gourmet kitchen.
Where is this short term rental property located?
The property is located at 929 Shoofly Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $834,900.
What are key features of this property?
This property features: 2,128‑square‑foot short‑term rental property at 929 Shoofly Street, Unit B; Under construction with a 2026 build year; Gourmet kitchen with custom cabinetry and imported natural stone
