Live/Work End-Cap Office
For Sale
$261,000
1001-3600 Cerrillos Rd, Santa Fe, NM 87505
Ground-floor end-cap suite with four tenant offices and month-to-month leases, supported by on-site parking.
Property SizeContact for details
Days on Market328
Property Features for 1001-3600 Cerrillos Rd
General Information
Standard status
Active
Financials
Cap Rate
7%
Business Included
Yes
Additional Details
Office Units
4
Building Details
Tenancy
Multi
Listing Agency:
Shepler Commercial, LLC
(505) 660-5650
Listed By:
John Shepler · License #8936
(505) 660-5650
Source:
Exprealty
Added: Sep 29, 2025
Changed: Aug 20
Last Checked: Aug 21 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shepler Commercial, LLC
Investment Insights
Based on property information with market context.
The Lofts at Santa Fe offers a live/work concept that has matured into a mix of live/work, residential, and commercial investment spaces. This ground-floor unit has operated as investment real estate for the current owner and is configured as an office arrangement. The space is currently occupied by four tenants, and each tenant has their own office.
This unit is an end-cap configuration within the Cerrillos Lofts, and the property provides ample parking throughout. The current leases are described as largely month-to-month, which creates flexibility for a new owner depending on their intended use.
From a tenant or owner-operator standpoint, the existing office setup supports professional use, while the live/work framing can align with occupants who value a combination of work and personal space within the same community. The current reported NOI is roughly $12,263 plus utilities, and the remarks also reference taxes, insurance, and HOA expenses in the range provided. As marketed, the month-to-month nature of the leases may allow a new owner to consider either retaining the tenant mix or transitioning the suite for personal use, subject to the terms of each tenancy.
This unit is an end-cap configuration within the Cerrillos Lofts, and the property provides ample parking throughout. The current leases are described as largely month-to-month, which creates flexibility for a new owner depending on their intended use.
From a tenant or owner-operator standpoint, the existing office setup supports professional use, while the live/work framing can align with occupants who value a combination of work and personal space within the same community. The current reported NOI is roughly $12,263 plus utilities, and the remarks also reference taxes, insurance, and HOA expenses in the range provided. As marketed, the month-to-month nature of the leases may allow a new owner to consider either retaining the tenant mix or transitioning the suite for personal use, subject to the terms of each tenancy.
Key Highlights
- Ground‑floor end‑cap suite at Cerrillos Lofts with four separate tenant offices.
- Currently occupied by 4 tenants; each tenant has their own office space.
- Leases are month‑to‑month, giving a new owner flexibility to use the space or re‑lease tenants.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,845
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Ground-floor end-cap suite with four tenant offices and month-to-month leases, supported by on-site parking.
Where is this live-work space located?
The property is located at 1001-3600 Cerrillos Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $261,000.
What are key features of this property?
This property features: Ground‑floor end‑cap suite at Cerrillos Lofts with four separate tenant offices.; Currently occupied by 4 tenants; each tenant has their own office space.; Leases are month‑to‑month, giving a new owner flexibility to use the space or re‑lease tenants.
