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    Retail Unit in Crossroads Center Title is generated by Realmo AI

    1005 S Saint Francis #115, Santa Fe, NM 87505

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    Claim this Listing
    For Sale
    $350,000

    High-traffic retail unit for sale in Santa Fe.

    Type:Commercial
    Property size:
    1,669 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $209/SF
    Added:
    Feb 2, 2026
    Days on Market:
    145
    Last Refresh:
    Apr 5 at 9:19 pm

    Property Features for 1005 S Saint Francis #115

    General Information

    Standard status
    Active
    Size
    1,669 SF
    Lot size
    0.04 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

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    AMRITA REITZ

    Listing office GOLDEN SHIELD REALTY

    Listing date Feb 2, 2026

    Source Corcoran

    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 GOLDEN SHIELD REALTY

    HighLights

    • Prime retail investment opportunity in high‑traffic Crossroads Center.
    • Located on Santa Fe's busiest commercial corridor, S. St. Francis Drive.
    • 1,600 sq. ft. retail unit.
    • Suitable for owner‑users seeking high foot traffic.
    • Stable income potential for investors.
    • Anchored by major national tenants.

    Overview

    This is a 1,600 sq. ft. retail unit located in the Crossroads Center on S. St. Francis Drive. The property is situated on Santa Fe's busiest commercial corridor. It is suitable for owner-users seeking high foot traffic or for investors looking for stable income potential in a retail power center anchored by major national tenants.

    Local Financial Insights For Retail

    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 $33.0k $19.80
    − Vacancy −$2.8k −$1.68
    EGI $30.2k $18.12
    − OpEx −$9.1k −$5.44
    NOI $21.2k $12.68
    1,669 SF · lease $19.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $302.4K
    $264.6K – $352.8K (±1% cap)
    NOI $21,166 @ 7.0% cap · market cap 6.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $453.2K
    $396.6K – $528.7K (±1% cap)
    NOI $31,724 @ 7.0% cap · market cap 9.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.953
    Latitude
    35.6778

    FAQs

    What type of property is this?
    Retail space - High-traffic retail unit for sale in Santa Fe.
    Where is this retail space located?
    The property is located at 1005 S Saint Francis #115 Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime retail investment opportunity in high‑traffic Crossroads Center.; Located on Santa Fe's busiest commercial corridor, S. St. Francis Drive.; 1,600 sq. ft. retail unit.
    More about this property
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