Retail Unit with Expansion
For Sale
$385,000
Pending
1005 Saint Francis Drive #113, Santa Fe, NM 87505
Natural light, an updated restroom, kitchenette, and two separate rooms support flexible commercial layouts.
Property Size1,376 SF
Days on Market49
Property Features for 1005 Saint Francis Drive #113
General Information
Standard status
Pending
Size
1,376 SF
Property subtype
Commercial
Amenities
updated restroom with kitchenette space
two separate rooms
Building Details
Year Built
1968
Listing Agency:
Barker Realty, LLC
Listed By:
Cozette Hansen · License #8348
(505) 399-0538
Source:
Lisaharris-realestate
Added: Aug 28
Changed: Oct 10
Last Checked: Oct 14 at 8:12PM
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 Barker Realty, LLC
Investment Insights
Based on property information with market context.
This retail unit at Crossroads Center contains 1,376 square feet with an open main sales area, approximately 11-foot ceilings, and substantial natural light. The interior includes an updated restroom with kitchenette space plus two separate rooms that can serve as offices, storage, or additional workspace. Development rights for approximately 800 additional square feet are included.
The property is positioned at 1005 Saint Francis Drive #113 in Santa Fe, at the convergence of S. St. Francis Drive and Cerrillos Road. Ample on-site parking supports customer and employee access, while neighboring businesses including AutoZone and Chipotle contribute to the established commercial setting. The building was constructed in 1968.
The property is positioned at 1005 Saint Francis Drive #113 in Santa Fe, at the convergence of S. St. Francis Drive and Cerrillos Road. Ample on-site parking supports customer and employee access, while neighboring businesses including AutoZone and Chipotle contribute to the established commercial setting. The building was constructed in 1968.
Key Highlights
- 1,376 SF retail unit at Crossroads Center
- Approximately 11‑foot ceiling heights in the main retail area
- Development rights for approximately 800 additional square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,450
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
$349.0K
Cap Rate 7%
$249,286
$249.3K
Cap Rate 9%
$193,889
$193.9K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$27.2K $19.80/SF
− Vacancy
−$2.3K −$1.68/SF
EGI
$24.9K $18.12/SF
− OpEx
−$7.5K −$5.44/SF
NOI
$17.5K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
Cap Rate 7%
$249,286
Cap Rate 9%
$193,889
Alternative Uses
Best Use
Retail
$249.3K
$218.1K – $290.8K
NOI $17,450 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.6K
$326.9K – $435.9K
NOI $26,155 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,228
Businesses Nearby
281k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 34%
Groceries 28%
Apparel 3%
Whole Foods Market
Groceries
37,075 visits/mo
0.2 miles
Trader Joe's
Groceries
32,224 visits/mo
0.3 miles
McDonald's
Dining
31,451 visits/mo
0.1 miles
Dollar Tree
Shops & Services
23,120 visits/mo
0.4 miles
Dunkin' Donuts
Dining
21,098 visits/mo
0.2 miles
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Natural light, an updated restroom, kitchenette, and two separate rooms support flexible commercial layouts.
Where is this retail space located?
The property is located at 1005 Saint Francis Drive #113 Santa Fe, NM.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,376 SF retail unit at Crossroads Center; Approximately 11‑foot ceiling heights in the main retail area; Development rights for approximately 800 additional square feet
