Ground-Level Mixed-Use
1012 Marquez #203A, Santa Fe, NM 87505
For Sale
$335,000
Flexible two-room layout with residential, office, and live-work applications.
Property Size700 SF
Price / SF$478.57
Days on Market96
Property Features for 1012 Marquez #203A
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Amenities
open parking
stained concrete floors
tankless hot water heater
Top up/bottom down Hunter Douglas blinds
radiant in floor heat
mini splits
high ceiling
washer/dryer hook-up
big windows
Concrete Flooring
Flat Roof
Parking Available
Parking Lot
Building Details
Year Built
Listing Agency:
SOTHEBY'S INT. RE - RAILYARD
(505) 982-9836
Listed By:
SABINE ANDRAUD · License NM #39019
(505) 983-0323
Source:
Corcoran
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 10 at 8:18AM
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 SOTHEBY'S INT. RE - RAILYARD
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 700-square-foot ground-level unit at The Lofts at Marquez Place combines adaptable interior space with updated finishes. The layout includes two rooms suitable for bedrooms, offices, or other configurations, along with a remodeled 3/4 bathroom featuring a tiled walk-in shower. The kitchen has been updated with a refrigerator, dishwasher, and solid-surface stone counters. Stained concrete floors, high ceilings, large windows, Hunter Douglas blinds, and radiant in-floor heat add to the interior features. Heating and cooling are supplemented by mini splits, while a 2021 tankless water heater and washer/dryer hookups provide additional utility.
The property is zoned Residential/Commercial/live work/multi-use and offers open parking in the lot. The unit is near Whole Foods, Trader Joe’s, shops, restaurants, and the Railrunner. Association dues cover the roof, stucco, common-area landscaping, common-area insurance, parking lot maintenance, trash, and recycling.
The property is zoned Residential/Commercial/live work/multi-use and offers open parking in the lot. The unit is near Whole Foods, Trader Joe’s, shops, restaurants, and the Railrunner. Association dues cover the roof, stucco, common-area landscaping, common-area insurance, parking lot maintenance, trash, and recycling.
Key Highlights
- 700 SF ground‑level unit at The Lofts at Marquez Place
- Zoned Residential/Commercial/live work/multi‑use
- Two flexible rooms plus remodeled 3/4 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,639
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,780
$192.8K
Cap Rate 7%
$137,700
$137.7K
Cap Rate 9%
$107,100
$107.1K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$15.1K $21.60/SF
− Vacancy
−$2.3K −$3.24/SF
EGI
$12.9K $18.36/SF
− OpEx
−$3.2K −$4.59/SF
NOI
$9.6K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,780
Cap Rate 7%
$137,700
Cap Rate 9%
$107,100
Alternative Uses
Best Use
Office B
$137.7K
$120.5K – $160.7K
NOI $9,639 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$93.0K
$81.4K – $108.6K
NOI $6,513 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$190.1K
$166.3K – $221.8K
NOI $13,306 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,999
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
$484,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Santa Fe, NM
Properties on Market for Mixed-use properties in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible two-room layout with residential, office, and live-work applications.
Where is this mixed-use property located?
The property is located at 1012 Marquez #203A Santa Fe, NM.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 700 SF ground‑level unit at The Lofts at Marquez Place; Zoned Residential/Commercial/live work/multi‑use; Two flexible rooms plus remodeled 3/4 bathroom
