Ground-Level Live-Work
1012 Marquez Place 307A, Santa Fe, NM 87505
For Sale
$330,000
Flexible condominium space with a kitchen area, full bathroom, laundry appliances, and adaptable office or residential use.
Property Size678 SF
Price / SF$486.73
Days on Market61
Property Features for 1012 Marquez Place 307A
General Information
Standard status
Size
Space & Availability
Floor
Furnished
Additional Details
Public Transit
Listing Agency:
Corcoran Plaza Properties
(505) 982-4466
Listed By:
Ayden L. Gramm · License NM #53193
(310) 467-7017
Source:
Quailrunsothebys
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 10 at 8:19AM
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 Corcoran Plaza Properties
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Investment Insights
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This 678-square-foot, ground-level condominium at The Lofts at Marquez Place combines flexible live-work functionality with a contemporary interior. The unit includes a kitchen area, full bathroom, washer and dryer, stained concrete floors, high ceilings, and windows that bring natural light into the space. Its layout can accommodate office use, a residence, or a pied-à-terre, subject to applicable requirements.
The property is at 1012 Marquez Place in Santa Fe, positioned near Whole Foods, Trader Joe’s, the Railyard, the Railrunner commuter station, shops, and restaurants. The unit is located in the front portion of the loft community and offers a practical setting for professionals, creatives, publishers, designers, and small businesses.
The property is at 1012 Marquez Place in Santa Fe, positioned near Whole Foods, Trader Joe’s, the Railyard, the Railrunner commuter station, shops, and restaurants. The unit is located in the front portion of the loft community and offers a practical setting for professionals, creatives, publishers, designers, and small businesses.
Key Highlights
- 678‑square‑foot ground‑level condominium
- Live‑work layout with office, residential, and pied‑à‑terre use potential
- Kitchen area and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,336
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,720
$186.7K
Cap Rate 7%
$133,371
$133.4K
Cap Rate 9%
$103,733
$103.7K
Market Conditions
NOI Build-Up for 678 SF
Gross rent
$14.6K $21.60/SF
− Vacancy
−$2.2K −$3.24/SF
EGI
$12.4K $18.36/SF
− OpEx
−$3.1K −$4.59/SF
NOI
$9.3K $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%
$186,720
Cap Rate 7%
$133,371
Cap Rate 9%
$103,733
Alternative Uses
Best Use
Office B
$133.4K
$116.7K – $155.6K
NOI $9,336 @ 7.0% cap · market cap 2.83%
Second Best
Mixed Use
$90.1K
$78.9K – $105.2K
NOI $6,309 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$184.1K
$161.1K – $214.8K
NOI $12,887 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,999
Businesses Nearby
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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
$484,100
Median Home Value
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Market
Average Price Trend$/SF for Live-work space in Santa Fe, NM
Properties on Market for Live-work space in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible condominium space with a kitchen area, full bathroom, laundry appliances, and adaptable office or residential use.
Where is this live-work space located?
The property is located at 1012 Marquez Place 307A Santa Fe, NM.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 678‑square‑foot ground‑level condominium; Live‑work layout with office, residential, and pied‑à‑terre use potential; Kitchen area and full bathroom
