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South Capitol Live/Work Condo

1012 Marquez Place #206B Santa Fe, NM 87505

1012 Marquez Place #206B, Santa Fe, NM, 87505

$488,000

For Sale

$488,000

Contemporary condo in desirable location with mountain views and modern amenities.

Property Size1,159 SF

Price / SF$421.05

AddedNov 7, 2025

Days on Market250

Last RefreshApr 5 at 9:15 pm

Property Features for 1012 Marquez Place #206B

General Information

Standard status: Active
Size: 1,159 SF
Property subtype: Commercial

Building Details

Year Built: 2004

Listing office Santa Fe - Washington

Listing date Nov 7, 2025

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 Santa Fe - Washington

Investment Insights

Based on property information with market context.

This contemporary live/work condo is located in the South Capitol neighborhood, within walking distance of the Santa Fe Plaza and less than a mile from the Railyard District. The property offers convenient access to Whole Foods, Trader Joe’s, Natural Grocers, restaurants, and local amenities. This two-level, second-floor residence features 1 bedroom and 2 baths (1 full, 1 half) and is situated at the back of the complex. The condo features expansive windows with views of the Sangre de Cristo Mountains, clerestory windows, and 17’ ceilings. The open floor plan includes a modern kitchen, concrete floors with in-floor radiant heat, and a new evaporative cooler. A spacious deck extends from the living area, providing an outdoor living space with mountain views. The upstairs lofted bedroom includes closet space, a ¾ bath with a steam shower, and stackable laundry. The property size is 1159 square feet.

Key Highlights

Highly desirable South Capitol location, walking distance to Santa Fe Plaza.
Live/work condo with mountain views and a spacious deck.
Light‑filled with expansive and clerestory windows, plus soaring 17' ceilings.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.0k	$21.60
− Vacancy	−$3.8k	−$3.24
EGI	$21.3k	$18.36
− OpEx	−$5.3k	−$4.59
NOI	$16.0k	$13.77

1,159 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$228.0K

$199.5K – $266.0K (±1% cap)

NOI $15,959 @ 7.0% cap · market cap 3.27%

Second Best

Mixed Use

$154.1K

$134.8K – $179.7K (±1% cap)

NOI $10,784 @ 7.0% cap · market cap 2.21%

Theoretical Best

Office A

$314.7K

$275.4K – $367.2K (±1% cap)

NOI $22,030 @ 7.0% cap · market cap 4.51%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rise Speech Language ... Physician Thermal Paper Plus Distribution Center Morse Nesha Physician John Evaldson MD Counselor Tahlia Rainbolt PhD Physician

Suggested Use

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For sale
Live-work space
NM
Santa Fe
87505
1012 Marquez Place #206B

What type of property is this?

Live-work space - Contemporary condo in desirable location with mountain views and modern amenities.

Where is this live-work space located?

The property is located at 1012 Marquez Place #206B Santa Fe, NM.

What is the asking price?

The asking price for this property is $488,000.

What are key features of this property?

This property features: Highly desirable South Capitol location, walking distance to Santa Fe Plaza.; Live/work condo with mountain views and a spacious deck.; Light‑filled with expansive and clerestory windows, plus soaring 17' ceilings.