Professional Office Condo with
103 S St Francis Drive Santa Fe, NM 87501
103 S St Francis Drive, Santa Fe, NM, 87501
$555,000
For Sale
$555,000
SINGLE_FAMILY - Santa Fe, NM
Property Size1,384 SF
Lot Size0.03 Acres
Price / SF$401.01
Days on Market177
Property Features for 103 S St Francis Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-4
- Parking
- 3
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 099303494
- Size
- 1,384 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Description
- UNIT B, PLACITA DEL RIO BUSINESS PARK CONDOMINIUM, S23 T17N R9E
Utilities
- Water source
- Public
Building Details
- Year built
- 2009
Listing Agency
Barker Realty, LLC
(505) 982-9836
530 S Guadalupe St., Santa Fe, NM
Listed by
Andrea F. Lucero · License #40551
(505) 780-0311
Added: Jan 21 Checked: Jul 17 at 10:06 am
MLS# 202600141
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This middle-unit professional office condo is located within a three-unit complex and is configured to support client-facing operations. The interior includes a spacious reception and waiting area with natural light, along with a flexible layout that can accommodate up to four private offices. Additional features include a kitchenette and a private bathroom, and the building includes a covered brick walkway with wood vigas that supports accessibility and arrival.
The property is situated along the Santa Fe River at the intersection of St. Francis Dr. and W. Alameda in Santa Fe. Visibility along St. Francis Dr. is noted, and the parking lot provides a total of 11 spaces across the complex, including three designated for Unit B, one shared ADA space, and one shared space.
For medical, legal, therapy, healing arts, or general professional use, the combination of a dedicated reception area, private offices, and internal support space (kitchenette and private bath) can help organize both appointments and day-to-day work. The listing also notes there are no COA dues, and that insurance is split among the three units.
The property is situated along the Santa Fe River at the intersection of St. Francis Dr. and W. Alameda in Santa Fe. Visibility along St. Francis Dr. is noted, and the parking lot provides a total of 11 spaces across the complex, including three designated for Unit B, one shared ADA space, and one shared space.
For medical, legal, therapy, healing arts, or general professional use, the combination of a dedicated reception area, private offices, and internal support space (kitchenette and private bath) can help organize both appointments and day-to-day work. The listing also notes there are no COA dues, and that insurance is split among the three units.
Key Highlights
- High‑traffic location on St. Francis Dr. and W. Alameda, offering excellent visibility and accessibility.
- Flexible floor plan suitable for various professional uses with potential for four private offices.
- Spacious reception/waiting area with abundant natural light.
Local Financial Insights For Healthcare Medical
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 | $34.9k | $25.20 |
| − Vacancy | −$3.0k | −$2.14 |
| EGI | $31.9k | $23.06 |
| − OpEx | −$12.8k | −$9.22 |
| NOI | $19.1k | $13.83 |
1,384 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$273.5K
$239.3K – $319.1K
NOI $19,147 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$272.3K
$238.2K – $317.6K
NOI $19,058 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - A middle-unit office condo with reception area, kitchenette, private bath, and dedicated parking options for client-friendly operations.
Where is this office units located?
The property is located at 103 S St Francis Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: High‑traffic location on St. Francis Dr. and W. Alameda, offering excellent visibility and accessibility.; Flexible floor plan suitable for various professional uses with potential for four private offices.; Spacious reception/waiting area with abundant natural light.
