Live-Work Condominium with
1043 Don Diego #E, Santa Fe, NM 87505
For Sale
$569,000
C-1 zoning supports office and related commercial uses alongside residential occupancy.
Property Size1,640 SF
Price / SF$346.95
Days on Market99
Property Features for 1043 Don Diego #E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
HOA Fee
Amenities
Carpet Flooring
Concrete Flooring
Flat Roof
Parking Available
Tile Flooring
Building Details
Year Built
Listing Agency:
SOTHEBY'S INT. RE/GRANT
(505) 988-2533
Listed By:
MAYA HIERSOUX
(505) 479-0194
Source:
Corcoran
Added: Aug 4
Changed: Oct 10
Last Checked: Nov 10 at 8:31AM
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/GRANT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,640-square-foot condominium combines residential accommodations with a business-capable layout. Built in 1979, the property includes 3 bedrooms and 2 bathrooms, along with Santa Fe architectural details such as vigas, beamed ceilings, and a kiva fireplace. An updated kitchen, abundant natural light, a fenced private courtyard, and 2 designated parking spaces add practical functionality. The condominium association’s recorded CCR amendment allows business identification signage subject to Board approval.
Zoned C-1 for office and related commercial activity, the property supports professional and business offices, arts and crafts studios and galleries, medical and dental offices, banking, and other stated uses. Short-term rental use is permitted under city zoning with registration and no STR permit requirement. The address is near Trader Joe’s, Natural Grocers, CVS, Walgreens, Clafoutis French Bakery, Maria’s New Mexican Kitchen, Annapurna’s, and El Mercado Plaza.
Zoned C-1 for office and related commercial activity, the property supports professional and business offices, arts and crafts studios and galleries, medical and dental offices, banking, and other stated uses. Short-term rental use is permitted under city zoning with registration and no STR permit requirement. The address is near Trader Joe’s, Natural Grocers, CVS, Walgreens, Clafoutis French Bakery, Maria’s New Mexican Kitchen, Annapurna’s, and El Mercado Plaza.
Key Highlights
- 1,640‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- C‑1 zoning for office and related commercial uses
- Short‑term rental use permitted with city registration; no STR permit required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,583
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,660
$451.7K
Cap Rate 7%
$322,614
$322.6K
Cap Rate 9%
$250,922
$250.9K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$35.4K $21.60/SF
− Vacancy
−$5.3K −$3.24/SF
EGI
$30.1K $18.36/SF
− OpEx
−$7.5K −$4.59/SF
NOI
$22.6K $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%
$451,660
Cap Rate 7%
$322,614
Cap Rate 9%
$250,922
Alternative Uses
Best Use
Office B
$322.6K
$282.3K – $376.4K
NOI $22,583 @ 7.0% cap · market cap 3.97%
Second Best
Mixed Use
$218.0K
$190.8K – $254.3K
NOI $15,260 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,692
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
$484,100
Median Home Value
Market
Average Price Trend$/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 - C-1 zoning supports office and related commercial uses alongside residential occupancy.
Where is this live-work space located?
The property is located at 1043 Don Diego #E Santa Fe, NM.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,640‑square‑foot condominium with 3 bedrooms and 2 bathrooms; C‑1 zoning for office and related commercial uses; Short‑term rental use permitted with city registration; no STR permit required
