Gallery-Centered Mixed-Use
For Sale
$10,000,000
1075 Paseo de Peralta, Santa Fe, NM 87505
SINGLE_FAMILY - Santa Fe, NM
Property Size21,500 SF
Lot Size1.75 Acres
Price / SF$465.12
Days on Market8
Property Features for 1075 Paseo de Peralta
General Information
Property type
Residential
Property subtype
Retail
Zoning
Historic,Other,RAC/AC,RC5
Zoning description
multi use
Parking
10
Directions
Corner of Paseo De Peralta and Acequia Madre
Standard status
Active
APN
13043999
Size
21,500 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Description
See title binder.
Legal Description
See title binder.
Utilities
Sewer type
Public Sewer
Water source
Well, Public, Private
Amenities
mature gardens
shaded pathways
tranquil pond
Building Details
Year built
1968
Building materials
Adobe, Frame
Roof type
Flat, Membrane, Tar/Gravel
Listing Agency:
Real Broker LLC.
(505) 557-4976
Listed By:
Paul Duran · License #02896
(505) 310-5566
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 11 at 10:06PM
MLS# 202603287
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 mixed-use compound includes a fine art gallery and five residences arranged across 21,500 square feet on 1.75 acres. The property’s physical character includes adobe and frame construction, a 1968 build date, mature gardens, shaded walkways, and a pond. Public sewer service and flat membrane and tar/gravel roofing are documented.
Located at 1075 Paseo de Peralta in Santa Fe’s Historic Eastside, the property brings gallery space and residential accommodations together within a single compound. Zoning designations include Historic, Other, RAC/AC, and RC5. The existing configuration presents a substantial property with both commercial and residential components, supported by established landscape features and a documented connection to Santa Fe’s art community.
Located at 1075 Paseo de Peralta in Santa Fe’s Historic Eastside, the property brings gallery space and residential accommodations together within a single compound. Zoning designations include Historic, Other, RAC/AC, and RC5. The existing configuration presents a substantial property with both commercial and residential components, supported by established landscape features and a documented connection to Santa Fe’s art community.
Key Highlights
- 21,500‑square‑foot mixed‑use compound on 1.75 acres
- Five residences incorporated into the property
- Fine art gallery included within the compound
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$294,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,899,800
$5.9M
Cap Rate 7%
$4,214,143
$4.2M
Cap Rate 9%
$3,277,667
$3.3M
Market Conditions
NOI Build-Up for 21,500 SF
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.
Gross rent
$559.9K $26.04/SF
− Vacancy
−$23.5K −$1.09/SF
EGI
$536.3K $24.95/SF
− OpEx
−$241.4K −$11.23/SF
NOI
$295.0K $13.72/SF
Area
Santa Fe County, NM
Vacancy
4.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,899,800
Cap Rate 7%
$4,214,143
Cap Rate 9%
$3,277,667
Alternative Uses
Best Use
Apartment 5plus
$4.21M
$3.69M – $4.92M
NOI $294,990 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$3.90M
$3.41M – $4.54M
NOI $272,661 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,672 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,211
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic property combines an art gallery, multiple residences, landscaped grounds, and a pond.
Where is this mixed-use property located?
The property is located at 1075 Paseo de Peralta Santa Fe, NM.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 21,500‑square‑foot mixed‑use compound on 1.75 acres; Five residences incorporated into the property; Fine art gallery included within the compound
