Industrial Warehouse with
For Sale
$4,200,000
1127 SILER PARK Lane, Santa Fe, NM 87507
CommercialSale, Santa Fe, NM
Property Size26,860 SF
Lot Size2.51 Acres
Price / SF$156.37
Days on Market952
Property Features for 1127 SILER PARK Lane
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
I-2
Zoning description
I2 General Industrial
Standard status
Active
APN
10514578
Size
26,860 SF
Lot size
2.51 Acres
Taxes and HOA fees
Tax Description
T17N R 9E S33 2.0373 AC D278 P727-750
Legal Description
T17N R 9E S33 2.0373 AC D278 P727-750
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1985
Listing Agency:
Keller Williams Realty
(505) 983-5151
Listed By:
Jasmine Sage · License #53297
(808) 359-4577
Added: Jan 18, 2024
Changed: Aug 19
Last Checked: Aug 27 at 9:06PM
MLS# 202400160
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.
The industrial warehouse at 1127 Siler Park Lane contains 26,860 square feet and was built in 1985. Approximately 4,000 square feet is configured as showroom space, providing a distinct customer-facing component within the larger facility. The property is currently occupied by Prescott Studios.
The building carries I-2 zoning and has a brand-new roof. Electrical infrastructure includes 5 transformers, supporting operations that require significant power capacity. Public water and public sewer serve the property, which is located in Santa Fe, NM 87507.
The building carries I-2 zoning and has a brand-new roof. Electrical infrastructure includes 5 transformers, supporting operations that require significant power capacity. Public water and public sewer serve the property, which is located in Santa Fe, NM 87507.
Key Highlights
- 26,860‑square‑foot warehouse built in 1985
- Approximately 4,000 square feet of showroom space
- I‑2 zoning supports the industrial property classification
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
$162,191
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
3.86%
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%
$3,243,820
$3.2M
Cap Rate 7%
$2,317,014
$2.3M
Cap Rate 9%
$1,802,122
$1.8M
Market Conditions
NOI Build-Up for 26,860 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
$206.3K $7.68/SF
− Vacancy
−$15.5K −$0.58/SF
EGI
$190.8K $7.10/SF
− OpEx
−$28.6K −$1.07/SF
NOI
$162.2K $6.04/SF
Area
Santa Fe County, NM
Vacancy
7.50%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
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%
$3,243,820
Cap Rate 7%
$2,317,014
Cap Rate 9%
$1,802,122
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,191 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,569 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$7.29M
$6.38M – $8.51M
NOI $510,555 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - I-2-zoned warehouse with substantial showroom space, public water and sewer, and upgraded roofing.
Where is this warehouse located?
The property is located at 1127 SILER PARK Lane Santa Fe, NM.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 26,860‑square‑foot warehouse built in 1985; Approximately 4,000 square feet of showroom space; I‑2 zoning supports the industrial property classification
