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    1005 S Saint Francis Dr Santa Fe, NM 87505

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    For Sale
    $3,300,000

    Restaurant condo unit with patio and development rights for sale.

    Property size:
    5,015 SF
    Lot size:
    0.67 Acres

    Property Features for 1005 S Saint Francis Dr

    General Information

    Size
    5,015 SF
    Lot size
    0.67 Acres

    Source: REA Real Estate Advisors Agent Tai Bixby CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Building with Development Rights

    This offering features an existing 5,051-square-foot restaurant building, identified as Condo Unit A, complemented by an approximately 1,100-square-foot patio. The sale includes the existing condo unit along with reserved development rights that cover a parking area, which has the potential for conversion into additional condominium units. Situated on a high-traffic corner at the intersection of St Francis Drive and Cerillos Road, the location benefits from approximately 72,000 vehicles per day. The property is located within a dense commercial corridor, near Whole Foods, Trader Joe's, Walgreens, CVS, and numerous other national credit businesses. The BCD (Cerrillos Subdistrict) zoning permits a variety of commercial uses, including retail, banking, restaurants, drive-through facilities, quick-service restaurants, hospitality, and office spaces. The maximum development height allowed is 45 feet. Note that residential use is not permitted according to condominium rules. The property is intended for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Open Kitchen Santa Fe

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9525292
    Latitude
    35.6778051

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    FAQs

    What type of property is this?
    Restaurant - Restaurant condo unit with patio and development rights for sale.
    Where is this restaurant located?
    The property is located at 1005 S Saint Francis Dr Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - High-traffic corner location at St Francis & Cerillos Rd with 72,000 VPD±.; - Includes existing 5,051sf± restaurant building (Condo Unit A) with a 1,100sf± patio.; - Reserved development rights to convert the parking area into additional condominium units.
    (505) 577-3524
    Request Owner's contact information
    1005 S Saint Francis Dr Santa Fe, NM 87505
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    Santa Fe, NM 87505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 S Saint Francis Dr Santa Fe, NM 87505
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