Windowed Office
For Sale
Contact for pricing
121 Sandoval Street #302, Santa Fe, NM 87501
Seven private offices, a conference room, and flexible open workspace support a range of office configurations.
Property Size4,285 SF
Price / SF$1.75
Days on Market212
Property Features for 121 Sandoval Street #302
General Information
Standard status
Active
Size
4,285 SF
Elevators
Yes
Property subtype
Office
Additional Details
Property Use
Office
Amenities
Secure Entry
Building Details
Year Built
1971
Listing Agency:
Office Court Companies
(505) 424-4600
Listed By:
Kenneth Joseph · License #15913
(505) 660-5146
Source:
1stclassrealtyofsantafe
Added: Apr 8
Changed: Nov 4
Last Checked: Nov 5 at 4:32AM
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 Office Court Companies
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,285-square-foot office unit includes seven private offices with windows, a conference room, open office area, break area, large reception space, and storage and IT rooms. A common restroom, elevator service, and secure entry are also provided. Built in 1971, the unit combines private work areas with shared support spaces.
Key Highlights
- 4,285‑square‑foot office unit
- Seven windowed private offices
- Conference room, open office area, and large reception space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,004
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,080
$1.2M
Cap Rate 7%
$842,914
$842.9K
Cap Rate 9%
$655,600
$655.6K
Market Conditions
NOI Build-Up for 4,285 SF
Gross rent
$92.6K $21.60/SF
− Vacancy
−$13.9K −$3.24/SF
EGI
$78.7K $18.36/SF
− OpEx
−$19.7K −$4.59/SF
NOI
$59.0K $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%
$1,180,080
Cap Rate 7%
$842,914
Cap Rate 9%
$655,600
Alternative Uses
Best Use
Office B
$842.9K
$737.6K – $983.4K
NOI $59,004 @ 7.0% cap · market cap 786.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,449 @ 7.0% cap · market cap 1,086.28%
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
4,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Seven private offices, a conference room, and flexible open workspace support a range of office configurations.
Where is this office unit located?
The property is located at 121 Sandoval Street #302 Santa Fe, NM.
What are key features of this property?
This property features: 4,285‑square‑foot office unit; Seven windowed private offices; Conference room, open office area, and large reception space
