Office Suite with Private
For Sale
Contact for pricing
121 Sandoval Street #200, Santa Fe, NM 87501
A multi-room workspace includes an en suite restroom and assigned parking.
Property Size2,435 SF
Price / SF$1.75
Days on Market169
Property Features for 121 Sandoval Street #200
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Office
Additional Details
Property Use
Office
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: May 21
Changed: Nov 5
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 2,435-square-foot office suite contains eight private offices, a large conference room, storage, an en suite restroom, and a spacious reception area. Upgraded finishes, windows, and balconies are among the suite’s physical features. The building dates to 1971.
The property is at 121 Sandoval Street in Santa Fe, with assigned parking. The courthouse and lunch options are within walking distance.
The property is at 121 Sandoval Street in Santa Fe, with assigned parking. The courthouse and lunch options are within walking distance.
Key Highlights
- Eight private offices and a large conference room
- 2,435 square feet with reception area, storage, and an en suite restroom
- Balconies, windows, and upgraded finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,600
$670.6K
Cap Rate 7%
$479,000
$479.0K
Cap Rate 9%
$372,556
$372.6K
Market Conditions
NOI Build-Up for 2,435 SF
Gross rent
$52.6K $21.60/SF
− Vacancy
−$7.9K −$3.24/SF
EGI
$44.7K $18.36/SF
− OpEx
−$11.2K −$4.59/SF
NOI
$33.5K $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%
$670,600
Cap Rate 7%
$479,000
Cap Rate 9%
$372,556
Alternative Uses
Best Use
Office B
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 787.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.2K
$578.6K – $771.4K
NOI $46,284 @ 7.0% cap · market cap 1,086.48%
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
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 - A multi-room workspace includes an en suite restroom and assigned parking.
Where is this office unit located?
The property is located at 121 Sandoval Street #200 Santa Fe, NM.
What are key features of this property?
This property features: Eight private offices and a large conference room; 2,435 square feet with reception area, storage, and an en suite restroom; Balconies, windows, and upgraded finishes
