Office Suite with Private
For Sale
Contact for pricing
121 Sandoval Street #201, Santa Fe, NM 87501
A flexible office layout combines private rooms, built-in workstations, reception, and a dry galley.
Property Size1,146 SF
Price / SF$1.31
Days on Market351
Property Features for 121 Sandoval Street #201
General Information
Standard status
Active
Size
1,146 SF
Elevators
Yes
Property subtype
Office
Additional Details
Property Use
Office
Amenities
dry galley
lots of windows
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: Nov 20, 2025
Changed: Nov 5
Last Checked: Nov 5 at 4:31AM
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 1,146-square-foot office suite features two private offices, four built-in workstations, a reception area, and a dry galley. Windows bring natural light into the workspace, and secure elevator access serves the suite. The building dates to 1971.
Located at 121 Sandoval Street in Santa Fe, the property is positioned within walking distance of amenities.
Located at 121 Sandoval Street in Santa Fe, the property is positioned within walking distance of amenities.
Key Highlights
- 1,146‑square‑foot office suite
- Two private offices and four built‑in workstations
- Reception area and dry galley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,780
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,600
$315.6K
Cap Rate 7%
$225,429
$225.4K
Cap Rate 9%
$175,333
$175.3K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$24.8K $21.60/SF
− Vacancy
−$3.7K −$3.24/SF
EGI
$21.0K $18.36/SF
− OpEx
−$5.3K −$4.59/SF
NOI
$15.8K $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%
$315,600
Cap Rate 7%
$225,429
Cap Rate 9%
$175,333
Alternative Uses
Best Use
Office B
$225.4K
$197.3K – $263.0K
NOI $15,780 @ 7.0% cap · market cap 1,052.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.2K
$272.3K – $363.1K
NOI $21,783 @ 7.0% cap · market cap 1,452.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office layout combines private rooms, built-in workstations, reception, and a dry galley.
Where is this office unit located?
The property is located at 121 Sandoval Street #201 Santa Fe, NM.
What are key features of this property?
This property features: 1,146‑square‑foot office suite; Two private offices and four built‑in workstations; Reception area and dry galley
