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    3570 Cerrillos Rd Santa Fe, NM 87507

    For Sale
    $2,000,000

    New restaurant on a 1.61-acre parcel in Santa Fe.

    Property size:
    3,053 SF
    Lot size:
    1.61 Acres

    Property Features for 3570 Cerrillos Rd

    General Information

    Size
    3,053 SF
    Lot size
    1.61 Acres

    Source: Secure Net Lease - Dallas Agent Kyle Varni

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

    Overview

    New Restaurant on Cerrillos Road

    This property features a brand new 20-year absolute NNN ground lease with 10% rental increases every 5 years in both the primary term and renewal options. Situated on an oversized 1.61-acre parcel on Cerrillos Rd, Santa Fe’s primary retail corridor, the location benefits from high traffic with over 41,100 vehicles per day. The surrounding area is a dense retail and institutional trade area anchored by numerous national brands including Target, Sam’s Club, and Walmart. Santa Fe, the capital and cultural center of New Mexico, attracts approximately 3 million annual visitors and $680 million in annual spending, and is ranked the #1 U.S. Travel Destination for 2025. The property is suitable for drive-through restaurants, restaurants, and retail properties. The building size is 3,053 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.0062858
    Latitude
    35.6454618

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    FAQs

    What type of property is this?
    Drive through restaurant - New restaurant on a 1.61-acre parcel in Santa Fe.
    Where is this drive through restaurant located?
    The property is located at 3570 Cerrillos Rd Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Brand new 20-year absolute NNN ground lease with 10% rental increases every 5 years; - Located on Cerrillos Rd, Santa Fe’s primary retail corridor with high traffic volume (41,100+ vehicles per day); - High-volume tourism and cultural market: Santa Fe attracts approx. 3 million annual visitors
    (469) 694-4189
    Request Owner's contact information
    3570 Cerrillos Rd Santa Fe, NM 87507
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    Santa Fe, NM 87507
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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
    3570 Cerrillos Rd Santa Fe, NM 87507
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