1226 Flagman, Santa Fe, NM 87505

1226 Flagman is a 5,182± SF two-story commercial building built in 2010 in a steel intermodal container architecture and comprehensively expanded and renovated between 2022 and 2025. The property includes an interior elevator and three separate electric meters, supporting flexible configurations as one unit, two units, or three independent units. A self-contained studio apartment is included with dedicated HVAC for a true live-work program, and the building offers three full restrooms plus a ½ bath. Additional improvements include two cisterns and updated fire and security systems. The property is offered with a 15,417± SF parcel and ownership of all improvements.

The offering is within the Santa Fe Railyard, specifically the Baca District, and is zoned BCD-RED within the Railyard Master Plan Baca subdistrict. The ground lease commenced in February 2008 with an initial 50-year term and four 10-year extension options, which provides a potential lease horizon through 2098. Current ground rent and CAM payable to the Railyard is $3,538/month.

For tenants, owners, or operators seeking a flexible live-work or multi-unit office arrangement, the combination of elevator service, independently metered utilities, and a dedicated-HVAC studio apartment supports a range of occupancy strategies. The inclusion of multiple restrooms and modernized fire and security systems is also practical for office and mixed-use operations within the Railyard.