Santa Fe Live-Work Flex
96A Metro Blvd Santa Fe, NM 87508
For Sale
$375,000
Pending
Versatile live-work flex space on industrial-zoned land with expansion potential.
Property Size2,609 SF
Lot Size0.06 Acres
Days on Market593
Property Features for 96A Metro Blvd
General Information
- Standard status
- Pending
- Size
- 2,609 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2003
Listing Agency:
Real Broker LLC
(505) 710-5478
Listed By:
Jeremiah Collins · License #16694
(505) 710-5478
Source:
Exitrealty
Added: Dec 11, 2024
Changed: Jul 10
Last Checked: Jul 27 at 5:00AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 2,609 sq. ft. flex space in Santa Fe presents a live-work opportunity with expansion possibilities. Situated on approximately 0.65 acres of industrial-zoned land with water rights, the property offers potential for business, living space with expansion, or customization. It features 3-phase electricity, a fully fenced yard, ample parking, and separate entrances. The adaptable interior layout includes a kitchen or break room, stained concrete floors, storage or studio space, high-speed internet, security systems, a utility room, office space, and two bathrooms. Multiple rooms provide flexible usage options. The industrial zoning allows for manufacturing, distribution, professional offices, and living space. Located near I-25 and 599, the property provides access to dining, shopping, and cultural attractions.
Key Highlights
- Versatile 2,609 sq. ft. flex space on .65 acres of industrial‑zoned land with water rights, offering live/work possibilities and expansion potential.
- Industrial zoning allows for diverse uses including manufacturing, distribution, professional offices, and living space.
- Features 3‑phase electricity, fully fenced yard, and ample parking.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $18.00 |
| − Vacancy | −$4.7k | −$1.80 |
| EGI | $42.3k | $16.20 |
| − OpEx | −$14.8k | −$5.67 |
| NOI | $27.5k | $10.53 |
2,609 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$513.2K
$449.1K – $598.8K
NOI $35,926 @ 7.0% cap · market cap 9.58%
Second Best
Flex RnD
$392.5K
$343.4K – $457.9K
NOI $27,473 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$708.5K
$619.9K – $826.5K
NOI $49,592 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Versatile live-work flex space on industrial-zoned land with expansion potential.
Where is this live-work space located?
The property is located at 96A Metro Blvd Santa Fe, NM.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Versatile 2,609 sq. ft. flex space on .65 acres of industrial‑zoned land with water rights, offering live/work possibilities and expansion potential.; Industrial zoning allows for diverse uses including manufacturing, distribution, professional offices, and living space.; Features 3‑phase electricity, fully fenced yard, and ample parking.
