Santa Fe Professional Office
124 Siringo Rd, Santa Fe, NM 87505
Call to check price and availability
Two-story office and research facility in central Santa Fe.
Type:Office
Property size:
9,592 SFLot size:
0.90 AcresPrice / SF:
$177/SF- Added:
- Mar 8, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 16 at 3:30 pm
Property Features for 124 Siringo Rd
General Information
- Standard status
- Active
- Size
- 9,592 SF
- Lot size
- 0.90 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agent Tai Bixby License #NM 40315
Listing office Real Estate Advisors LLC (505) 577-3524
Listing date Mar 8, 2026
Source Crexi
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 Estate Advisors LLC
HighLights
- Excellent central Santa Fe location with strong accessibility and abundant parking (54 spaces).
- Versatile ±9,592 SF floor plan suitable for various uses: office, research, medical, etc.
- Offered for sale below $1,800,000 appraisal.
- C‑1 Zoning allows for a wide range of uses (office, medical, research, educational, etc.).
- Located in an established professional and medical office district near Christus St. Vincent Regional Medical Center.
- Includes elevator access and a rooftop patio.
Overview
This professional office and research facility offers approximately 9,592 square feet of space on a 0.90-acre lot. Constructed in 1996, the two-story building features a versatile floor plan that includes private offices, conference rooms, reception areas, laboratories, and collaborative workspace. The property also provides elevator access and a rooftop patio. With 54 parking spaces available, there is ample parking for both employees and visitors. The property is located on Siringo Road, east of St. Francis Drive, in an established professional and medical office district near Christus St. Vincent Regional Medical Center. Its location provides connectivity to St. Michael’s Drive, Cerrillos Road, and Interstate 25. The C-1 Zoning allows for office, medical, dental, research, educational, and religious uses. This location is suitable for an owner-user, research facility, medical office, or professional services firm seeking a central Santa Fe location with accessibility and parking.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.47M
NOI $132,703 @ 9.00% cap · cautious / downside scenario
Moderate
$1.90M
NOI $132,703 @ 7.00% cap · market / base-case scenario
Aggressive
$2.65M
NOI $132,703 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.7k | $25.20 |
| − Vacancy | −$20.5k | −$2.14 |
| EGI | $221.2k | $23.06 |
| − OpEx | −$88.5k | −$9.22 |
| NOI | $132.7k | $13.83 |
9,592 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.90M
$1.66M – $2.21M
NOI $132,703 @ 7.0% cap · market cap 7.81%
Second Best
Office B
$1.89M
$1.65M – $2.20M
NOI $132,082 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,325 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -105.9530832
- Latitude
- 35.6515832
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office and research facility in central Santa Fe.
Where is this office building located?
The property is located at 124 Siringo Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Excellent central Santa Fe location with strong accessibility and abundant parking (54 spaces).; Versatile ±9,592 SF floor plan suitable for various uses: office, research, medical, etc.; Offered for sale below $1,800,000 appraisal.
