Office-Warehouse Flex
For Sale
$1,068,000
1254 Calle de Comercio, Santa Fe, NM 87507
A combined office and warehouse layout is complemented by fenced yard and paved parking space.
Property Size6,981 SF
Lot Size0.50 Acres
Price / SF$152.99
Days on Market9
Property Features for 1254 Calle de Comercio
General Information
Standard status
Active
Size
6,981 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
I-1
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
3,591 SF
Office Build-Out
3,020 SF
Mezzanine
920 SF
Taxes and HOA fees
Annual Taxes
$7,050
Amenities
Parking Available
Paved
Building Details
Year Built
1983
Construction
frame and pre-engineered steel
Listing Agency:
REAL ESTATE ADVISORS, LLC
(505) 539-3200
Listed By:
TAI BIXBY · License #40315
(505) 577-3524
Source:
Corcoran
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 9 at 7:40PM
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
Investment Insights
Based on property information with market context.
At 1254 Calle de Comercio, this flex property pairs finished office space at the front with warehouse space behind. The ground floor totals 6,611 square feet, including 3,020 square feet of office and 3,591 square feet of warehouse, with a 920-square-foot mezzanine. Drive-in overhead doors serve the warehouse. Construction includes a concrete slab, frame and pre-engineered steel, stucco and metal exterior walls, and separate built-up tar and gravel and pitched metal roofs. Mini-split heating and cooling systems are under ten years old. The building is scheduled to be vacant October 1, 2026.
The half-acre site has 116 feet of frontage on Calle de Comercio in the Siler industrial area, less than a quarter mile north of Cerrillos Road. Approximately 70% of the site is open for paved parking and fenced yard; site coverage is 29.1%. I-1 Light Industrial zoning allows storage, trades, light manufacturing, automotive uses, fabrication, stockpiling and fleet parking. Public water, sewer, electric and gas serve the property.
The half-acre site has 116 feet of frontage on Calle de Comercio in the Siler industrial area, less than a quarter mile north of Cerrillos Road. Approximately 70% of the site is open for paved parking and fenced yard; site coverage is 29.1%. I-1 Light Industrial zoning allows storage, trades, light manufacturing, automotive uses, fabrication, stockpiling and fleet parking. Public water, sewer, electric and gas serve the property.
Key Highlights
- 6,611‑square‑foot ground floor with a 920‑square‑foot mezzanine
- 3,020 square feet of finished office and 3,591 square feet of warehouse space
- Drive‑in overhead doors, paved parking and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,510
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,200
$1.5M
Cap Rate 7%
$1,050,143
$1.1M
Cap Rate 9%
$816,778
$816.8K
Market Conditions
NOI Build-Up for 6,981 SF
Gross rent
$125.7K $18.00/SF
− Vacancy
−$12.6K −$1.80/SF
EGI
$113.1K $16.20/SF
− OpEx
−$39.6K −$5.67/SF
NOI
$73.5K $10.53/SF
Area
Santa Fe County, NM
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,200
Cap Rate 7%
$1,050,143
Cap Rate 9%
$816,778
Alternative Uses
Best Use
Flex RnD
$1.05M
$918.9K – $1.23M
NOI $73,510 @ 7.0% cap · market cap 6.88%
Second Best
Warehouse
$602.2K
$526.9K – $702.6K
NOI $42,154 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,695 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Casa Nova Custom Catering — 1314 Rufina Cir a7, Santa Fe, NM 87507
- Marigold Kitchen — 1314 Rufina Cir A 3, Santa Fe, NM 87507
- Palate — 2603 Cerrillos Rd, Santa Fe, NM 87505
- Peas 'N' Pod Catering — 1314 Apache Ave, Santa Fe, NM 87505
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and warehouse layout is complemented by fenced yard and paved parking space.
Where is this flex space located?
The property is located at 1254 Calle de Comercio Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,068,000.
What are key features of this property?
This property features: 6,611‑square‑foot ground floor with a 920‑square‑foot mezzanine; 3,020 square feet of finished office and 3,591 square feet of warehouse space; Drive‑in overhead doors, paved parking and fenced yard
