Multi-Tenant Mixed-Use
For Sale
Contact for pricing
1300 Luisa Street #6, Santa Fe, NM 87505
Occupants include medical and therapy practices, hair stylists, and an art gallery.
Property Size1,035 SF
Price / SF$0.02
Days on Market518
Property Features for 1300 Luisa Street #6
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Office
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1959
Buildings
2
Tenancy
Multi
Listing Agency:
Oberstein Properties, Inc.
(505) 986-0700
Listed By:
David Oberstein · License #15694
(505) 470-2345
Source:
1stclassrealtyofsantafe
Added: Jun 6, 2025
Changed: Nov 5
Last Checked: Nov 5 at 4:30AM
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 Oberstein Properties, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two buildings with multiple tenants. Current occupants include therapists, hair stylists, medical professionals, and an art gallery; a medical practice previously occupied the property. The buildings date to 1959.
The suite fronts Letrado Street, where street parking is available near the entrance. Additional parking is located on the property.
The suite fronts Letrado Street, where street parking is available near the entrance. Additional parking is located on the property.
Key Highlights
- Two buildings with multiple tenants
- Tenant mix includes therapists, hair stylists, medical professionals, and an art gallery
- Suite fronts Letrado Street, with street parking by the entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,631
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,620
$192.6K
Cap Rate 7%
$137,586
$137.6K
Cap Rate 9%
$107,011
$107.0K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$16.8K $16.20/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$15.4K $14.89/SF
− OpEx
−$5.8K −$5.58/SF
NOI
$9.6K $9.30/SF
Area
Santa Fe County, NM
Vacancy
8.10%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,620
Cap Rate 7%
$137,586
Cap Rate 9%
$107,011
Alternative Uses
Best Use
Healthcare Medical
$204.6K
$179.0K – $238.7K
NOI $14,319 @ 7.0% cap · market cap 75,363.16%
Second Best
Office B
$203.6K
$178.2K – $237.5K
NOI $14,252 @ 7.0% cap · market cap 75,010.53%
Theoretical Best
Office A
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 103,542.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupants include medical and therapy practices, hair stylists, and an art gallery.
Where is this mixed-use property located?
The property is located at 1300 Luisa Street #6 Santa Fe, NM.
What are key features of this property?
This property features: Two buildings with multiple tenants; Tenant mix includes therapists, hair stylists, medical professionals, and an art gallery; Suite fronts Letrado Street, with street parking by the entrance
