Building Details

Year Built 2017

Listing Agency: Keller Williams Realty n***@gmail.com Show Phone

Listed By: Joan M. DiGiovanna · License #49852 Show Phone

Source: 1stclassrealtyofsantafe

Added: Mar 5 Changed: Nov 5 Last Checked: Nov 5 at 4:31AM

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Investment Insights

Based on property information with market context.

At 1300 Rufina #A-1, this 2017 mixed-use property features an open floor plan, expansive storefront glazing, high ceilings, exposed steel, and concrete floors. A glass roll-up door, two bathrooms, and heating and cooling serve the interior. I-2 zoning is in place, subject to applicable City requirements and approvals for intended uses.

The corner property is in Santa Fe’s Rufina District, near Meow Wolf and Second Street Brewery, amid studios and businesses. Its adaptable layout and architectural features distinguish it from a conventional office interior.

Key Highlights

• I‑2 zoning, subject to applicable City requirements and approvals
• Built in 2017
• Corner property at 1300 Rufina #A‑1 in Santa Fe

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,872

Cap Rate

4.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,440 $617.4K

Cap Rate 7%

$441,029 $441.0K

Cap Rate 9%

$343,022 $343.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,242 SF

Gross rent

$48.4K $21.60/SF

− Vacancy

−$7.3K −$3.24/SF

EGI

$41.2K $18.36/SF

− OpEx

−$10.3K −$4.59/SF

NOI

$30.9K $13.77/SF

Area

Santa Fe County, NM

Vacancy

15.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$617,440

Cap Rate 7%

$441,029

Cap Rate 9%

$343,022

Alternative Uses

Best Use

Office B

$441.0K

$385.9K – $514.5K (±1% cap)

NOI $30,872 @ 7.0% cap · market cap 4.27%

Second Best

Mixed Use

$298.0K

$260.8K – $347.7K (±1% cap)

NOI $20,862 @ 7.0% cap · market cap 2.89%

Theoretical Best

Office A

$608.8K

$532.7K – $710.3K (±1% cap)

NOI $42,616 @ 7.0% cap · market cap 5.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Creative space

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Skin Care Clinic Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

277

Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - An open, adaptable interior combines contemporary architectural details with heating, cooling, and two bathrooms.

Where is this mixed-use property located?

The property is located at 1300 Rufina #A-1 Santa Fe, NM.

What is the asking price?

The asking price for this property is $723,000.

What are key features of this property?

This property features: I‑2 zoning, subject to applicable City requirements and approvals; Built in 2017; Corner property at 1300 Rufina #A‑1 in Santa Fe