Industrial Warehouse with
For Sale
$4,200,000
1127 Siler Park Ln, Santa Fe, NM 87507
Industrial-zoned facility includes dedicated showroom space and substantial electrical capacity.
Property Size26,860 SF
Lot Size2.50 Acres
Price / SF$156.37
Days on Market1001
Property Features for 1127 Siler Park Ln
General Information
Standard status
Active
Size
26,860 SF
Lot size
2.50 Acres
Property subtype
Industrial
Zoning
I2
Additional Details
Asking Price
$4,297,600
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1985
Building Size
26,860 SF
Listing Agency:
Keller Williams - Santa Fe
Listed By:
Jasmine Sage · License #53297
(505) 983-5151
Source:
Carnm.resimplifi
Added: Jan 18, 2024
Changed: Oct 1
Last Checked: Oct 14 at 7:34PM
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 Keller Williams - Santa Fe
Investment Insights
Based on property information with market context.
Built in 1985, this industrial warehouse contains 26,860 square feet on 2.5 acres. The building includes approximately 4,000 square feet of showroom area and is currently home to Prescott Studios. A recently installed roof adds a significant physical improvement, while five transformers support operations requiring substantial electrical service. The property is zoned I2 and located at 1127 Siler Park Lane in Santa Fe, New Mexico.
Key Highlights
- 26,860‑square‑foot warehouse on 2.5 acres
- Approximately 4,000 square feet of showroom space
- Five transformers provide substantial electrical capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,836
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,656,720
$5.7M
Cap Rate 7%
$4,040,514
$4.0M
Cap Rate 9%
$3,142,622
$3.1M
Market Conditions
NOI Build-Up for 26,860 SF
Gross rent
$483.5K $18.00/SF
− Vacancy
−$48.3K −$1.80/SF
EGI
$435.1K $16.20/SF
− OpEx
−$152.3K −$5.67/SF
NOI
$282.8K $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%
$5,656,720
Cap Rate 7%
$4,040,514
Cap Rate 9%
$3,142,622
Alternative Uses
Best Use
Flex RnD
$4.04M
$3.54M – $4.71M
NOI $282,836 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,191 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$7.29M
$6.38M – $8.51M
NOI $510,555 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Well-served
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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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned facility includes dedicated showroom space and substantial electrical capacity.
Where is this warehouse located?
The property is located at 1127 Siler Park Ln Santa Fe, NM.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 26,860‑square‑foot warehouse on 2.5 acres; Approximately 4,000 square feet of showroom space; Five transformers provide substantial electrical capacity
