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 Market955
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
(505) 983-5151
Listed By:
Jasmine Sage · License #53297
(505) 983-5151
Source:
Carnm.resimplifi
Added: Jan 18, 2024
Changed: Aug 30
Last Checked: Aug 30 at 1:53AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$282,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
