Remodeled Office Space in Santa
1424 Luisa St UNIT 1 & 2 Santa Fe, NM 87505
1424 Luisa St UNIT 1 & 2, Santa Fe, NM, 87505
Contact for pricing
For Sale
Contact for pricing
Turnkey office space with modern interiors and flexible layout.
Property Size2,078 SF
Price / SF$238.21
Days on Market60
Property Features for 1424 Luisa St UNIT 1 & 2
General Information
- Standard status
- Active
- Size
- 2,078 SF
- Property subtype
- Office
Listing Agency
Varela Real Estate
(505) 982-2525
Listed by
Phillip Varela · License #NM 18075
Source
Crexi
Added: May 20 Checked: Jul 17 at 7:10 am
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 Varela Real Estate
Investment Insights
Based on property information with market context.
Located at 1424 Luisa Street, Units 1 & 2, in a well-established commercial corridor of Santa Fe, this nicely maintained and thoughtfully remodeled office space offers functionality and professional appeal. The property features updated finishes, clean and modern interiors, and a flexible layout suitable for a variety of professional uses. It is designed to deliver efficiency and comfort. The two combined units offer a flexible configuration with the possibility of leasing out a third smaller unit. The tastefully remodeled interior is well-maintained and great for personal use or investment. The professional setting is ideal for office or service-based businesses, with convenient access to main streets and surrounding commercial areas. Ample on-site parking is available. Each space offers a welcoming reception area, private offices, a conference area, and a kitchenette with functional workspaces designed to support productivity while maintaining a professional atmosphere for clients and staff. The property provides accessibility and visibility while maintaining a quiet, professional setting. The property has a total size of 2078 square feet.
Key Highlights
- Turnkey, remodeled office space in a convenient Santa Fe location.
- Flexible layout suitable for various professional uses, with the possibility of leasing out a 3rd smaller unit.
- Well‑maintained property ideal for personal use or investment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $21.60 |
| − Vacancy | −$6.7k | −$3.24 |
| EGI | $38.2k | $18.36 |
| − OpEx | −$9.5k | −$4.59 |
| NOI | $28.6k | $13.77 |
2,078 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$408.8K
$357.7K – $476.9K
NOI $28,614 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.3K
$493.7K – $658.3K
NOI $39,499 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - James ...
Insurance Agency
Nakazono & Nakazono
Medical Clinic
Parnall Law Firm, ...
Law Firm
Tracey Lynn CPA
Accounting Firm
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FAQs
What type of property is this?
Office units - Turnkey office space with modern interiors and flexible layout.
Where is this office units located?
The property is located at 1424 Luisa St UNIT 1 & 2 Santa Fe, NM.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Turnkey, remodeled office space in a convenient Santa Fe location.; Flexible layout suitable for various professional uses, with the possibility of leasing out a 3rd smaller unit.; Well‑maintained property ideal for personal use or investment.
