Office Condo with Basement
For Sale
$420,000
1440 Saint Francis S, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size1,797 SF
Lot Size0.04 Acres
Price / SF$233.72
Days on Market59
Property Features for 1440 Saint Francis S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Parking features
Parking Lot
Directions
South on St. Francis past Cordova. See Clock Tower and turn West into St. Francis Professional Center. Right at stop sign to final building on the right, 1440. Law Offices facing parking lot.
Standard status
Active
APN
018500485
Size
1,797 SF
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
(NO BLK 8) LOT 46 ST FRANCIS PROF CENTER T17N R 9E S35
Legal Description
(NO BLK 8) LOT 46 ST FRANCIS PROF CENTER T17N R 9E S35
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1987
Flooring type
Carpet, Concrete, Tile
Building materials
Frame
Roof type
Membrane
Listing Agency:
Sotheby's Int. RE - Railyard
(505) 982-9836
Listed By:
Alexanna Padilla · License #51625
(505) 660-3590
Added: Sep 2
Changed: Oct 29
Last Checked: Oct 30 at 12:06PM
MLS# 202603787
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium in the Saint Francis Professional Center has 1,397 square feet on the main level, arranged as six offices. Two offices have built-in bookcases. The reception area features 10-foot ceilings, skylights, and a clerestory window. An additional approximately 400 square feet of usable basement space can serve for storage, a break area, or additional offices. The building was constructed in 1987, with frame construction and concrete, carpet, and tile flooring.
The property is at 1440 Saint Francis S in Santa Fe, within a professional park. A parking lot is adjacent to the building. Public water and sewer serve the property, which is zoned C-1.
The property is at 1440 Saint Francis S in Santa Fe, within a professional park. A parking lot is adjacent to the building. Public water and sewer serve the property, which is zoned C-1.
Key Highlights
- 1,397 square feet on the main floor with six offices
- Approximately 400 square feet of usable basement area
- Reception area with 10‑foot ceilings, skylights, and a clerestory window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,745
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,900
$494.9K
Cap Rate 7%
$353,500
$353.5K
Cap Rate 9%
$274,944
$274.9K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$38.8K $21.60/SF
− Vacancy
−$5.8K −$3.24/SF
EGI
$33.0K $18.36/SF
− OpEx
−$8.2K −$4.59/SF
NOI
$24.7K $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%
$494,900
Cap Rate 7%
$353,500
Cap Rate 9%
$274,944
Alternative Uses
Best Use
Office B
$353.5K
$309.3K – $412.4K
NOI $24,745 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.0K
$427.0K – $569.3K
NOI $34,157 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,788
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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The office layout combines private work areas with a reception space featuring skylights and elevated ceilings.
Where is this office unit located?
The property is located at 1440 Saint Francis S Santa Fe, NM.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,397 square feet on the main floor with six offices; Approximately 400 square feet of usable basement area; Reception area with 10‑foot ceilings, skylights, and a clerestory window
