Two-Story Office
For Sale
$209,000
1464 S St Francis, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size1,176 SF
Price / SF$177.72
Days on Market464
Property Features for 1464 S St Francis
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Parking
3
Directions
On St. Michaels Dr and South St. Francis Dr. head North for approx. 0.5 miles. Turn left at the St. Francis. Professional Center clock tower entrance. Turn right at the end of the road and building is on the left hand side of the street.
Standard status
Active
APN
18100100
Size
1,176 SF
Taxes and HOA fees
Tax Description
T1 7N R9E S35, St. Francis Professional Center, Lot 13, .09 AC
Legal Description
T1 7N R9E S35, St. Francis Professional Center, Lot 13, .09 AC
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
kiva fireplace
built-in bookcases
private restroom
waiting/reception area
ample storage
commercial-grade carpet
Building Details
Year built
1991
Flooring type
Carpet
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Cozette E. Hansen · License #49928
(505) 399-0538
Added: Jul 11, 2025
Changed: Oct 7
Last Checked: Oct 17 at 10:06PM
MLS# 202502674
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,176-square-foot office condominium occupies two stories and includes four offices with windows, a private restroom, and a generous reception and waiting area. One office has a kiva fireplace, while two include built-in bookcases. Storage is incorporated into the layout, and commercial-grade carpeting has been recently installed throughout.
The property is positioned just off South St. Francis Drive, with access to I-25, restaurants, and shopping. Built in 1991, the condominium is served by public water and public sewer and carries C-1 zoning.
The property is positioned just off South St. Francis Drive, with access to I-25, restaurants, and shopping. Built in 1991, the condominium is served by public water and public sewer and carries C-1 zoning.
Key Highlights
- 1,176‑square‑foot two‑story office condominium
- Four windowed offices, including one with a kiva fireplace
- Two offices feature built‑in bookcases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,194
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,880
$323.9K
Cap Rate 7%
$231,343
$231.3K
Cap Rate 9%
$179,933
$179.9K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$25.4K $21.60/SF
− Vacancy
−$3.8K −$3.24/SF
EGI
$21.6K $18.36/SF
− OpEx
−$5.4K −$4.59/SF
NOI
$16.2K $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%
$323,880
Cap Rate 7%
$231,343
Cap Rate 9%
$179,933
Alternative Uses
Best Use
Office B
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Windowed offices, private restroom, reception area, and commercial-grade carpet support a compact professional workspace.
Where is this office units located?
The property is located at 1464 S St Francis Santa Fe, NM.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,176‑square‑foot two‑story office condominium; Four windowed offices, including one with a kiva fireplace; Two offices feature built‑in bookcases
