Two-Story Office Condo For
1464 S St Francis Santa Fe, NM 87505
1464 S St Francis, Santa Fe, NM, 87505
$229,000
For Sale
$229,000
SINGLE_FAMILY - Santa Fe, NM
Property Size1,176 SF
Price / SF$194.73
Days on Market372
Property Features for 1464 S St Francis
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Parking
- 3
- 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
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1991
- Flooring type
- Carpet
Listing Agency
Barker Realty, LLC
(505) 982-9836
530 S Guadalupe St., Santa Fe, NM
Listed by
Cozette E. Hansen · License #49928
(505) 399-0538
Added: Jul 11, 2025 Checked: Jul 17 at 1:06 am
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.
Investment Insights
Based on property information with market context.
This two-story office condo is located in the Saint Francis Professional Center (Clock Tower). The 1176-square-foot space includes four windowed offices, one with a kiva fireplace and two with built-in bookcases. It also features a private restroom and a spacious waiting/reception area with ample storage. Newly installed commercial-grade carpet is present throughout the property. Situated just off South St. Francis Drive in Santa Fe, New Mexico, the property provides convenient access to I-25, restaurants, and shopping. The property is zoned C-1. This presents an opportunity for a small business or satellite office.
Key Highlights
- Four windowed offices, including one with a kiva fireplace and two with built‑in bookcases.
- Convenient location off South St. Francis Drive with easy access to I‑25, restaurants, and shopping.
- Spacious waiting/reception area with ample storage.
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 | $25.4k | $21.60 |
| − Vacancy | −$3.8k | −$3.24 |
| EGI | $21.6k | $18.36 |
| − OpEx | −$5.4k | −$4.59 |
| NOI | $16.2k | $13.77 |
1,176 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-story office condo with four offices, restroom, and reception.
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 $229,000.
What are key features of this property?
This property features: Four windowed offices, including one with a kiva fireplace and two with built‑in bookcases.; Convenient location off South St. Francis Drive with easy access to I‑25, restaurants, and shopping.; Spacious waiting/reception area with ample storage.
