Office Unit with
For Sale
$160,000
1472 S St Francis Drive, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size427 SF
Price / SF$374.71
Days on Market341
Property Features for 1472 S St Francis Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Directions
St Francis Professional Center
Standard status
Active
APN
018207174
Size
427 SF
Taxes and HOA fees
Tax Description
T17N R9E S35, SAINT FRANCIS PROFESSIONAL CENTER, LOT 17, .04 AC
Legal Description
T17N R9E S35, SAINT FRANCIS PROFESSIONAL CENTER, LOT 17, .04 AC
Utilities
Water source
Public
Amenities
modern bathroom
kitchenette
Building Details
Year built
1980
Listing Agency:
Corcoran Plaza Properties/ Pas
(505) 982-4466
Listed By:
Gary Boal · License #12897
(505) 660-1897
Added: Nov 1, 2025
Changed: Sep 4
Last Checked: Oct 7 at 9:06AM
MLS# 202504841
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 office unit is located within the St Francis Professional Center and includes a modern bathroom and kitchenette. The space is part of a professional office setting with public water service and was built in 1980.
The property is located at 1472 S St Francis Drive in Santa Fe, NM 87505. C-1 zoning supports its commercial office classification.
The property is located at 1472 S St Francis Drive in Santa Fe, NM 87505. C-1 zoning supports its commercial office classification.
Key Highlights
- Modern bathroom and kitchenette included
- Located in the St Francis Professional Center
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,880
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,600
$117.6K
Cap Rate 7%
$84,000
$84.0K
Cap Rate 9%
$65,333
$65.3K
Market Conditions
NOI Build-Up for 427 SF
Gross rent
$9.2K $21.60/SF
− Vacancy
−$1.4K −$3.24/SF
EGI
$7.8K $18.36/SF
− OpEx
−$2.0K −$4.59/SF
NOI
$5.9K $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%
$117,600
Cap Rate 7%
$84,000
Cap Rate 9%
$65,333
Alternative Uses
Best Use
Office B
$84.0K
$73.5K – $98.0K
NOI $5,880 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$115.9K
$101.5K – $135.3K
NOI $8,116 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional-center space includes a modern bathroom and kitchenette.
Where is this office units located?
The property is located at 1472 S St Francis Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Modern bathroom and kitchenette included; Located in the St Francis Professional Center; C‑1 zoning
