Office Building with
For Sale
$270,000
1482 Saint Francis #B, Santa Fe, NM 87505
Three private workrooms, a reception area, and C-1 zoning support a compact commercial office configuration.
Property Size960 SF
Price / SF$281.25
Days on Market333
Property Features for 1482 Saint Francis #B
General Information
Standard status
Active
Size
960 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Road Access
Yes
Property Use
Office
Amenities
3 private offices
reception area
1 ADA-compliant bathroom
generous storage space
Building Details
Building Size
960 SF
Year Built
1988
Listing Agency:
Varela Real Estate, Inc.
(505) 982-2525
Listed By:
Phillip Varela · License #18075
(505) 570-9700
Source:
Goldenshieldsrealty
Added: Dec 8, 2025
Changed: Oct 30
Last Checked: Nov 4 at 7:30AM
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, Inc.
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Investment Insights
Based on property information with market context.
The 960-square-foot office property contains three private offices, a reception area, one ADA-compliant bathroom, and storage. A two-car carport and on-site parking serve the building, which was constructed in 1988. The property is zoned C-1.
Located at 1482 Saint Francis #B in Santa Fe, the office is near downtown and major commercial corridors.
Located at 1482 Saint Francis #B in Santa Fe, the office is near downtown and major commercial corridors.
Key Highlights
- 960‑square‑foot office property with three private offices and a reception area
- C‑1 zoning
- One ADA‑compliant bathroom and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,219
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,380
$264.4K
Cap Rate 7%
$188,843
$188.8K
Cap Rate 9%
$146,878
$146.9K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$20.7K $21.60/SF
− Vacancy
−$3.1K −$3.24/SF
EGI
$17.6K $18.36/SF
− OpEx
−$4.4K −$4.59/SF
NOI
$13.2K $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%
$264,380
Cap Rate 7%
$188,843
Cap Rate 9%
$146,878
Alternative Uses
Best Use
Office B
$188.8K
$165.2K – $220.3K
NOI $13,219 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,798
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three private workrooms, a reception area, and C-1 zoning support a compact commercial office configuration.
Where is this office building located?
The property is located at 1482 Saint Francis #B Santa Fe, NM.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 960‑square‑foot office property with three private offices and a reception area; C‑1 zoning; One ADA‑compliant bathroom and storage space
