Freestanding Office
1523 Taos Street, Santa Fe, NM 87505
For Sale
$370,000
CommercialSale, Santa Fe, NM
Property Size1,195 SF
Lot Size0.13 Acres
Price / SF$309.62
Days on Market147
Property Features for 1523 Taos Street
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Neda Talebreza · License NM #50893
(505) 681-3870
Added: Jun 17
Changed: Oct 24
Last Checked: Nov 10 at 7:06AM
MLS# 202601690
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 freestanding office building contains 1,195 square feet with four private offices, a reception area, kitchenette, and in-suite restroom. The reception area includes hardwood flooring and can function as a fifth office. Interior finishes include carpet, tile, and wood, while the frame building has a flat roof and dates to 1950.
The 0.13-acre property includes on-site parking and private outdoor space. Public water and public sewer serve the property, and C-1 zoning supports its commercial setting. The address is 1523 Taos Street in Santa Fe, New Mexico, near the Cerrillos Road corridor.
The 0.13-acre property includes on-site parking and private outdoor space. Public water and public sewer serve the property, and C-1 zoning supports its commercial setting. The address is 1523 Taos Street in Santa Fe, New Mexico, near the Cerrillos Road corridor.
Key Highlights
- 1,195‑square‑foot freestanding office building
- Four private offices plus reception area that can function as a fifth office
- Kitchenette and in‑suite restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,455
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,100
$329.1K
Cap Rate 7%
$235,071
$235.1K
Cap Rate 9%
$182,833
$182.8K
Market Conditions
NOI Build-Up for 1,195 SF
Gross rent
$25.8K $21.60/SF
− Vacancy
−$3.9K −$3.24/SF
EGI
$21.9K $18.36/SF
− OpEx
−$5.5K −$4.59/SF
NOI
$16.5K $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%
$329,100
Cap Rate 7%
$235,071
Cap Rate 9%
$182,833
Alternative Uses
Best Use
Office B
$235.1K
$205.7K – $274.3K
NOI $16,455 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.5K
$283.9K – $378.6K
NOI $22,715 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
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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
$484,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Santa Fe, NM
Properties on Market for Office buildings in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Compact office property with private outdoor space, on-site parking, and a flexible interior layout.
Where is this office building located?
The property is located at 1523 Taos Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,195‑square‑foot freestanding office building; Four private offices plus reception area that can function as a fifth office; Kitchenette and in‑suite restroom
