Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1728 Camino Carlos Rey Santa Fe, NM 87505

    View on Map
    Claim this Listing
    For Lease
    $3,200/Mo $25 SF/Yr (calc)

    COMMERCIAL - Santa Fe, NM

    Property size:
    1,500 SF
    Lot size:
    0.68 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    103
    Last Refresh:
    May 4 at 10:06 pm

    Property Features for 1728 Camino Carlos Rey

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    C-2
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    970001677
    Size
    1,500 SF
    Lot size
    0.68 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2025
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jennifer Dyess

    Listing agent Jennifer Dyess License #53964

    Listing office Real Estate Advisors, LLC 1227 Paseo de Peralta, Albuquerque, NM

    Listing date Jan 21, 2026

    MLS# 202502107

    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.

    Overview

    Industrial Modern Live-Work Space

    This brand-new industrial modern construction is located in Santa Fe's evolving Siler Rufina District, a dynamic creative and light-industrial corridor just off Cerrillos Road. Designed for professionals, artists, designers, architects, and creative retailers, this space is crafted to elevate your work. It is suitable for launching a new studio, opening a gallery, or growing a design-forward business. The property features gallery-style interiors with high ceilings and abundant natural light. Flexible live/work layouts are ideal for studios, showrooms, offices, or creative workspaces. Retail-ready storefronts are adjacent to The Consignment Warehouse, a 5,000-square-foot art and furniture consignment gallery. The property includes a full kitchen, two full bathrooms, and a washer/dryer. Ample parking is available, with EV charging. Easy access is provided for clients, visitors, and deliveries. The C-2 zoning supports a wide range of uses including retail, gallery, office, and live/work. The property is gated and fully secured. The property size is 1500 square feet and the lot size is 0.68 acres. Internet is included. There are no CAM fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Consignment Warehouse Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9873315
    Latitude
    35.6604812

    Nearby Similar for Lease

    • $1,500/Mo

      Santa Fe Live/Work Residence

      Stunning live/work residence in Santa Fe with high-end finishes.
      1012 Marquez Place, Santa Fe, NM 87501
      View Details
    • $22 SF/Yr

      Santa Fe Retail/Office Space

      Freestanding retail/office property in the Guadalupe corridor.
      504 Jose Street, Santa Fe, NM 87501
      View Details
    • $35 SF/Yr

      Downtown Santa Fe Class A Office

      Premier office space in the heart of Santa Fe.
      125 Lincoln Avenue, Santa Fe, NM 87501
      View Details
    • $3,300/Mo

      Santa Fe Live/Work Space

      Modern 1,900 SF commercial-residential space in Santa Fe, NM.
      901 W San Mateo Road, Santa Fe, NM 87505
      View Details
    • $28 SF/Yr

      Class A Office Building, Santa Fe

      Remodeled Class A office space in central Santa Fe location.
      1048 Paseo De Peralta, Santa Fe, NM 87501
      View Details
    • $1,710/Mo

      Santa Fe Commercial Condo

      Commercial condo for lease, ideal for medical use.
      2213 Brothers Road, Santa Fe, NM 87505
      View Details
    • $15 SF/Yr

      Professional Office Suites For Lease

      Premium office suites in Santa Fe's medical and business corridor.
      2006 Botulph, Santa Fe, NM 87505
      View Details
    • $850/Mo

      Santa Fe Office Space Available

      Recently renovated office space with private courtyard and off-street parking.
      501 Franklin Avenue, Santa Fe, NM 87501
      View Details
    • $800/Mo

      Santa Fe Office Space Available

      Recently renovated office space with private courtyard and off-street parking.
      501 Franklin Avenue, Santa Fe, NM 87501
      View Details
    • $650/Mo

      Santa Fe Office Space Available

      Recently renovated office space ideal for health and wellness businesses.
      501 Franklin Avenue, Santa Fe, NM 87501
      View Details
    • $15 SF/Yr

      Santa Fe Office Space Available

      Premium ground floor office with basement storage in Santa Fe.
      2006 Botulph, Santa Fe, NM 87505
      View Details
    • $2,000/Mo

      Santa Fe Office Space For Rent

      Recently renovated office space ideal for health, wellness, beauty businesses.
      501 Franklin Avenue, Santa Fe, NM 87501
      View Details

    FAQs

    What type of property is this?
    Live-work space - New industrial modern space in Santa Fe's Siler Rufina District.
    Where is this live-work space located?
    The property is located at 1728 Camino Carlos Rey Santa Fe, NM.
    What is the lease rate?
    The lease rate is $3,200 /Mo.
    What are key features of this property?
    This property features: Brand‑new industrial modern construction in the evolving Siler Rufina District.; Flexible live/work layouts ideal for studios, showrooms, offices, or creative workspaces.; Gallery‑style interiors with high ceilings and abundant natural light.
    (817) 228-8514
    We can help!
    Listing Contact
    Jennifer Dyess
    Real Estate License ID: 53964
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1728 Camino Carlos Rey, Santa Fe, NM 87505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!