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    Santa Fe Industrial Investment Opportunity Title is generated by Realmo AI

    1747 Jay, Santa Fe, NM 87505

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    For Sale
    $500,000

    Industrial property with updated features and tenant in place.

    Type:Commercial
    Property size:
    2,050 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $243/SF
    Added:
    Mar 27, 2026
    Days on Market:
    62
    Last Refresh:
    Mar 27 at 8:10 pm

    Property Features for 1747 Jay

    General Information

    Standard status
    Active
    Size
    2,050 SF
    Lot size
    0.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    COZETTE E. HANSEN
    COZETTE E. HANSEN

    Listing agent COZETTE E. HANSEN License #49928

    Listing office BARKER REALTY, LLC

    Listing date Mar 27, 2026

    Source Corcoran

    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 BARKER REALTY, LLC

    HighLights

    • Leased to a tenant on a three‑year term with annual increases, providing immediate income.
    • Prime industrial investment opportunity in the center of Santa Fe.
    • Multiple roll‑up doors: three 12‑ft and one 10‑ft, all recently installed.
    • Entire 0.20‑acre lot is fenced with privacy slats and two locking gates.
    • Updated plumbing, electrical, asphalt, and exterior paint.
    • Includes 18' x 15' upstairs mezzanine storage space.

    Overview

    This industrial property is located in Santa Fe and offers an investment opportunity. The warehouse includes three 12-ft roll-up doors and one 10-ft roll-up door, all installed in recent years. The property features a small reception/office area in the front, along with a breakroom and restroom. An 18' x 15' upstairs mezzanine provides additional storage space. The warehouse is equipped with water and gas-hanging heaters. Recent updates include plumbing, electrical systems, asphalt, and exterior paint. The entire 0.20-acre lot is fenced with privacy slats and includes two locking gates. The property is currently leased to a tenant on a three-year term with annual increases. The property size is 2050 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Extra Space Storage — 875 W San Mateo Rd, Santa Fe, NM 87505
    • Extra Space Storage — 900 W San Mateo Rd, Santa Fe, NM 87505
    • A-San Mateo Mini Warehouses — 841 W San Mateo Rd, Santa Fe, NM 87505
    • St. Michael's Self Storage — 1935 Aspen Dr, Santa Fe, NM 87505
    • A-1 Self Storage — 2000 Pinon St, Santa Fe, NM 87505

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9698362
    Latitude
    35.6640865

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    FAQs

    What type of property is this?
    Warehouse - Industrial property with updated features and tenant in place.
    Where is this warehouse located?
    The property is located at 1747 Jay Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Leased to a tenant on a three‑year term with annual increases, providing immediate income.; Prime industrial investment opportunity in the center of Santa Fe.; Multiple roll‑up doors: three 12‑ft and one 10‑ft, all recently installed.
    (505) 982-9836
    We can help!
    Listing Contact
    COZETTE E. HANSEN
    COZETTE E. HANSEN
    Real Estate License ID: 49928
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    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.

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