1915 Cerrillos Rd, Santa Fe, NM 87505
High-traffic commercial building with five units and ample parking.
- Added:
- Feb 26, 2026
- Days on Market:
- 121
- Last Refresh:
- Apr 5 at 9:08 pm
Property Features for 1915 Cerrillos Rd
General Information
- Standard status
- Active
- Size
- 3,345 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing office KELLER WILLIAMS REALTY (505) 983-5151
Listing date Feb 26, 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 KELLER WILLIAMS REALTY
HighLights
- High‑traffic commercial frontage on Cerrillos Road.
- Five individual units within the building.
- Fourteen parking spaces, including handicap accessibility.
- New roof installed in 2023.
- Mini‑split systems added to Units 1A and 1C in 2022.
- Recently updated stucco and paint (July 2019).
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $19.80 |
| − Vacancy | −$5.6k | −$1.68 |
| EGI | $60.6k | $18.12 |
| − OpEx | −$18.2k | −$5.44 |
| NOI | $42.4k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -105.975
- Latitude
- 35.664
