1932 Cerrillos, Santa Fe, NM 87505
For Sale
$1,100,000
Storefront properties
Property Size4,631 SF
Lot Size0.39 Acres
Price / SF$237.53
Days on Market408
Property Features for 1932 Cerrillos
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Garage
Carpet Flooring
Concrete Flooring
Flat Roof
OnStreet
Parking Available
Parking Lot
Paved
Pitched Roof
Tar Gravel Roof
Tile Flooring
Listing Agency:
BARKER REALTY, LLC
(505) 982-9836
Listed By:
JAMES DELGADO · License NM #39148
(505) 983-0362
Source:
Corcoran
Added: Sep 30, 2025
Changed: Aug 24
Last Checked: Aug 25 at 10:00AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on Cerrillos Road (30,000 VPD) with excellent visibility.
- C‑2 zoning allows for a wide range of uses.
- Existing income from office and automotive maintenance tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,730
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,600
$1.2M
Cap Rate 7%
$839,000
$839.0K
Cap Rate 9%
$652,556
$652.6K
Market Conditions
NOI Build-Up for 4,631 SF
Gross rent
$91.7K $19.80/SF
− Vacancy
−$7.8K −$1.68/SF
EGI
$83.9K $18.12/SF
− OpEx
−$25.2K −$5.44/SF
NOI
$58.7K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,600
Cap Rate 7%
$839,000
Cap Rate 9%
$652,556
Alternative Uses
Best Use
Retail
$839.0K
$734.1K – $978.8K
NOI $58,730 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,026 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
343k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 19%
Shops & Services 15%
Apparel 9%
Chick-fil-A
Dining
59,966 visits/mo
0.4 miles
Smith's
Groceries
35,385 visits/mo
0.3 miles
Food King
Groceries
29,719 visits/mo
0.5 miles
Burlington
Apparel
26,112 visits/mo
0.3 miles
Dion's Pizza
Dining
20,117 visits/mo
0.2 miles
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
$484,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Santa Fe, NM
Properties on Market for Storefront properties in Santa Fe
Vacancy Rate% for Retail in West region
Frequently Asked Questions
Where is this storefront property located?
The property is located at 1932 Cerrillos Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑traffic location on Cerrillos Road (30,000 VPD) with excellent visibility.; C‑2 zoning allows for a wide range of uses.; Existing income from office and automotive maintenance tenants.
