Fully Leased NNN
For Sale
$2,841,781
200 West San Francisco Street, Santa Fe, NM 87501
Fully leased commercial asset with an established NNN structure near Santa Fe Plaza.
Property Size9,267 SF
Price / SF$306.66
Days on Market137
Property Features for 200 West San Francisco Street
General Information
Standard status
Active
Size
9,267 SF
Property subtype
Retail
Occupancy
100%
Listing Agency:
CBRE
Listed By:
Jim Dountas · License #45995
(505) 837-4955
Source:
Cbre
Added: Jun 2
Changed: Oct 15
Last Checked: Oct 14 at 8:13PM
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 CBRE
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Investment Insights
Based on property information with market context.
Located at 200 West San Francisco Street in Santa Fe, this 9,267-property-size commercial asset is 100% leased under an NNN structure. The property is positioned two blocks west of The Historic Santa Fe Plaza, placing it within a notable downtown setting.
The offering combines a fully leased occupancy profile with a net lease format and a central Santa Fe address. The source information identifies the property as a specialty commercial asset with retail classification.
The offering combines a fully leased occupancy profile with a net lease format and a central Santa Fe address. The source information identifies the property as a specialty commercial asset with retail classification.
Key Highlights
- 100% leased under an NNN structure
- Located two blocks west of The Historic Santa Fe Plaza
- Address: 200 West San Francisco Street, Santa Fe, NM 87501
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,523
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,350,460
$2.4M
Cap Rate 7%
$1,678,900
$1.7M
Cap Rate 9%
$1,305,811
$1.3M
Market Conditions
NOI Build-Up for 9,267 SF
Gross rent
$183.5K $19.80/SF
− Vacancy
−$15.6K −$1.68/SF
EGI
$167.9K $18.12/SF
− OpEx
−$50.4K −$5.44/SF
NOI
$117.5K $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%
$2,350,460
Cap Rate 7%
$1,678,900
Cap Rate 9%
$1,305,811
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,523 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,147 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,554
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 30%
Hotels & Casinos 12%
Apparel 6%
Blake's LotaBurger
Dining
9,803 visits/mo
0.5 miles
La Fogata
Dining
5,948 visits/mo
0.0 miles
Wells Fargo
Shops & Services
5,396 visits/mo
0.3 miles
The UPS Store
Shops & Services
4,737 visits/mo
0.3 miles
El Sendero Inn
Hotels & Casinos
4,146 visits/mo
0.3 miles
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased commercial asset with an established NNN structure near Santa Fe Plaza.
Where is this nnn property located?
The property is located at 200 West San Francisco Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $2,841,781.
What are key features of this property?
This property features: 100% leased under an NNN structure; Located two blocks west of The Historic Santa Fe Plaza; Address: 200 West San Francisco Street, Santa Fe, NM 87501
