Santa Fe Professional Office
2006 Botulph Santa Fe, NM 87505
2006 Botulph, Santa Fe, NM, 87505
$3,250,000
For Sale
$3,250,000
Two-story office building in Santa Fe's medical and business corridor.
Property Size20,467 SF
Lot Size0.90 Acres
Price / SF$158.79
Days on Market223
Property Features for 2006 Botulph
General Information
- Standard status
- Active
- Size
- 20,467 SF
- Lot size
- 0.90 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
REAL ESTATE ADVISORS, LLC
(505) 539-3200
Listed by
TAI BIXBY · License #40315
Source
Corcoran
Added: Dec 10, 2025 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 5:38AM
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 REAL ESTATE ADVISORS, LLC
Investment Insights
Based on property information with market context.
The Catron Building is a two-story professional office property located in Santa Fe's medical and business corridor. The building offers approximately 20,467 square feet of space on approximately 0.90 acres. It features flexible suite configurations, ample natural light, ADA-accessible restrooms, and elevator service. The property is suitable for medical, dental, behavioral health, administrative office, or professional services. Currently, the building has a mix of leased suites and approximately 11,323 square feet of vacancy, offering opportunities for owner-users, investors, or businesses seeking a full-building headquarters. The property includes a restriped 54-space parking lot, a fresh asphalt overlay, and mature landscaping. The zoning is C-1, which allows for various commercial and office applications. The property is located off St. Michael’s Drive, providing access to Santa Fe’s medical hub, downtown, Hwy 285, and I-25. The surrounding area includes medical clinics, law firms, financial services, and professional offices. The location serves local residents and the region’s healthcare community.
Key Highlights
- Prime location in Santa Fe's medical and business corridor
- Substantial size: ±20,467 square feet on ±0.90 acres, suitable for a full‑building headquarters or investment property
- Flexible suite configurations and 11,323± RSF of vacancy, offering versatile options
Local Financial Insights For Healthcare Medical
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 | $515.8k | $25.20 |
| − Vacancy | −$43.8k | −$2.14 |
| EGI | $471.9k | $23.06 |
| − OpEx | −$188.8k | −$9.22 |
| NOI | $283.2k | $13.83 |
20,467 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.05M
$3.54M – $4.72M
NOI $283,157 @ 7.0% cap · market cap 8.71%
Second Best
Office B
$4.03M
$3.52M – $4.70M
NOI $281,831 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$5.56M
$4.86M – $6.48M
NOI $389,037 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Jane Fresne, ...
Physician
Southwest University of Naprapathic ...
High School
Cullen Christopher
Law Firm
Catron, Catron & Glassman ...
Law Firm
Catron Julia
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building in Santa Fe's medical and business corridor.
Where is this office building located?
The property is located at 2006 Botulph Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Prime location in Santa Fe's medical and business corridor; Substantial size: ±20,467 square feet on ±0.90 acres, suitable for a full‑building headquarters or investment property; Flexible suite configurations and 11,323± RSF of vacancy, offering versatile options
