Two-Story Office
For Sale
$3,250,000
2006 Botulph Road, Santa Fe, NM 87505
C-1 zoning and elevator service support office and commercial applications.
Property Size20,467 SF
Lot Size0.90 Acres
Price / SF$158.79
Days on Market15
Property Features for 2006 Botulph Road
General Information
Standard status
Active
Size
20,467 SF
Total Parking Spaces
54
Elevators
Yes
Lot size
0.90 Acres
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Office
Amenities
flexible suite configurations
excellent natural light
ADA-accessible restrooms
mature landscaping
false
Public
0.9
54
Survey
Paved,Parking Lot
20467
Building Details
Building Size
20,467 SF
Year Built
1983
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Real Estate Advisors, LLC
Listed By:
Tai Bixby · License #40315
(505) 539-3205
Source:
Snodgrassrealty
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 29 at 2:50PM
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
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Investment Insights
Based on property information with market context.
The Catron Building is a two-story office property with 20,467 square feet on 0.90 acres. Its layout includes flexible suites, elevator service and ADA-accessible restrooms. The building was constructed in 1983 and has a mix of leased and vacant suites, including 11,323 RSF of vacancy. C-1 zoning permits commercial and office applications.
Located at 2006 Botulph Road in Santa Fe, the property sits just off St. Michael’s Drive with access to downtown, Hwy 285 and I-25. Christus St. Vincent Hospital and St. Michael’s Drive are nearby. The surrounding area includes medical clinics, law firms, financial services and professional offices.
Site improvements include a paved parking lot with 54 spaces, a fresh asphalt overlay, restriping and mature landscaping.
Located at 2006 Botulph Road in Santa Fe, the property sits just off St. Michael’s Drive with access to downtown, Hwy 285 and I-25. Christus St. Vincent Hospital and St. Michael’s Drive are nearby. The surrounding area includes medical clinics, law firms, financial services and professional offices.
Site improvements include a paved parking lot with 54 spaces, a fresh asphalt overlay, restriping and mature landscaping.
Key Highlights
- 20,467‑square‑foot office property on 0.90 acres
- 11,323 RSF of vacancy alongside leased suites
- Two‑story building constructed in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,157
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,140
$5.7M
Cap Rate 7%
$4,045,100
$4.0M
Cap Rate 9%
$3,146,189
$3.1M
Market Conditions
NOI Build-Up for 20,467 SF
Gross rent
$515.8K $25.20/SF
− Vacancy
−$43.8K −$2.14/SF
EGI
$471.9K $23.06/SF
− OpEx
−$188.8K −$9.22/SF
NOI
$283.2K $13.83/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,140
Cap Rate 7%
$4,045,100
Cap Rate 9%
$3,146,189
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 authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,452
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - C-1 zoning and elevator service support office and commercial applications.
Where is this office building located?
The property is located at 2006 Botulph Road 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: 20,467‑square‑foot office property on 0.90 acres; 11,323 RSF of vacancy alongside leased suites; Two‑story building constructed in 1983
