Courtyard Professional Office
For Sale
Contact for pricing
2009 Botulph #400, Santa Fe, NM 87505
A multi-office layout includes a reception area, kitchenette, and private restroom.
Property Size941 SF
Price / SF$2.00
Days on Market65
Property Features for 2009 Botulph #400
General Information
Standard status
Active
Size
941 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
courtyard
covered walkways
mature landscaping
Building Details
Year Built
2004
Construction
Traditional Southwestern
Listing Agency:
Landseer Management
(505) 313-0099
Listed By:
Brant Goodman · License #16424
(505) 690-7311
Source:
1stclassrealtyofsantafe
Added: Sep 2
Changed: Nov 4
Last Checked: Nov 5 at 4:32AM
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 Landseer Management
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Investment Insights
Based on property information with market context.
The 941-square-foot professional office suite contains multiple private offices, a reception and open work area, a kitchenette or break area, and a private restroom. Select offices receive natural light and overlook mature landscaping and a central courtyard. The property’s Southwestern architectural style is paired with covered walkways and on-site parking.
Located at 2009 Botulph Road in Santa Fe, the suite offers access to St. Michael’s Drive. The building was constructed in 2004.
Located at 2009 Botulph Road in Santa Fe, the suite offers access to St. Michael’s Drive. The building was constructed in 2004.
Key Highlights
- 941 SF professional office suite
- Multiple private offices plus reception and open work area
- Kitchenette or break area and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,160
$259.2K
Cap Rate 7%
$185,114
$185.1K
Cap Rate 9%
$143,978
$144.0K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$20.3K $21.60/SF
− Vacancy
−$3.0K −$3.24/SF
EGI
$17.3K $18.36/SF
− OpEx
−$4.3K −$4.59/SF
NOI
$13.0K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,160
Cap Rate 7%
$185,114
Cap Rate 9%
$143,978
Alternative Uses
Best Use
Office B
$185.1K
$162.0K – $216.0K
NOI $12,958 @ 7.0% cap · market cap 688.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.5K
$223.6K – $298.1K
NOI $17,887 @ 7.0% cap · market cap 950.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-office layout includes a reception area, kitchenette, and private restroom.
Where is this office unit located?
The property is located at 2009 Botulph #400 Santa Fe, NM.
What are key features of this property?
This property features: 941 SF professional office suite; Multiple private offices plus reception and open work area; Kitchenette or break area and private restroom
