Office Unit with Exam
New
For Sale
$410,000
2019 Galisteo Street, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size1,774 SF
Price / SF$231.12
Days on Market4
Property Features for 2019 Galisteo Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Parking features
Parking Lot
Directions
Heading North on S St. Francis Dr, turn right on the off ramp to St. Michael's Dr and head East. Turn right onto Galisteo St and turn left after passing the bank on the left had side. You will see Galisteo Center Office Park sign in 335ft. Take the road to the back of the complex. Building is on the left hand side.
Standard status
Active
APN
910002529
Size
1,774 SF
Taxes and HOA fees
Tax Description
UNIT G-5, GALISTEO CENTER CONDOMINIUM, S35 T17N R 9E
Legal Description
UNIT G-5, GALISTEO CENTER CONDOMINIUM, S35 T17N R 9E
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
reception area
private offices
kitchenette/break area
in-suite restrooms
separate side entrance
natural light
Building Details
Year built
2001
Building materials
Frame
Roof type
Flat
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Cozette E. Hansen · License #49928
(505) 399-0538
Added: Oct 4
Last Checked: Oct 7 at 12:06AM
MLS# 202604260
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,774-square-foot office unit at 2019 Galisteo Street includes eight private offices or exam rooms, with sinks in several rooms, plus a large open area. A reception area, kitchenette, in-suite restrooms, and a separate side entrance round out the layout. Recent interior work includes fresh paint and vinyl flooring. The building was constructed in 2001 and is zoned C-1.
The property has parking in a lot and is served by public water and public sewer. Its address places it in Santa Fe’s St. Michael’s and South St. Francis corridor.
The property has parking in a lot and is served by public water and public sewer. Its address places it in Santa Fe’s St. Michael’s and South St. Francis corridor.
Key Highlights
- Eight private offices or exam rooms; several have sinks
- 1,774 square feet with a reception area and large open area
- Kitchenette, in‑suite restrooms, and separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,543
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,860
$490.9K
Cap Rate 7%
$350,614
$350.6K
Cap Rate 9%
$272,700
$272.7K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$44.7K $25.20/SF
− Vacancy
−$3.8K −$2.14/SF
EGI
$40.9K $23.06/SF
− OpEx
−$16.4K −$9.22/SF
NOI
$24.5K $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%
$490,860
Cap Rate 7%
$350,614
Cap Rate 9%
$272,700
Alternative Uses
Best Use
Healthcare Medical
$350.6K
$306.8K – $409.1K
NOI $24,543 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$349.0K
$305.4K – $407.1K
NOI $24,428 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$481.7K
$421.5K – $562.0K
NOI $33,720 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,171
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
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Frequently Asked Questions
What type of property is this?
Office units - Private rooms, shared work space, and on-site support areas create a flexible professional layout.
Where is this office units located?
The property is located at 2019 Galisteo Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Eight private offices or exam rooms; several have sinks; 1,774 square feet with a reception area and large open area; Kitchenette, in‑suite restrooms, and separate side entrance
