Office Condo with
2074 Galisteo Street Santa Fe, NM 87505
New
2074 Galisteo Street, Santa Fe, NM, 87505
$440,000
For Sale
$440,000
SINGLE_FAMILY - Santa Fe, NM
Property Size2,000 SF
Price / SF$220
Days on Market2
Property Features for 2074 Galisteo Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 990003084
- Size
- 2,000 SF
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2000
- Flooring type
- Carpet, Vinyl
- Building materials
- Frame
- Roof type
- Metal
Listing agency
Barker Realty, LLC
(505) 982-9836
Listed by
Cozette E. Hansen · License #49928
(505) 399-0538
Added: Jul 21 Checked: Jul 22 at 6:06PM
MLS# 202603111
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 office condo offers a versatile interior layout with six private offices with windows, an additional interior office, a reception area with an oversized waiting room, two private restrooms, abundant storage, a kitchenette, and an in-suite washer and dryer. The unit is currently configured as one expansive suite, with potential to convert back into two separate units.
The property is zoned C-1 and includes ample on-site parking for employee and client access. Condominium association dues are approximately $225 per month per unit and include exterior roof maintenance, landscaping, and trash service.
Both HVAC systems have been replaced within the past five years, supporting reliable climate control for day-to-day operations.
The property is zoned C-1 and includes ample on-site parking for employee and client access. Condominium association dues are approximately $225 per month per unit and include exterior roof maintenance, landscaping, and trash service.
Both HVAC systems have been replaced within the past five years, supporting reliable climate control for day-to-day operations.
Key Highlights
- Office condo built in 2000 with frame construction and a metal roof
- Suite includes six private offices with windows plus one interior office and a reception area with an oversized waiting room
- Two private restrooms, abundant storage, and an in‑suite kitchenette with washer/dryer
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 | $50.4k | $25.20 |
| − Vacancy | −$4.3k | −$2.14 |
| EGI | $46.1k | $23.06 |
| − OpEx | −$18.4k | −$9.22 |
| NOI | $27.7k | $13.83 |
2,000 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hemmen Robert E
Medical Clinic
Bailey Janet
Marriage Or Relationship Counselor
Drew Toni
Counselor
David Henderson Law ...
Law Firm
ProVelocity
Tech Support Center
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FAQs
What type of property is this?
Office units - Office condo with multiple private offices, reception/waiting area, two restrooms, kitchenette, and in-suite washer/dryer.
Where is this office units located?
The property is located at 2074 Galisteo Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Office condo built in 2000 with frame construction and a metal roof; Suite includes six private offices with windows plus one interior office and a reception area with an oversized waiting room; Two private restrooms, abundant storage, and an in‑suite kitchenette with washer/dryer
