Office Units with Flexible
For Sale
$440,000
Pending
2074 Galisteo Street A2 & A3, Santa Fe, NM 87505
Configured for professional or medical occupancy with private offices, reception, restrooms, storage, and a kitchenette.
Property Size2,000 SF
Days on Market52
Property Features for 2074 Galisteo Street A2 & A3
General Information
Standard status
Pending
Size
2,000 SF
Additional Details
HOA Fee
$225
Office Units
1
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Cozette E. Hansen · License #49928
(505) 399-0538
Source:
Wesellsantafe
Added: Aug 20
Changed: Oct 4
Last Checked: Oct 9 at 8:03PM
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 Barker Realty, LLC
Investment Insights
Based on property information with market context.
This office condominium at 2074 Galisteo Street, A2 & A3, is currently arranged as one broad suite with a practical mix of private and shared areas. The layout includes six windowed offices, an additional interior office, a reception area, an oversized waiting room, two private restrooms, storage, a kitchenette, and an in-suite washer and dryer. Large windows bring natural light into the work areas, while on-site parking supports employee and client access.
The approximately 2,000-square-foot configuration can be returned to two separate 1,000-square-foot units, providing flexibility for an owner-user, an investor, or a business requiring distinct suites. Both HVAC systems were replaced within the past five years. The space is suited to professional or medical office use based on its existing layout and amenities.
The approximately 2,000-square-foot configuration can be returned to two separate 1,000-square-foot units, providing flexibility for an owner-user, an investor, or a business requiring distinct suites. Both HVAC systems were replaced within the past five years. The space is suited to professional or medical office use based on its existing layout and amenities.
Key Highlights
- Six private offices with windows, plus one interior office
- Currently arranged as one expansive suite
- Can be converted back into two separate 1,000‑square‑foot units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,540
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
$550.8K
Cap Rate 7%
$393,429
$393.4K
Cap Rate 9%
$306,000
$306.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$6.5K −$3.24/SF
EGI
$36.7K $18.36/SF
− OpEx
−$9.2K −$4.59/SF
NOI
$27.5K $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%
$550,800
Cap Rate 7%
$393,429
Cap Rate 9%
$306,000
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,923
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured for professional or medical occupancy with private offices, reception, restrooms, storage, and a kitchenette.
Where is this office units located?
The property is located at 2074 Galisteo Street A2 & A3 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: Six private offices with windows, plus one interior office; Currently arranged as one expansive suite; Can be converted back into two separate 1,000‑square‑foot units
