Downtown Office Building with
For Sale
Contact for pricing
214 Mckenzie St, Santa Fe, NM 87501
Flexible layout includes offices, conference space, reception area, break room, and two restrooms.
Property Size1,735 SF
Lot Size0.15 Acres
Price / SF$0.01
Days on Market118
Property Features for 214 Mckenzie St
General Information
Standard status
Active
Size
1,735 SF
Total Parking Spaces
5
Lot size
0.15 Acres
Property subtype
Office
Zoning
BCDMCK
Lease Type
NNN
Additional Details
Asking Price
$725,000
Road Access
Yes
Building Details
Buildings
1
Building Size
1,735 SF
Listing Agency:
Garsa Group
Listed By:
Joel Cumplido · License #51964
(505) 473-3434
Source:
Carnm.resimplifi
Added: Jun 22
Changed: Oct 1
Last Checked: Oct 16 at 5:36AM
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 Garsa Group
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Investment Insights
Based on property information with market context.
This office property includes approximately 1,735 SF of building area on approximately 0.15 Ac. The interior offers 3-4 offices, a conference room, reception and open work space, a break room, and two restrooms. A basement of approximately 203 SF provides additional area, with access from both Johnson St. and Mckenzie St.
Located in downtown Santa Fe, the property is surrounded by museums, hotels and vacation rentals, galleries, restaurants, retail shops, and governmental offices. On-site parking includes approximately 5 spaces, supporting the building’s office configuration and central setting.
Located in downtown Santa Fe, the property is surrounded by museums, hotels and vacation rentals, galleries, restaurants, retail shops, and governmental offices. On-site parking includes approximately 5 spaces, supporting the building’s office configuration and central setting.
Key Highlights
- ±1,735 SF building on ±0.15 Ac.
- 3‑4 offices with conference room, reception/open space, and break room
- Two restrooms and ±203 SF basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,891
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,820
$477.8K
Cap Rate 7%
$341,300
$341.3K
Cap Rate 9%
$265,456
$265.5K
Market Conditions
NOI Build-Up for 1,735 SF
Gross rent
$37.5K $21.60/SF
− Vacancy
−$5.6K −$3.24/SF
EGI
$31.9K $18.36/SF
− OpEx
−$8.0K −$4.59/SF
NOI
$23.9K $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%
$477,820
Cap Rate 7%
$341,300
Cap Rate 9%
$265,456
Alternative Uses
Best Use
Office B
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 99,545.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.1K
$412.2K – $549.7K
NOI $32,979 @ 7.0% cap · market cap 137,412.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Check the figures for this property
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 - Flexible layout includes offices, conference space, reception area, break room, and two restrooms.
Where is this office building located?
The property is located at 214 Mckenzie St Santa Fe, NM.
What are key features of this property?
This property features: ±1,735 SF building on ±0.15 Ac.; 3‑4 offices with conference room, reception/open space, and break room; Two restrooms and ±203 SF basement
