Drive-Through
For Sale
$750,000
2207 Cerrillos, Santa Fe, NM 87505
A commercial kitchen, private office, storage area, and two restrooms support food-service operations.
Property Size2,087 SF
Price / SF$359.37
Days on Market15
Property Features for 2207 Cerrillos
General Information
Standard status
Active
Size
2,087 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
C-2
Site & Location
Drive-Thru
Yes
Traffic Count
30,000 vehicles/day
Amenities
Flat Roof
OnStreet
Parking Lot
Paved
Building Details
Year Built
1984
Listing Agency:
LOGIC REAL ESTATE
(505) 820-7000
Listed By:
RACHAEL L. BACA · License #44829
(505) 310-4929
Source:
Corcoran
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 9:00AM
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 LOGIC REAL ESTATE
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Investment Insights
Based on property information with market context.
Located at 2207 Cerrillos Road in Santa Fe, this restaurant property includes a drive-up window, commercial-style kitchen, private office, dedicated storage, and two bathrooms. The building dates to 1984, with nine on-site parking spaces for customers and staff. Its existing food-service features suit restaurant and quick-service operations.
The property fronts Cerrillos Road, where daily traffic exceeds 30,000 vehicles. C-2 General Commercial zoning applies to the site. The combination of a drive-up window, kitchen infrastructure, parking, and commercial zoning defines the property’s current configuration.
The property fronts Cerrillos Road, where daily traffic exceeds 30,000 vehicles. C-2 General Commercial zoning applies to the site. The combination of a drive-up window, kitchen infrastructure, parking, and commercial zoning defines the property’s current configuration.
Key Highlights
- Drive‑up window and commercial‑style kitchen
- Nine on‑site parking spaces
- Private office, dedicated storage, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,713
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,260
$634.3K
Cap Rate 7%
$453,043
$453.0K
Cap Rate 9%
$352,367
$352.4K
Market Conditions
NOI Build-Up for 2,087 SF
Gross rent
$45.1K $21.60/SF
− Vacancy
−$2.8K −$1.34/SF
EGI
$42.3K $20.26/SF
− OpEx
−$10.6K −$5.07/SF
NOI
$31.7K $15.20/SF
Area
Santa Fe County, NM
Vacancy
6.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,260
Cap Rate 7%
$453,043
Cap Rate 9%
$352,367
Alternative Uses
Best Use
Specialty Retail
$453.0K
$396.4K – $528.6K
NOI $31,713 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.7K
$495.9K – $661.2K
NOI $39,670 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
299k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 14%
Groceries 12%
Apparel 10%
Chick-fil-A
Dining
59,966 visits/mo
0.1 miles
Smith's
Groceries
35,385 visits/mo
0.1 miles
Burlington
Apparel
26,112 visits/mo
0.1 miles
Dion's Pizza
Dining
20,117 visits/mo
0.1 miles
Office Depot
Office Supplies
19,827 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A commercial kitchen, private office, storage area, and two restrooms support food-service operations.
Where is this drive through restaurant located?
The property is located at 2207 Cerrillos Santa Fe, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Drive‑up window and commercial‑style kitchen; Nine on‑site parking spaces; Private office, dedicated storage, and two bathrooms
