Drive-Through Restaurant with
New
For Sale
$750,000
2207 Cerrillos, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size2,087 SF
Lot Size0.39 Acres
Price / SF$359.37
Days on Market2
Property Features for 2207 Cerrillos
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking
9
Parking features
Parking Lot, On Street
Directions
St Michaels, left on Cerrillos
Standard status
Active
APN
019002768
Size
2,087 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
T17N R 9E S34, EL POLLO ASADO S/D, LOT 1C AND A PORTION OF DOMINGO S/D, BLK 1, LOT 1
Legal Description
T17N R 9E S34, EL POLLO ASADO S/D, LOT 1C AND A PORTION OF DOMINGO S/D, BLK 1, LOT 1
Utilities
Water source
Public
Building Details
Year built
1984
Roof type
Flat
Listing Agency:
Logic Real Estate
(505) 820-7000
Listed By:
Rachael L. Baca · License #44829
(505) 310-4929
Added: Oct 15
Last Checked: Oct 16 at 2:06AM
MLS# 202604446
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.
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Investment Insights
Based on property information with market context.
This 2,087-square-foot drive-through restaurant property includes a commercial-style kitchen, private office, dedicated storage, and two bathrooms. A drive-up window and nine on-site parking spaces are already in place. The building was constructed in 1984 and has a flat roof.
Located at 2207 Cerrillos Road in Santa Fe, the property has exposure along the road. The 0.39-acre site is zoned C-2, with public water service. Zoning supports a range of commercial uses, including food service, retail, offices, and personal services.
Located at 2207 Cerrillos Road in Santa Fe, the property has exposure along the road. The 0.39-acre site is zoned C-2, with public water service. Zoning supports a range of commercial uses, including food service, retail, offices, and personal services.
Key Highlights
- 2,087‑square‑foot building on a 0.39‑acre site
- Drive‑up window and commercial‑style kitchen
- Nine on‑site parking spaces
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
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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 - C-2 zoning and an existing drive-up window support food-service and other commercial uses.
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: 2,087‑square‑foot building on a 0.39‑acre site; Drive‑up window and commercial‑style kitchen; Nine on‑site parking spaces
