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    Office Condominium with Conference Room Title is generated by Realmo AI

    2209 Brothers Road, Santa Fe, NM 87505

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    For Lease
    $4,500/Mo $22 SF/Yr (calc)

    COMMERCIAL - Santa Fe, NM

    Type:Office
    Property size:
    2,353 SF
    Added:
    May 22, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 2209 Brothers Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    C-1
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    0910014077
    Size
    2,353 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Flooring type
    Tile, Carpet
    Building materials
    Frame, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Abby Salinas

    Listing agent Abby Salinas License #20613

    Listing office Berkshire Hathaway HomeService 123 Marcy St. Ste 101, Santa Fe, NM

    Listing date May 22, 2026

    MLS# 202601807

    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.

    HighLights

    • Commercial condominium in the St. Francis office corridor with wheelchair access and bus‑line access
    • Includes 5 offices, large reception area, conference room, 2 bathrooms, and 2 storage closets
    • 12 parking spaces plus 2 handicap spaces for clients and visitors
    • CAM charges of $921 included in the rent
    • Built in 2006 with frame and stucco construction, flat roof, tile and carpet flooring
    • Utilities include public water and public sewer; heating is forced air with natural gas and central air

    Overview

    This commercial office condominium is configured to support a staffed office environment, with five private offices plus a large reception area designed for greeting visitors and managing day-to-day traffic. The unit also includes a dedicated conference room, two bathrooms, and two storage closets for organized workflow. Wheelchair access into the building helps accommodate a wider range of visitors, and the property is set within mature landscaping.

    Located in the St. Francis office corridor, the suite benefits from convenient public access, including being on a bus line. Parking is available on-site with 12 spaces, including two handicap spaces for client and employee convenience. The listing also notes CAM charges of $921 included in the rent, which can simplify monthly budgeting for a tenant.

    This layout fits professional users seeking a ready-to-occupy office with a reception function and meeting space. With multiple rooms for staff and client meetings, it may be well-suited for service-oriented teams that want private offices, a conference room, and straightforward access for customers and visitors.
    Location Intelligence

    Current Use by Public Records

    Vet Center Santa ... Community Center US Veterans Counseling ... Advocacy Group ReNew Mexico Association / Organization Oxford Wealth Advisors, ... Financial Advisor Otero Consulting Business Management Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9520757
    Latitude
    35.6512932

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    FAQs

    What type of property is this?
    Office units - Office suite with multiple offices, reception, conference room, and ADA access plus on-site parking for clients and staff.
    Where is this office units located?
    The property is located at 2209 Brothers Road Santa Fe, NM.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Commercial condominium in the St. Francis office corridor with wheelchair access and bus‑line access; Includes 5 offices, large reception area, conference room, 2 bathrooms, and 2 storage closets; 12 parking spaces plus 2 handicap spaces for clients and visitors
    (505) 570-9286
    We can help!
    Listing Contact
    Abby Salinas
    Real Estate License ID: 20613
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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