Restaurant Property with
For Sale
$749,000
222 N Guadalupe Street, Santa Fe, NM 87501
CommercialSale, Santa Fe, NM
Property Size3,709 SF
Lot Size0.15 Acres
Price / SF$201.94
Days on Market182
Property Features for 222 N Guadalupe Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BCD
Directions
St. Francis Drive to Paseo de Peralta. Paseo de Peralta to N. Guadalupe. South on N. Guadalupe to property on right. Look for Remix Audio Bar and Remix after Dark.
Standard status
Active
APN
10193024
Size
3,709 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOTS 17 & 17A
Legal Description
LOTS 17 & 17A
Utilities
Water source
Public
Building Details
Year built
1950
Listing Agency:
Shepler Commercial, LLC
(505) 982-7600
Listed By:
John Shepler · License #8936
(505) 660-5650
Added: Apr 9
Changed: Sep 3
Last Checked: Oct 7 at 6:06PM
MLS# 202601475
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.
Investment Insights
Based on property information with market context.
This Santa Fe property combines restaurant, office, studio, residential, and storage components within a 3,709-square-foot building. The ground floor provides 1,891 square feet of restaurant space, while the upper level contains a 434-square-foot office or studio. A 692-square-foot residential unit occupies the rear, with an additional 692-square-foot storage area below it.
Built in 1950, the property sits on a 0.15-acre lot at 222 N Guadalupe Street in Santa Fe. It is zoned BCD and served by public water. The existing configuration supports a restaurant-oriented commercial property with additional workspace, living space, and storage incorporated into the building.
Built in 1950, the property sits on a 0.15-acre lot at 222 N Guadalupe Street in Santa Fe. It is zoned BCD and served by public water. The existing configuration supports a restaurant-oriented commercial property with additional workspace, living space, and storage incorporated into the building.
Key Highlights
- 1,891 SF ground‑floor restaurant space
- 434 SF upstairs office or studio
- 692 SF rear residential unit with 692 SF of storage below
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,360
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,200
$1.1M
Cap Rate 7%
$805,143
$805.1K
Cap Rate 9%
$626,222
$626.2K
Market Conditions
NOI Build-Up for 3,709 SF
Gross rent
$80.1K $21.60/SF
− Vacancy
−$5.0K −$1.34/SF
EGI
$75.1K $20.26/SF
− OpEx
−$18.8K −$5.07/SF
NOI
$56.4K $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%
$1,127,200
Cap Rate 7%
$805,143
Cap Rate 9%
$626,222
Alternative Uses
Best Use
Specialty Retail
$805.1K
$704.5K – $939.3K
NOI $56,360 @ 7.0% cap · market cap 7.52%
Second Best
Office B
$729.6K
$638.4K – $851.2K
NOI $51,073 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,501 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,310
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-level configuration includes restaurant space, an upstairs office or studio, and a rear residential unit.
Where is this conventional restaurant located?
The property is located at 222 N Guadalupe Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,891 SF ground‑floor restaurant space; 434 SF upstairs office or studio; 692 SF rear residential unit with 692 SF of storage below
