Building Details

Year Built 1983

Listing Agency: Colliers - NM

Listed By: Jyl DeHaven Show Phone

Source: Carnm.resimplifi

Added: Feb 27 Changed: Oct 10 Last Checked: Oct 14 at 7:49PM

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Investment Insights

Based on property information with market context.

This former behavioral health residential treatment facility comprises a 46-bed campus across approximately 5.71 acres. Improvements include housing cabins, group therapy areas, administrative offices, a commercial kitchen, and dining space. The property contains 22,121 square feet and was built in 1983, with a configuration suited to residential care and retreat-oriented operations.

Set in the Sangre de Cristo Foothills of Santa Fe, the campus offers a private setting with views and is located minutes from Santa Fe. RES-F zoning is identified for the property. The existing combination of lodging-style accommodations, treatment areas, administrative space, and food-service infrastructure creates a cohesive healthcare campus configuration.

Key Highlights

• 46‑bed former behavioral health residential treatment facility
• Approximately 5.71‑acre campus in the Sangre de Cristo Foothills
• 22,121‑square‑foot property built in 1983

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$306,040

Cap Rate

8.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,120,800 $6.1M

Cap Rate 7%

$4,372,000 $4.4M

Cap Rate 9%

$3,400,444 $3.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,121 SF

Gross rent

$557.4K $25.20/SF

− Vacancy

−$47.4K −$2.14/SF

EGI

$510.1K $23.06/SF

− OpEx

−$204.0K −$9.22/SF

NOI

$306.0K $13.83/SF

Area

Santa Fe County, NM

Vacancy

8.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,120,800

Cap Rate 7%

$4,372,000

Cap Rate 9%

$3,400,444

Alternative Uses

Best Use

Healthcare Medical

$4.37M

$3.83M – $5.10M (±1% cap)

NOI $306,040 @ 7.0% cap · market cap 8.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.01M

$5.26M – $7.01M (±1% cap)

NOI $420,476 @ 7.0% cap · market cap 12.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Rehabilitation centers

Suggested Use

Top Pick Auto Repair Shop Dental Office Real Estate Agency Plumbing Service Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 87508, NM

19,156

Population

7,782

Households

2.5

Avg Household Size

54

Median Age

50%

College-Educated

90%

High-School Grad

169.2 sq mi

ZIP Area

113

Density / Sq Mi

$96,767

Median Household Income

$43,595

Median Earnings

$1,502

Median Rent

$529,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Rehabilitation center - Former residential treatment campus with cabins, therapy areas, offices, and hospitality-oriented support spaces.

Where is this rehabilitation center located?

The property is located at 25 Vista Point Rd Santa Fe, NM.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 46‑bed former behavioral health residential treatment facility; Approximately 5.71‑acre campus in the Sangre de Cristo Foothills; 22,121‑square‑foot property built in 1983