Building Details

Building Size 901 SF

Year Built 1985

Listing Agency: Keller Williams Realty

Listed By: Francesco Crisafulli · License #52423 Show Phone

Source: Kw

Added: Aug 24, 2025 Changed: Oct 2 Last Checked: Oct 12 at 6:00PM

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Investment Insights

Based on property information with market context.

This updated ground-level end-unit condo features 2 bedrooms and 2 full bathrooms. The home has an open-concept layout connecting the kitchen, dining, and living areas. The primary suite includes an en-suite bath and walk-in closet, while the second bedroom also features a walk-in closet. A separate utility area accommodates laundry. The remodeled kitchen includes cherry wood cabinets with slide-out shelves, granite slab counters, stainless steel appliances, and a breakfast bar. The living area features a fireplace and extends to a covered balcony. Additional features include tile and travertine flooring, ceiling fans, storm doors, nichos, and an in-unit washer/dryer. The bathrooms feature tile counters and tub enclosures. Located in the gated Zia Vista community, residents have access to a swimming pool, hot tub, clubhouse, laundry facility, community court, and walking trails.

Key Highlights

• Remodeled kitchen featuring cherry wood cabinets, granite counters, and stainless steel appliances.
• Ground‑level, end‑unit condo in the gated Zia Vista community.
• Enjoy access to community amenities including a swimming pool, hot tub, clubhouse, and walking trails.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,362

Cap Rate

4.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$247,240 $247.2K

Cap Rate 7%

$176,600 $176.6K

Cap Rate 9%

$137,356 $137.4K

Market Conditions

NOI Build-Up for 901 SF

Gross rent

$23.5K $26.04/SF

− Vacancy

−$985 −$1.09/SF

EGI

$22.5K $24.95/SF

− OpEx

−$10.1K −$11.23/SF

NOI

$12.4K $13.72/SF

Area

Santa Fe County, NM

Vacancy

4.20%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$247,240

Cap Rate 7%

$176,600

Cap Rate 9%

$137,356

Alternative Uses

Best Use

Apartment 5plus

$176.6K

$154.5K – $206.0K (±1% cap)

NOI $12,362 @ 7.0% cap · market cap 4.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$244.7K

$214.1K – $285.4K (±1% cap)

NOI $17,126 @ 7.0% cap · market cap 6.14%

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

Property Analytics

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Current Use

Zia Vista Condominiums Condominium Complex

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Big Box & Wholesale Store Auto Parts Store

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

247

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Move-in-ready condo with modern upgrades and community amenities in Santa Fe.

Where is this apartment building located?

The property is located at 2501 W Zia Road #10-104 Santa Santa Fe, NM.

What is the asking price?

The asking price for this property is $279,000.

What are key features of this property?

This property features: Remodeled kitchen featuring cherry wood cabinets, granite counters, and stainless steel appliances.; Ground‑level, end‑unit condo in the gated Zia Vista community.; Enjoy access to community amenities including a swimming pool, hot tub, clubhouse, and walking trails.