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Updated Condo in Gated Community

2501 W Zia Road #10-104 Santa Fe, NM 87505

2501 W Zia Road #10-104, Santa Fe, NM, 87505
$279,000
For Sale
Claim this Listing
$279,000

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

Property Size901 SF
Price / SF$309.66
AddedAug 23, 2025
Days on Market327
Last RefreshJul 4 at 10:40 pm

Property Features for 2501 W Zia Road #10-104

General Information

Standard status
Active
Size
901 SF
Property subtype
Condominium

Building Details

Year Built
1985

Listing office Home Quest Realty

Listing date Aug 23, 2025

Source Kw

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Home Quest Realty


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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $23.5k $26.04
− Vacancy −$985 −$1.09
EGI $22.5k $24.95
− OpEx −$10.1k −$11.23
NOI $12.4k $13.72
901 SF · lease $26.04/SF/yr · vacancy 4.20% · expense 45.00%

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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Zia Vista Condominiums Condominium Complex

Suggested Use

Bakery Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist Kitchen & Bath Showroom

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

FAQs

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 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.
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