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Standalone Modern Office Building For Sale

2904 E Rodeo Park #200 Santa Fe, NM 87505

Claim this Listing
For Sale
$995,000

Single-level office suite with modern interior in Rodeo Park.

Type:Commercial
Property size:
4,418 SF
Lot size:
1.41 Acres
Price / SF:
$225/SF
Added:
Mar 13, 2026
Days on Market:
121
Last Refresh:
Jul 4 at 11:03 am

Property Features for 2904 E Rodeo Park #200

General Information

Standard status
Active
Size
4,418 SF
Lot size
1.41 Acres
Property subtype
Commercial

Building Details

Year Built
2002

Listing office SF BROWN REAL ESTATE

Listing date Mar 13, 2026

Source Corcoran

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 SF BROWN REAL ESTATE


Investment Insights

Based on property information with market context.

This standalone, single-level office building is available for sale for the first time. The interior features a modern design intended to create a strong first impression. The space includes a reception area with polished concrete floors, exposed structural ceilings, and contemporary lighting. The layout incorporates a curved reception desk, collaborative meeting spaces, a kitchen, a conference room, and private offices. The suite offers a blend of reception, private offices, and open workspace areas, complemented by design accents and natural light. The property has ADA-accessible entry and ground-floor access. It is located in the Rodeo Park Commercial Condominium Business Park with parking available. It is suited for creative, tech, marketing, or professional office users. The property is currently owner-occupied. Condo dues are $2,048.18 per quarter and cover exterior maintenance, master insurance, refuse, and parking lot upkeep. The owner is responsible for their own roof, stucco, and HVAC maintenance. The parking lot was resurfaced in 2025. The property size is 4418 square feet.

Key Highlights

  • Striking, modern interior design with polished concrete floors, exposed ceilings, and contemporary lighting.
  • Functional layout with a blend of reception, private offices, collaborative meeting spaces, kitchen, and conference room.
  • ADA‑accessible entry and convenient ground‑floor access.

Local Financial Insights For Office B

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 $95.4k $21.60
− Vacancy −$14.3k −$3.24
EGI $81.1k $18.36
− OpEx −$20.3k −$4.59
NOI $60.8k $13.77
4,418 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$869.1K
$760.5K – $1.01M (±1% cap)
NOI $60,836 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M (±1% cap)
NOI $83,977 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Tom Ashbrook, ... Dental Office Cisneros Design Inc Marketing & Advertising Nephrology, LLC Medical Clinic Nephrophiles, Llc Physician Souder Miller & Associates ... General Contractor

Suggested Use

Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store Nail Salon Kitchen & Bath Showroom Storage Facility

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

FAQs

What type of property is this?
Office building - Single-level office suite with modern interior in Rodeo Park.
Where is this office building located?
The property is located at 2904 E Rodeo Park #200 Santa Fe, NM.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Striking, modern interior design with polished concrete floors, exposed ceilings, and contemporary lighting.; Functional layout with a blend of reception, private offices, collaborative meeting spaces, kitchen, and conference room.; ADA‑accessible entry and convenient ground‑floor access.
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