Ground-Floor Office Unit with Collaborative
For Sale
Contact for pricing
2904 E Rodeo Park Drive #200, Santa Fe, NM 87505
A single-level workplace combines private offices, open work areas, meeting rooms, and a kitchen.
Property Size4,418 SF
Price / SF$1.67
Days on Market98
Property Features for 2904 E Rodeo Park Drive #200
General Information
Standard status
Active
Size
4,418 SF
Property subtype
Office
Space & Availability
Floor
Ground Floor
Condition
Built-Out
Additional Details
HOA Fee
$682.73
Property Use
Office
Amenities
collaborative meeting spaces
kitchen
conference room
ample natural light
Building Details
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
SF Brown Real Estate
(505) 473-7740
Listed By:
Alicia Bertram · License #48316
(505) 930-0520
Source:
1stclassrealtyofsantafe
Added: Jul 31
Changed: Nov 5
Last Checked: Nov 5 at 4:32AM
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
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Investment Insights
Based on property information with market context.
This 4,418-square-foot office unit is arranged on one level, with reception, private offices, open workspace, collaborative meeting areas, a conference room, and a kitchen. Interior details include polished concrete floors, exposed structural ceilings, contemporary lighting, and a curved reception desk. The building dates to 2002 and has an ADA-accessible entrance.
The unit is located in Rodeo Park Commercial Condominium Business Park in Santa Fe. Parking is available in the business park, and the lot was resurfaced in 2025. Condominium dues cover exterior landscaping, master insurance, and parking lot maintenance; the owner handles roof, stucco, and HVAC maintenance.
The unit is located in Rodeo Park Commercial Condominium Business Park in Santa Fe. Parking is available in the business park, and the lot was resurfaced in 2025. Condominium dues cover exterior landscaping, master insurance, and parking lot maintenance; the owner handles roof, stucco, and HVAC maintenance.
Key Highlights
- 4,418‑square‑foot office unit in a single‑level layout
- Reception, private offices, open workspace, meeting areas, conference room, and kitchen
- ADA‑accessible entrance with ground‑floor access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,720
$1.2M
Cap Rate 7%
$869,086
$869.1K
Cap Rate 9%
$675,956
$676.0K
Market Conditions
NOI Build-Up for 4,418 SF
Gross rent
$95.4K $21.60/SF
− Vacancy
−$14.3K −$3.24/SF
EGI
$81.1K $18.36/SF
− OpEx
−$20.3K −$4.59/SF
NOI
$60.8K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,720
Cap Rate 7%
$869,086
Cap Rate 9%
$675,956
Alternative Uses
Best Use
Office B
$869.1K
$760.5K – $1.01M
NOI $60,836 @ 7.0% cap · market cap 826.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,977 @ 7.0% cap · market cap 1,140.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A single-level workplace combines private offices, open work areas, meeting rooms, and a kitchen.
Where is this office unit located?
The property is located at 2904 E Rodeo Park Drive #200 Santa Fe, NM.
What are key features of this property?
This property features: 4,418‑square‑foot office unit in a single‑level layout; Reception, private offices, open workspace, meeting areas, conference room, and kitchen; ADA‑accessible entrance with ground‑floor access
