Move-In Ready Office
For Sale
$349,000
Pending
3 Caliente Road, Santa Fe, NM 87508
SINGLE_FAMILY - Santa Fe, NM
Property Size1,390 SF
Days on Market50
Property Features for 3 Caliente Road
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial Neighborhood
Parking features
Parking Lot
Subdivision
Eldorado
Directions
From 285, left onto Avenida Eldorado, Right onto Caliente Rd, complex is on the right, unit 9
Standard status
Pending
APN
910019868
Size
1,390 SF
Taxes and HOA fees
Tax Description
CONDOS UNIT 9 THE VILLAGE OFFICE T15N R10E S 9 To be determined by title binder
Legal Description
CONDOS UNIT 9 THE VILLAGE OFFICE T15N R10E S 9 To be determined by title binder
Building Details
Year built
2008
Roof type
Flat
Listing Agency:
Barker Realty, LLC
(505) 982-9836
Listed By:
Natalie Rivera Benavent · License #49334
(505) 982-9836
Added: Jun 11
Changed: Jun 23
Last Checked: Jul 30 at 9:06PM
MLS# 202602457
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This move-in ready commercial suite offers approximately 1,390 square feet of well-laid-out office space designed for day-to-day client and team use. The interior includes a bright reception area, an inviting sitting space, and three versatile rooms that can support a range of professional workflows. Natural light helps keep the space feeling open, and the unit also features a well-appointed kitchen with ample cabinetry for staff convenience.
Located at 3 Caliente Road in Santa Fe, New Mexico, the suite is part of an established complex with nearby businesses that include doctors, attorneys, and restaurants. The property remarks note a neighborhood supermarket within walking distance and a nearby park for breaks between meetings. The complex also provides generous, stress-free parking intended to make arrivals easier for clients and staff.
With its combination of reception space, multiple rooms, and an in-suite kitchen, the layout is well-suited for professional tenants seeking a turnkey office environment. Organizations that value a polished front-of-house area and flexible back-office or meeting space should find the arrangement practical for operations today, whether starting a new practice or expanding an existing one.
Located at 3 Caliente Road in Santa Fe, New Mexico, the suite is part of an established complex with nearby businesses that include doctors, attorneys, and restaurants. The property remarks note a neighborhood supermarket within walking distance and a nearby park for breaks between meetings. The complex also provides generous, stress-free parking intended to make arrivals easier for clients and staff.
With its combination of reception space, multiple rooms, and an in-suite kitchen, the layout is well-suited for professional tenants seeking a turnkey office environment. Organizations that value a polished front-of-house area and flexible back-office or meeting space should find the arrangement practical for operations today, whether starting a new practice or expanding an existing one.
Key Highlights
- Move‑in ready commercial suite within an established complex
- Approx. 1,390 SF layout with bright reception area, sitting space, and three versatile rooms
- Includes a kitchen with ample cabinetry
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 | $30.0k | $21.60 |
| − Vacancy | −$4.5k | −$3.24 |
| EGI | $25.5k | $18.36 |
| − OpEx | −$6.4k | −$4.59 |
| NOI | $19.1k | $13.77 |
1,390 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.4K
$239.3K – $319.0K
NOI $19,140 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.3K – $440.4K
NOI $26,421 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
242
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Bright office suite with reception area, three rooms, and a kitchen in an established complex.
Where is this office units located?
The property is located at 3 Caliente Road Santa Fe, NM.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Move‑in ready commercial suite within an established complex; Approx. 1,390 SF layout with bright reception area, sitting space, and three versatile rooms; Includes a kitchen with ample cabinetry
