Fully Leased Five-Plex
3120 Jemez Road Santa Fe, NM 87507
For Sale
$809,000
Five-plex is fully occupied with long-term tenants, featuring mature landscaping, a gravel driveway, and five parking spaces.
Property Size3,436 SF
Price / SF$235.45
Days on Market108
Property Features for 3120 Jemez Road
General Information
- Standard status
- Active
- Size
- 3,436 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1957
Listing Agency:
Shepler Commercial, LLC
(505) 690-7943
Listed By:
Damon Apodaca · License #48437
(505) 690-7943
Source:
Xome
Added: Apr 7
Changed: Jul 20
Last Checked: Jul 23 at 4:29AM
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 Shepler Commercial, LLC
Investment Insights
Based on property information with market context.
This property is a five-plex that is fully occupied and leased with long-term tenants. The exterior includes mature landscaping and a gravel driveway, along with five parking spaces. Roofs are approximately two years old.
The building is described as being in a quiet location and easily accessible.
Offered for sale as a residential income property with current in-place occupancy.
The building is described as being in a quiet location and easily accessible.
Offered for sale as a residential income property with current in-place occupancy.
Key Highlights
- 5‑plex is fully occupied and leased with long‑term tenants
- 2‑year‑old propanal roofs
- Mature landscaping with a gravel driveway
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 | $89.5k | $26.04 |
| − Vacancy | −$3.8k | −$1.09 |
| EGI | $85.7k | $24.95 |
| − OpEx | −$38.6k | −$11.23 |
| NOI | $47.1k | $13.72 |
3,436 SF · lease $26.04/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$673.5K
$589.3K – $785.7K
NOI $47,144 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$933.0K
$816.4K – $1.09M
NOI $65,311 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-plex is fully occupied with long-term tenants, featuring mature landscaping, a gravel driveway, and five parking spaces.
Where is this apartment building located?
The property is located at 3120 Jemez Road Santa Fe, NM.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: 5‑plex is fully occupied and leased with long‑term tenants; 2‑year‑old propanal roofs; Mature landscaping with a gravel driveway
