Restaurant with Three-Street
3139 Cerrillos Rd, Santa Fe, NM 87507
For Sale
New
Contact for pricing
The operating space includes furniture, fixtures and equipment, with a liquor license available separately.
Property Size5,982 SF
Price / SF$497.33
Days on Market5
Property Features for 3139 Cerrillos Rd
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Road Access
Additional Details
Liquor License
Listing Agency:
NAI SunVista - Albuquerque
(505) 878-0001
Listed By:
Randall Parish · License #NM 49840
(505) 314-4316
Source:
Moodyscre
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 6 at 10:38AM
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 NAI SunVista - Albuquerque
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,982-square-foot restaurant at 3139 Cerrillos Rd includes furniture, fixtures and equipment. The space is described as clean and well maintained, and a liquor license is available separately from the property sale.
The restaurant occupies a hard corner at a signalized intersection and can be reached from three streets. Reported traffic volume is 41,250 cars per day. The property is adjacent to Meow Wolf.
The restaurant occupies a hard corner at a signalized intersection and can be reached from three streets. Reported traffic volume is 41,250 cars per day. The property is adjacent to Meow Wolf.
Key Highlights
- 5,982‑square‑foot restaurant
- Access from three streets at a hard corner
- Signalized intersection with reported traffic of 41,250 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,900
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,000
$1.8M
Cap Rate 7%
$1,298,571
$1.3M
Cap Rate 9%
$1,010,000
$1.0M
Market Conditions
NOI Build-Up for 5,982 SF
Gross rent
$129.2K $21.60/SF
− Vacancy
−$8.0K −$1.34/SF
EGI
$121.2K $20.26/SF
− OpEx
−$30.3K −$5.07/SF
NOI
$90.9K $15.20/SF
Area
Santa Fe County, NM
Vacancy
6.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,000
Cap Rate 7%
$1,298,571
Cap Rate 9%
$1,010,000
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $90,900 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.90M
NOI $113,706 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
41,250 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
406k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 30%
Shops & Services 16%
Home Improvements & Furnishings 13%
Walmart
Superstores
99,083 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
44,288 visits/mo
0.4 miles
McDonald's
Dining
32,626 visits/mo
0.4 miles
Big Lots
Superstores
21,756 visits/mo
0.1 miles
Murphy USA
Shops & Services
19,246 visits/mo
0.1 miles
Demographics for 87507, NM
51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operating space includes furniture, fixtures and equipment, with a liquor license available separately.
Where is this conventional restaurant located?
The property is located at 3139 Cerrillos Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 5,982‑square‑foot restaurant; Access from three streets at a hard corner; Signalized intersection with reported traffic of 41,250 cars per day
