Flex Space with Office and
For Lease
$3,779/Mo
3205 Mercantile Court, Santa Fe, NM 87507
CommercialLease, Santa Fe, NM
Space Size2,926 SF
Lot Size0.31 Acres
Days on Market48
Property Features for 3205 Mercantile Court
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
I-1
Standard status
Active
APN
58101254
Size
2,926 SF
Lot size
0.31 Acres
Utilities
Water source
Public
Building Details
Year built
1998
Listing Agency:
Landseer Management
(505) 313-0099
Listed By:
Brant Goodman · License #16424
(505) 690-7311
Added: Jul 24
Changed: Sep 5
Last Checked: Sep 9 at 11:06PM
MLS# 202603279
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 I-1-zoned flex property provides 2,926 square feet in a two-part configuration. The suite includes 993 square feet of climate-controlled office area and 1,993 square feet of warehouse space, creating a practical balance between administrative functions and operational storage or work areas. Built in 1998, the property also has public water service.
Located at 3205 Mercantile Court in Santa Fe, the space is within Richards Avenue Business Park. Its configuration supports businesses seeking office functionality alongside a dedicated warehouse component within one commercial suite.
Located at 3205 Mercantile Court in Santa Fe, the space is within Richards Avenue Business Park. Its configuration supports businesses seeking office functionality alongside a dedicated warehouse component within one commercial suite.
Key Highlights
- 2,926‑square‑foot flex suite
- 993 square feet of climate‑controlled office space
- 1,993‑square‑foot warehouse area
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Casa Nova Custom Catering — 1314 Rufina Cir a7, Santa Fe, NM 87507
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned commercial suite combining climate-controlled offices with warehouse space and public water service.
Where is this flex space located?
The property is located at 3205 Mercantile Court Santa Fe, NM.
What is the lease rate?
The lease rate is $3,779/Mo.
What are key features of this property?
This property features: 2,926‑square‑foot flex suite; 993 square feet of climate‑controlled office space; 1,993‑square‑foot warehouse area
