Flex Office/Warehouse
New
For Lease
$5,492/Mo
3209 Mercantile Court, Santa Fe, NM 87507
COMMERCIAL - Santa Fe, NM
Space Size4,252 SF
Lot Size0.33 Acres
Days on Market6
Property Features for 3209 Mercantile Court
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
C-1
Standard status
Active
APN
980000146
Size
4,252 SF
Lot size
0.33 Acres
Utilities
Water source
Public
Building Details
Year built
1999
Listing Agency:
Landseer Management
(505) 313-0099
Listed By:
Brant Goodman · License #16424
(505) 690-7311
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 22 at 5:06PM
MLS# 202603604
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 4,252-square-foot flex property is offered as one tenancy and currently includes approximately 3,640 square feet of office area and 612 square feet of warehouse space. The configuration can be adjusted before occupancy to accommodate a different balance between administrative space and warehouse operations. The property supports potential inventory, light manufacturing, distribution, and client-facing office functions as permitted by the final layout and tenancy requirements.
Located within Richards Avenue Business Park in Santa Fe’s industrial corridor, the property provides direct access to major transportation and transit routes. The building was constructed in 1999, sits on a 0.33-acre lot, and has C-1 zoning with public water service.
Located within Richards Avenue Business Park in Santa Fe’s industrial corridor, the property provides direct access to major transportation and transit routes. The building was constructed in 1999, sits on a 0.33-acre lot, and has C-1 zoning with public water service.
Key Highlights
- 4,252 SF single‑tenancy flex space
- Approximately 3,640 SF of office and 612 SF of warehouse space
- Layout can be reconfigured before occupancy
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Single-tenancy premises combine office and warehouse functions, with layout adjustments available before occupancy.
Where is this flex space located?
The property is located at 3209 Mercantile Court Santa Fe, NM.
What is the lease rate?
The lease rate is $5,492/Mo.
What are key features of this property?
This property features: 4,252 SF single‑tenancy flex space; Approximately 3,640 SF of office and 612 SF of warehouse space; Layout can be reconfigured before occupancy
