Mixed-Use Suite with Courtyard
333 Montezuma #4B, Santa Fe, NM 87501
For Sale
$497,000
Two ADA-compliant bathrooms and dedicated storage support a range of commercial uses.
Property Size1,409 SF
Price / SF$352.73
Days on Market202
Property Features for 333 Montezuma #4B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Currently Operating
Amenities
Two ADA bathrooms
Large storage room
Listing Agency:
Dougherty Real Estate Co. LLC
(505) 989-7741
Listed By:
Wm. David Dougherty · License NM #6867
(505) 690-2722
Source:
1stclassrealtyofsantafe
Added: Apr 23
Changed: Nov 10
Last Checked: Nov 9 at 3:05PM
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 Dougherty Real Estate Co. LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use suite currently operates as a contemporary art gallery and faces an enclosed courtyard with windows. The interior includes two ADA-compliant bathrooms and a large storage room. Office or retail use is also identified as a possibility.
Five gated parking spaces are included with the property, with additional free parking available in front for customers or clients.
Five gated parking spaces are included with the property, with additional free parking available in front for customers or clients.
Key Highlights
- Faces a windowed, enclosed courtyard
- Two ADA‑compliant bathrooms
- Large storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,869
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,380
$357.4K
Cap Rate 7%
$255,271
$255.3K
Cap Rate 9%
$198,544
$198.5K
Market Conditions
NOI Build-Up for 1,409 SF
Gross rent
$27.9K $19.80/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$25.5K $18.12/SF
− OpEx
−$7.7K −$5.44/SF
NOI
$17.9K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,380
Cap Rate 7%
$255,271
Cap Rate 9%
$198,544
Alternative Uses
Best Use
Retail
$255.3K
$223.4K – $297.8K
NOI $17,869 @ 7.0% cap · market cap 3.60%
Second Best
Mixed Use
$187.3K
$163.9K – $218.5K
NOI $13,111 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$382.6K
$334.8K – $446.4K
NOI $26,782 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,670
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Apparel 27%
Dining 26%
Hotels & Casinos 8%
REI
Apparel
16,262 visits/mo
0.3 miles
Valero Energy
Shops & Services
14,094 visits/mo
0.4 miles
Blake's LotaBurger
Dining
9,803 visits/mo
0.5 miles
Allsups
Shops & Services
7,478 visits/mo
0.4 miles
La Fogata
Dining
5,948 visits/mo
0.3 miles
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Santa Fe, NM
Properties on Market for Mixed-use properties in Santa Fe
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ADA-compliant bathrooms and dedicated storage support a range of commercial uses.
Where is this mixed-use property located?
The property is located at 333 Montezuma #4B Santa Fe, NM.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: Faces a windowed, enclosed courtyard; Two ADA‑compliant bathrooms; Large storage room
