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Plaza Santa Fe Shopping Center
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3533 Zafarano Dr, Santa Fe, NM 87507

C2-zoned retail center with established anchor tenants and access to a broad regional trade area.

Space SizeContact for details
Days on Market1156

Property Features for 3533 Zafarano Dr

General Information

Standard status Active
Property subtype Retail
Zoning C2
Listing Agency: Pegasus Group LLC
Listed By: Anthony Johnson · License #53275
Source: Carnm.resimplifi
Added: Jul 1, 2023 Changed: Aug 29 Last Checked: Aug 29 at 5:56PM

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 Pegasus Group LLC

Investment Insights

Based on property information with market context.

Plaza Santa Fe is a 116,900-square-foot shopping center situated on approximately 20.4 acres. The property carries C2 zoning and includes a retail environment anchored by Target and Albertson's, with additional food and beverage tenants including Panda Express and Starbucks.

The center occupies the meeting point of Zafarano, Rodeo Road, and Cerrillos Road in Santa Fe. It is positioned across from the 695,000-square-foot Santa Fe Place Mall and San Ysidro Plaza, which includes Regal Cinema and Lowe's Home Improvement. The stated trade area includes Metro Santa Fe and northern New Mexico counties, with a population exceeding 250,000.

Key Highlights

  • 116,900‑square‑foot shopping center on approximately 20.4 acres
  • C2 zoning
  • Anchor tenants include Target and Albertson's

Property Analytics

Current Use

Best Buy Electronics & Wireless Store Geek Squad Tech Support Center

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,024
Businesses Nearby
796k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 27% Dining 24% Apparel 17% Superstores 13%
Sam's Club Superstores
102,489 visits/mo 0.3 miles
T.J. Maxx Apparel
47,318 visits/mo 0.1 miles
Lowe's Home Improvements & Furnishings
35,939 visits/mo 0.3 miles
Hobby Lobby Shops & Services
35,793 visits/mo 0.5 miles
Dillard's Apparel
34,820 visits/mo 0.4 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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - C2-zoned retail center with established anchor tenants and access to a broad regional trade area.
Where is this shopping center located?
The property is located at 3533 Zafarano Dr Santa Fe, NM.
What are key features of this property?
This property features: 116,900‑square‑foot shopping center on approximately 20.4 acres; C2 zoning; Anchor tenants include Target and Albertson's
More about this property
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