Flexible Industrial Condominium For
For Sale
$339,000
36 Bisbee #E, Santa Fe, NM 87508
2,000 SF industrial condo with loading dock and bay door.
Property Size2,000 SF
Price / SF$169.50
Days on Market218
Property Features for 36 Bisbee #E
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
BARKER REALTY, LLC
(505) 982-9836
Listed By:
COZETTE E. HANSEN · License #49928
Source:
Corcoran
Added: Dec 24, 2025
Changed: Jul 10
Last Checked: Jul 30 at 8:49AM
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 BARKER REALTY, LLC
Investment Insights
Based on property information with market context.
This flexible industrial condominium features approximately 25ft clear-span space. It includes one 12ft grade-level bay door and one loading dock with a 12ft rollup door. The unit also contains a private office, an in-suite restroom, and skylights throughout. This space is well suited for small-scale distribution, light manufacturing, storage, or warehouse/showrooms. The property has ample on-site parking, a convenient location, and easy access to Highway 599, I-25, and Highway 14. It is part of a well-maintained condominium association with monthly dues of approximately $200. The 2,000 SF unit is currently owner-occupied and may be available for a sale-leaseback opportunity.
Key Highlights
- Convenient location with easy access to Highway 599, I‑25, and Highway 14.
- Flexible 25ft clear‑span space suitable for distribution, manufacturing, storage, or warehouse/showrooms.
- Includes both a 12ft grade‑level bay door and a loading dock with a 12ft rollup door.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.00 |
| − Vacancy | −$3.6k | −$1.80 |
| EGI | $32.4k | $16.20 |
| − OpEx | −$11.3k | −$5.67 |
| NOI | $21.1k | $10.53 |
2,000 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$300.9K
$263.3K – $351.0K
NOI $21,060 @ 7.0% cap · market cap 6.21%
Second Best
Warehouse
$172.5K
$151.0K – $201.3K
NOI $12,077 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87508, NM
19,156
Population
7,782
Households
2.5
Avg Household Size
54
Median Age
50%
College-Educated
90%
High-School Grad
169.2 sq mi
ZIP Area
113
Density / Sq Mi
$96,767
Median Household Income
$43,595
Median Earnings
$1,502
Median Rent
$529,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 2,000 SF industrial condo with loading dock and bay door.
Where is this flex space located?
The property is located at 36 Bisbee #E Santa Fe, NM.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Convenient location with easy access to Highway 599, I‑25, and Highway 14.; Flexible 25ft clear‑span space suitable for distribution, manufacturing, storage, or warehouse/showrooms.; Includes both a 12ft grade‑level bay door and a loading dock with a 12ft rollup door.
