3600 Cerrillos Road, Santa Fe, NM 87507
- Added:
- Jul 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 10:06 am
Property Features for 3600 Cerrillos Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Interior features
- NoInteriorSteps
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 990001404
- Size
- 1,395 SF
Taxes and HOA fees
- Tax Description
- UNIT 501, .028 AC, THE LOFTS CONDOMINIUM, S5 T16N R 9E Acres: 0.0000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1995
- Roof type
- Flat, Tar/Gravel
- Architectural style
- Contemporary
Listing agent Theresa Shrader License #49724 (505) 930-7070
Listing office Realty One of Santa Fe 125 E Palace Ave, Ste 41, Santa Fe, NM (505) 257-9123
Listing date Jul 6, 2026
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.
HighLights
- Currently 3 units are rented, with 2 units combined and currently empty
- 4‑unit condominium with the possibility for 5 units
- Ground‑floor corner unit with back unit private access to an outdoor patio
- Outdoor patio area includes garden space
- Built in 1995 with contemporary architecture
- Forced‑air natural gas heating with central air; flat tar/gravel roof
Overview
The property is located at 3600 Cerrillos Road in Santa Fe, New Mexico, within C-2 zoning. The back unit includes private access to an outdoor patio space, with the patio set among well-kept garden areas.
For tenants, buyers, or operators seeking a mixed-use living and working environment, the ground-floor corner location and direct patio access can support a variety of everyday arrangements. The current unit mix and the stated possibility to operate as four units, with the possibility for five, may also appeal to those looking for a property that can be adapted to fit changing occupancy or use needs. The existing condition and combination of units provide a practical starting point for evaluating how the space can be utilized.
Local Financial Insights For Multifamily LT 5
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 | $31.0k | $22.20 |
| − Vacancy | −$1.4k | −$1.00 |
| EGI | $29.6k | $21.20 |
| − OpEx | −$8.9k | −$6.36 |
| NOI | $20.7k | $14.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -106.0071184
- Latitude
- 35.6431067
