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    Santa Fe Lofts Live/Work Unit Title is generated by Realmo AI

    3600 Cerrillos #1001, Santa Fe, NM 87507

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    For Sale
    $261,000

    Ground floor live/work unit with investment potential in Santa Fe.

    Type:Commercial
    Property size:
    1,332 SF
    Price / SF:
    $195/SF
    Added:
    Sep 30, 2025
    Days on Market:
    252
    Last Refresh:
    Apr 5 at 9:20 pm

    Property Features for 3600 Cerrillos #1001

    General Information

    Standard status
    Active
    Size
    1,332 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1995

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    Listing Contact
    JOHN SHEPLER

    Listing agent JOHN SHEPLER License #8936

    Listing office SHEPLER COMMERCIAL, LLC

    Listing date Sep 30, 2025

    Source Corcoran

    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 SHEPLER COMMERCIAL, LLC

    HighLights

    • Investment property with existing tenants and current NOI of approximately $12,263 plus utilities.
    • Potential for increased rental income; market suggests each office could lease for $600/month.
    • Flexibility to occupy the unit for live/work or other purposes due to month‑to‑month leases.
    • Located in the desirable Cerrillos Lofts, known for its live/work/commercial spaces.
    • End‑cap unit.
    • Ample parking available.

    Overview

    Located in Santa Fe, the Cerrillos Lofts offer a mix of live/work, residential, and commercial investment spaces. This ground floor, end-cap unit, with a size of 1332 square feet, has been used as investment real estate by the current owner. The property is currently occupied by four tenants, each with their own office. The current net operating income is approximately $12,263.00 plus utilities. The leases are currently month to month, providing flexibility for a new owner to either continue renting to the current tenants or use the space themselves. The Cerrillos Lofts has ample parking available. The Lofts in Santa Fe has always been a desirable spot for the Live/Work model, in fact it was conceived for that purpose.

    Local Financial Insights For Office B

    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 $28.8k $21.60
    − Vacancy −$4.3k −$3.24
    EGI $24.5k $18.36
    − OpEx −$6.1k −$4.59
    NOI $18.3k $13.77
    1,332 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $262.0K
    $229.3K – $305.7K (±1% cap)
    NOI $18,342 @ 7.0% cap · market cap 7.03%
    Second Best
    Apartment 5plus
    $261.1K
    $228.5K – $304.6K (±1% cap)
    NOI $18,276 @ 7.0% cap · market cap 7.00%
    Theoretical Best
    Office A
    $361.7K
    $316.5K – $422.0K (±1% cap)
    NOI $25,319 @ 7.0% cap · market cap 9.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Luluscape (Bike/Boat/Book/etc) Store Integrative Medicine Institute Physician English Erin Engineer Michael Ray Martin ... Dental Office Lopez-Hinds Samantha Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.006
    Latitude
    35.6435

    FAQs

    What type of property is this?
    Live-work space - Ground floor live/work unit with investment potential in Santa Fe.
    Where is this live-work space located?
    The property is located at 3600 Cerrillos #1001 Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $261,000.
    What are key features of this property?
    This property features: Investment property with existing tenants and current NOI of approximately $12,263 plus utilities.; Potential for increased rental income; market suggests each office could lease for $600/month.; Flexibility to occupy the unit for live/work or other purposes due to month‑to‑month leases.
    More about this property
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