End-Cap Live-Work
3600 Cerrillos Road #1001, Santa Fe, NM 87507
For Sale
$261,000
The ground-floor plan is configured as separate offices, with current occupancy by multiple tenants.
Property Size1,332 SF
Price / SF$195.95
Days on Market421
Property Features for 3600 Cerrillos Road #1001
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Shepler Commercial, LLC
(505) 982-7600
Listed By:
John Shepler · License NM #8936
(505) 660-5650
Source:
Goldenshieldsrealty
Added: Sep 15, 2025
Changed: Nov 7
Last Checked: Nov 9 at 3:41AM
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
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Investment Insights
Based on property information with market context.
At 1,332 square feet, this ground-floor live-work space is configured as four private offices and currently has four tenants. The leases are month to month. Built in 1995, the end-cap unit is zoned C-2 and has served as an income-producing property for its current owner.
The property is located at 3600 Cerrillos Road in Santa Fe. Parking is available throughout the Cerrillos Lofts complex.
The property is located at 3600 Cerrillos Road in Santa Fe. Parking is available throughout the Cerrillos Lofts complex.
Key Highlights
- 1,332‑square‑foot ground‑floor live‑work unit
- Four private offices, each occupied by a tenant
- Month‑to‑month lease terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,342
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,840
$366.8K
Cap Rate 7%
$262,029
$262.0K
Cap Rate 9%
$203,800
$203.8K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$28.8K $21.60/SF
− Vacancy
−$4.3K −$3.24/SF
EGI
$24.5K $18.36/SF
− OpEx
−$6.1K −$4.59/SF
NOI
$18.3K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,840
Cap Rate 7%
$262,029
Cap Rate 9%
$203,800
Alternative Uses
Best Use
Office B
$262.0K
$229.3K – $305.7K
NOI $18,342 @ 7.0% cap · market cap 7.03%
Second Best
Mixed Use
$177.1K
$154.9K – $206.6K
NOI $12,394 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$361.7K
$316.5K – $422.0K
NOI $25,319 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
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
$333,300
Median Home Value
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Market
Average Price Trend$/SF for Live-work space in Santa Fe, NM
Properties on Market for Live-work space in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - The ground-floor plan is configured as separate offices, with current occupancy by multiple tenants.
Where is this live-work space located?
The property is located at 3600 Cerrillos Road #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: 1,332‑square‑foot ground‑floor live‑work unit; Four private offices, each occupied by a tenant; Month‑to‑month lease terms
