Professional Office Condominium
For Sale
$350,000
3600 Rodeo #C3, Santa Fe, NM 87507
Office condominium suite with two private offices, a conference room, and an open collaborative workspace.
Property Size1,584 SF
Price / SF$220.96
Days on Market10
Property Features for 3600 Rodeo #C3
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Commercial
Amenities
Central air
Flat Roof
Parking Available
Parking Lot
Paved
Refrigerated Cooling
Building Details
Year Built
2004
Listing Agency:
BARKER REALTY, LLC
(505) 982-9836
Listed By:
NEDA TALEBREZA · License #50893
Source:
Corcoran
Added: Jul 25
Changed: Jul 27
Last Checked: Aug 3 at 6:05AM
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 professional office condominium suite is located within a well-maintained office complex and is configured with two private offices, a conference room, and an open collaborative workspace. The layout supports a range of day-to-day professional functions while maintaining space for focused work and client meetings.
Positioned just off Rodeo Road in a high-traffic corridor, the property offers convenient accessibility and abundant parking. It is also described as being in close proximity to major retail, medical, office, and financial services.
As an ownership opportunity, the suite provides a ready-made interior for a business looking for a professional office setting within an established office environment.
Positioned just off Rodeo Road in a high-traffic corridor, the property offers convenient accessibility and abundant parking. It is also described as being in close proximity to major retail, medical, office, and financial services.
As an ownership opportunity, the suite provides a ready-made interior for a business looking for a professional office setting within an established office environment.
Key Highlights
- Professional office condominium suite built in 2004
- Includes two private offices plus a conference room
- Open collaborative workspace for flexible team use
Financial Insights For Healthcare Medical
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 | $39.9k | $25.20 |
| − Vacancy | −$3.4k | −$2.14 |
| EGI | $36.5k | $23.06 |
| − OpEx | −$14.6k | −$9.22 |
| NOI | $21.9k | $13.83 |
1,584 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$313.1K
$273.9K – $365.2K
NOI $21,914 @ 7.0% cap · market cap 6.26%
Second Best
Office B
$311.6K
$272.7K – $363.5K
NOI $21,812 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$430.1K
$376.4K – $501.8K
NOI $30,109 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium suite with two private offices, a conference room, and an open collaborative workspace.
Where is this office units located?
The property is located at 3600 Rodeo #C3 Santa Fe, NM.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Professional office condominium suite built in 2004; Includes two private offices plus a conference room; Open collaborative workspace for flexible team use
