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Multi-Tenant Freestanding Retail Building
For Sale
$3,017,687

3777 Cerrillos Rd, Santa Fe, NM 87507

Three occupied suites serve a prominent signalized intersection in a major Santa Fe trade area.

Property Size5,473 SF
Lot Size0.77 Acres
Price / SF$551.38
Days on Market209

Property Features for 3777 Cerrillos Rd

General Information

Standard status Active
Size 5,473 SF
Lot size 0.77 Acres
Property subtype Retail
Zoning C-2 (PUD)
Occupancy 100%

Site & Location

Corner Location Yes
Traffic Count 51,096 vehicles/day

Building Details

Buildings 1
Tenancy Multi
Listing Agency: CBRE
Listed By: Jim Dountas · License #45995
Source: Carnm.resimplifi
Added: Feb 1 Changed: Aug 29 Last Checked: Aug 29 at 4:46PM

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 CBRE

Investment Insights

Based on property information with market context.

This freestanding retail property contains 5,473 square feet across three separate suites on approximately 0.77 acres. Each suite is occupied by a national credit tenant, creating a fully leased multi-tenant configuration. The property is zoned C-2 (PUD), supporting its established retail setting.

Positioned at the northeast corner of Cerrillos Road and Vegas Verdes Drive, the site benefits from a signalized intersection and reported traffic of 51,096 vehicles per day on Cerrillos Road. The surrounding area includes established neighborhoods, new residential development, and a regional shopping environment with a 569,500-square-foot mall, Target, Sam’s Club, Home Depot, Walmart, Lowe’s, Regal Theaters, Sprouts, and Albertson’s.

The property serves both nearby Santa Fe residents and people who work in the market, with three occupied suites supporting a diversified retail layout.

Key Highlights

  • 5,473± SF freestanding retail building on ±0.77 acres
  • Three separate suites occupied by national credit tenants
  • 100% leased multi‑tenant retail configuration

Property Analytics

Current Use

Firehouse Subs Piazza ... Take-out & Catering Rush My Passport Travel Agency FedEx Office Print ... Courier Service FedEx Drop Box Postal Service GameStop Arcade & Gaming Center

Suggested Use

Top Pick Real Estate Agency Pet Grooming Service Electrical Service (Bike/Boat/Book/etc) Store Law Firm Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

51,096 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

942
Businesses Nearby
645k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 25% Dining 23% Superstores 16% Apparel 12%
Sam's Club Superstores
102,489 visits/mo 0.3 miles
T.J. Maxx Apparel
47,318 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
35,939 visits/mo 0.4 miles
Best Buy Electronics
33,720 visits/mo 0.2 miles
Ross Dress for Less Apparel
31,752 visits/mo 0.2 miles

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Three occupied suites serve a prominent signalized intersection in a major Santa Fe trade area.
Where is this retail space located?
The property is located at 3777 Cerrillos Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,017,687.
What are key features of this property?
This property features: 5,473± SF freestanding retail building on ±0.77 acres; Three separate suites occupied by national credit tenants; 100% leased multi‑tenant retail configuration
More about this property
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