4 N Chamisa Dr Santa Fe, NM 87508
Extensively renovated building with a front gallery/event space, apartments, and private art studios.
Property Features for 4 N Chamisa Dr
General Information
- Standard status
- Active
- Size
- 4,815 SF
- Lot size
- 2.32 Acres
Listing office Berkshire Hathaway HomeService (505) 690-2175
Listing date Jun 16, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The building is located in the Eldorado area of Santa Fe with direct access and visibility along U.S. Highway 285. The property sits on 2.32± acres and is offered as both real property and an operating business concept. The sale includes the underlying real property and the operating model/infrastructure, with the note that the Jenn Tough Gallery name, branding, and associated online assets are not included; the buyer will operate under a new business name and branding.
The mixed-use configuration supports ongoing gallery-and-lodging operations along with the included studio facilities, providing a diversified layout for events and curated experiences within the current residency model.
Key Highlights
- 4,815± SF building on 2.32± acres with direct access and visibility along U.S. Highway 285 in the Eldorado area of Santa Fe
- Mixed‑use setup includes front‑of‑house gallery/event space, five residential apartments, and five private art studios
- Property operates as a gallery‑centered artist residency campus with 1–2 week stays for visiting artists
Local Financial Insights For Apartment 5plus
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 | $125.4k | $26.04 |
| − Vacancy | −$5.3k | −$1.09 |
| EGI | $120.1k | $24.95 |
| − OpEx | −$54.1k | −$11.23 |
| NOI | $66.1k | $13.72 |
