Freestanding Medical Office
New
For Sale
$650,000
409 Botulph Lane, Santa Fe, NM 87505
Five sink-equipped rooms, reception, a kitchenette, and two bathrooms form a flexible interior layout.
Property Size2,069 SF
Price / SF$314.16
Days on Market7
Property Features for 409 Botulph Lane
General Information
Standard status
Active
Size
2,069 SF
Property subtype
Commercial
Building Details
Year Built
1992
Buildings
1
Building Size
2,069 SF
Listing Agency:
SF Brown Real Estate
Listed By:
Alicia Bertram · License #7095
(505) 930-0520
Source:
Lisaharris-realestate
Added: Oct 7
Last Checked: Oct 12 at 5:04PM
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 SF Brown Real Estate
Investment Insights
Based on property information with market context.
This freestanding medical office contains 2,069 square feet on a lot of almost half an acre. Constructed in 1992, the building has five rooms, each with a sink, plus a reception area, kitchenette, two bathrooms, washer and dryer hookups, and a second entrance. Laminate flooring, plaster detailing in the reception area, and abundant natural light are among the interior features. Heating is forced air, and CenturyLink business service is available. Dental equipment can be purchased separately.
Located at 409 Botulph Lane in Santa Fe, the property has a custom dental-office buildout and a layout that may accommodate other uses subject to applicable zoning and use requirements.
Located at 409 Botulph Lane in Santa Fe, the property has a custom dental-office buildout and a layout that may accommodate other uses subject to applicable zoning and use requirements.
Key Highlights
- 2,069‑square‑foot building on almost a half‑acre lot
- Five rooms, each equipped with a sink
- Two bathrooms, kitchenette, reception area, and second entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,624
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,480
$572.5K
Cap Rate 7%
$408,914
$408.9K
Cap Rate 9%
$318,044
$318.0K
Market Conditions
NOI Build-Up for 2,069 SF
Gross rent
$52.1K $25.20/SF
− Vacancy
−$4.4K −$2.14/SF
EGI
$47.7K $23.06/SF
− OpEx
−$19.1K −$9.22/SF
NOI
$28.6K $13.83/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,480
Cap Rate 7%
$408,914
Cap Rate 9%
$318,044
Alternative Uses
Best Use
Healthcare Medical
$408.9K
$357.8K – $477.1K
NOI $28,624 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$407.0K
$356.1K – $474.8K
NOI $28,490 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$561.8K
$491.6K – $655.5K
NOI $39,328 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,171
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Five sink-equipped rooms, reception, a kitchenette, and two bathrooms form a flexible interior layout.
Where is this medical office space located?
The property is located at 409 Botulph Lane Santa Fe, NM.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,069‑square‑foot building on almost a half‑acre lot; Five rooms, each equipped with a sink; Two bathrooms, kitchenette, reception area, and second entrance
