Freestanding Medical
New
For Sale
$650,000
409 Botulph Lane, Santa Fe, NM 87505
CommercialSale, Santa Fe, NM
Property Size2,069 SF
Lot Size0.41 Acres
Price / SF$314.16
Days on Market2
Property Features for 409 Botulph Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking
25
Parking features
Parking Lot
Directions
Coming from Botulph Rd. turn into the culdesac property is straight ahead at 409 Botulph Ln. (Dr. Christopher Chris Spier, DDS)
Standard status
Active
APN
1053097430114000000
Size
2,069 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
T17N R 9E S35 .409 AC
Legal Description
T17N R 9E S35 .409 AC
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
two bathrooms
kitchenette
reception area
washer/dryer hookups
second entrance
laminate wood flooring
plaster detailing
forced-air heating
CenturyLink business service
Building Details
Year built
1992
Flooring type
Laminate
Building materials
Frame
Roof type
Flat
Listing Agency:
SF Brown Real Estate
(505) 473-7740
Listed By:
Alicia Bertram · License #48316
(505) 930-0520
Added: Oct 6
Last Checked: Oct 7 at 12:06AM
MLS# 202604338
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding medical office property contains 2,069 square feet on a 0.41-acre lot and was built in 1992. The interior has five rooms, each with a sink, along with a reception area, kitchenette, two bathrooms, and washer and dryer hookups. Laminate flooring and plaster detailing are present in the reception area. Forced-air heating serves the building, and dental equipment is available for separate purchase.
The property is zoned C-1 and has a parking lot, public water, and public sewer. A second entrance provides another point of access to the building.
The property is zoned C-1 and has a parking lot, public water, and public sewer. A second entrance provides another point of access to the building.
Key Highlights
- 2,069‑square‑foot medical office on a 0.41‑acre lot
- Five rooms, each with its own sink
- Reception area, kitchenette, two bathrooms, and washer and dryer hookups
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.
Property Analytics
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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 rooms with individual sinks, a reception area, and a separate second entrance shape the 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 medical office on a 0.41‑acre lot; Five rooms, each with its own sink; Reception area, kitchenette, two bathrooms, and washer and dryer hookups
