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    Versatile Commercial Live-Work Property Title is generated by Realmo AI

    41 Bisbee #B4, Santa Fe, NM 87507

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    Claim this Listing
    For Sale
    $500,000

    Commercial property with office, workspace, loading dock, and live-work potential.

    Type:Commercial
    Property size:
    2,771 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $180/SF
    Added:
    Nov 24, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 5 at 9:11 pm

    Property Features for 41 Bisbee #B4

    General Information

    Standard status
    Active
    Size
    2,771 SF
    Lot size
    0.07 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2006

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    Listing Contact
    DAMON APODACA

    Listing agent DAMON APODACA License #48437

    Listing office SHEPLER COMMERCIAL, LLC

    Listing date Nov 24, 2025

    Source Corcoran

    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 SHEPLER COMMERCIAL, LLC

    HighLights

    • Drive‑up loading dock and large overhead garage door with 23‑foot ceilings in workspace.
    • Live/work potential with upstairs bath/shower and downstairs kitchenette.
    • Four comfortable office spaces (2 up, 2 down) and a nice reception area.
    • Excellent access to I‑25, State Road 14, and 599.
    • Ample parking in both front and back of the property.
    • ADA compliant downstairs bathroom.

    Overview

    This commercial property is suitable for live-work arrangements, featuring an upstairs bathroom with a shower and a downstairs kitchenette. It includes four office spaces, with two located upstairs and two downstairs, along with a reception area. The rear of the property contains a large workspace with 23-foot ceilings, an overhead garage door, and a drive-up loading dock. Parking is available in both the front and back of the building. The office units are equipped with HVAC, while the warehouse/workspace has an evaporative cooler and a gas space heater. The downstairs bathroom is ADA compliant. The property has good access to I25, State Road 14, and 599.

    Local Financial Insights For Office B

    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 $59.9k $21.60
    − Vacancy −$9.0k −$3.24
    EGI $50.9k $18.36
    − OpEx −$12.7k −$4.59
    NOI $38.2k $13.77
    2,771 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $545.1K
    $477.0K – $636.0K (±1% cap)
    NOI $38,157 @ 7.0% cap · market cap 7.63%
    Second Best
    Mixed Use
    $368.3K
    $322.3K – $429.7K (±1% cap)
    NOI $25,784 @ 7.0% cap · market cap 5.16%
    Theoretical Best
    Office A
    $752.4K
    $658.4K – $877.9K (±1% cap)
    NOI $52,671 @ 7.0% cap · market cap 10.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Woodcare Specialist Renovation Specialist Algavan Employment Agency The Hire Firm Employment Agency Independent PDR Specialists Auto Repair Shop Advanced Restoration LLC Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.045
    Latitude
    35.5951

    FAQs

    What type of property is this?
    Live-work space - Commercial property with office, workspace, loading dock, and live-work potential.
    Where is this live-work space located?
    The property is located at 41 Bisbee #B4 Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Drive‑up loading dock and large overhead garage door with **23‑foot ceilings in workspace**.; **Live/work potential** with upstairs bath/shower and downstairs kitchenette.; Four comfortable office spaces (2 up, 2 down) and a nice reception area.
    More about this property
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