435 Saint Michaels Drive, Santa Fe, NM 87505

Building Details

Year built

1985

Listing agent Jacob Rocker License #52736 Show Phone

Listing office Real Estate Advisors, LLC 1227 Paseo de Peralta, Albuquerque, NM Show Phone

Listing date Jun 15, 2026

Report an issue

MLS# 202602677

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.

---

Overview

St. Michael's Medical Park is a physically unified medical office complex comprising nine tenant spaces and is currently 100% occupied. The offering totals 27,839 square feet and sits on a 2.02-acre site. The property is identified for medical office use within zoning H-Z.

The complex is positioned at the entrance to the Christus St. Vincent healthcare campus, which includes a northern New Mexico regional hospital and a newly built 80,000 SF cancer diagnostic and treatment center. The campus is described as the largest concentration of healthcare infrastructure in the region, serving a catchment area of 200,000+ residents across four counties.

This property is well suited for medical office operators seeking proximity to an established healthcare destination, supported by an on-site tenant roster across multiple suites. For investors, the current occupancy is complemented by an NOI of $576,000 and rents described as 8% below market, providing a basis for underwriting that incorporates independent mark-to-market assumptions. The remarks also note that redevelopment or new competing supply is constrained by zoning constraints, historic preservation requirements, and construction economics that are described as making new development infeasible.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Similar Places Nearby

• Veterinarian In Santa Fe — 1622 Galisteo St a, Santa Fe, NM 87505

Location Insight

• Map
• Local Demand

City

Santa Fe

County

Santa Fe

State

New Mexico

Longitude

-105.9424027

Latitude

35.6574386

Nearby Similar for Sale

• 

  $1,520,000

  5,182 SF

  Live-Work Commercial Building

  Two-story container-style building with elevator, flexible unit metering, and a self-contained studio apartment.

  1226 Flagman Way, Santa Fe, NM 87505

  View Details
• 

  $1,500,000

  3,500 SF

  Turnkey Restaurant Space on Cerrillos Rd

  Fully built-out restaurant space with high visibility and strong traffic.

  1710 Cerrillos, Santa Fe, NM 87505

  View Details
• 

  $1,700,000

  9,592 SF

  Santa Fe Office/Research Facility

  9,592 SF office/research facility on 0.9 acres in Santa Fe.

  124 Siringo Road, Santa Fe, NM 87505

  View Details
• 

  $4,250,000

  7,600 SF

  Class A Office Building

  Remodeled office building near the New Mexico State Capitol.

  1048 Paseo De Peralta, Santa Fe, NM 87501

  View Details
• 

  $995,000

  4,418 SF

  Modern Office Building For Sale

  Standalone office with modern interior, ideal for creative professionals.

  2904 E Rodeo Park Drive, Santa Fe, NM 87505

  View Details
• 

  $575,000

  3,345 SF

  Santa Fe Commercial Property For Sale

  High-traffic commercial property with five units in a prime location.

  1915 Cerrillos Rd, Santa Fe, NM 87505

  View Details
• 

  $2,900,000

  19,911 SF

  Downtown Office Building with Leased Restaurant

  Three-story office building with ADA access and a fully leased restaurant suite, plus offsite parking included.

  142 W Palace, Santa Fe, NM 87501

  View Details
• 

  $930,000

  2,746 SF

  Freestanding Commercial Building on Cerrillos

  Rare commercial building on high-traffic corridor, ideal for owner-user.

  647 Cerrillos Road, Santa Fe, NM 87501

  View Details
• 

  $3,250,000

  20,467 SF

  Professional Office Building in Santa Fe

  Two-story office building near medical hub with flexible configurations.

  2006 Botulph Road, Santa Fe, NM 87505

  View Details
• 

  $675,000

  3,064 SF

  Three-Unit Triplex with Assigned Parking

  Well-maintained triplex with individually metered utilities and in-unit laundry for each unit.

  2702, 2710, 2712 Calle De Oriente Norte, Santa Fe, NM 87507

  View Details
• 

  $1,210,000

  5,975 SF

  Ranch Compound with Indoor Arena

  Rural residential compound with three residences, a heated pool, and an indoor riding arena for year-round equestrian use.

  54 Rons Road, Santa Fe, NM 87508

  View Details
• 

  $3,041,053

  11,440 SF

  Santa Fe Multifamily Investment Opportunity

  Multifamily property near Meow Wolf with diverse unit sizes.

  3226 Rufina Street, Santa Fe, NM 87507

  View Details

FAQs

What type of property is this?

Medical Office Space - Unified medical office park positioned at the entrance of a major regional healthcare campus with nine fully occupied tenants.

Where is this medical office space located?

The property is located at 435 Saint Michaels Drive Santa Fe, NM.

What is the asking price?

The asking price for this property is $9,000,000.

What are key features of this property?

This property features: St. Michael's Medical Park at the entrance to the Christus St. Vincent healthcare campus in northern New Mexico; Built in 1985 with public water service and parking lot parking; 100% occupied by nine tenants with an NOI of $576,000