Flex Space with Fenced
New
For Sale
$3,800,000
4523 NM 14, Santa Fe, NM 87508
CommercialSale, Santa Fe, NM
Property Size19,140 SF
Lot Size4.01 Acres
Price / SF$198.52
Days on Market5
Property Features for 4523 NM 14
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
I-25 to Hwy 599 Exit (South) to NM-14. At traffic light turn left. Property is on left side of road. No sign on property.
Standard status
Active
APN
068801707
Size
19,142 SF
Lot size
4.01 Acres
Taxes and HOA fees
Tax Description
T16N R8E S25-26, TRACT B-2A, 4.013 AC
Legal Description
T16N R8E S25-26, TRACT B-2A, 4.013 AC
Utilities
Water source
Public
Building Details
Year built
1992
Listing Agency:
Origins Realty Group
(505) 709-7800
Listed By:
Olga C'de Baca · License #15136
(505) 310-4412
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 23 at 12:06AM
MLS# 202604506
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.
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Investment Insights
Based on property information with market context.
This 19,142-square-foot flex property occupies 4.01 acres and was built in 1992. The building has ceilings approximately 20 feet high, a parking lot, and a fenced storage yard behind it. Public water serves the property. The stated potential uses include manufacturing, warehousing, restaurant, retail, and art or entertainment operations; zoning is identified as a Planned Development District.
The property fronts NM-14 and sits less than a mile from I-25. Santa Fe Regional Airport is 5 miles away. Nearby named businesses and areas include Santa Fe Brewing Company, Rancho Viejo, Colibri, Turquoise Trail, Valle Vista, and Bisbee Court Industrial Park.
The property fronts NM-14 and sits less than a mile from I-25. Santa Fe Regional Airport is 5 miles away. Nearby named businesses and areas include Santa Fe Brewing Company, Rancho Viejo, Colibri, Turquoise Trail, Valle Vista, and Bisbee Court Industrial Park.
Key Highlights
- 19,142‑square‑foot building on 4.01 acres
- Approximately 20‑foot ceilings
- Fenced storage yard at the rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,565
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,031,300
$4.0M
Cap Rate 7%
$2,879,500
$2.9M
Cap Rate 9%
$2,239,611
$2.2M
Market Conditions
NOI Build-Up for 19,142 SF
Gross rent
$344.6K $18.00/SF
− Vacancy
−$34.5K −$1.80/SF
EGI
$310.1K $16.20/SF
− OpEx
−$108.5K −$5.67/SF
NOI
$201.6K $10.53/SF
Area
Santa Fe County, NM
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,031,300
Cap Rate 7%
$2,879,500
Cap Rate 9%
$2,239,611
Alternative Uses
Best Use
Flex RnD
$2.88M
$2.52M – $3.36M
NOI $201,565 @ 7.0% cap · market cap 5.30%
Second Best
Warehouse
$1.65M
$1.44M – $1.93M
NOI $115,587 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$5.20M
$4.55M – $6.06M
NOI $363,851 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87508, NM
19,156
Population
7,782
Households
2.5
Avg Household Size
54
Median Age
50%
College-Educated
90%
High-School Grad
169.2 sq mi
ZIP Area
113
Density / Sq Mi
$96,767
Median Household Income
$43,595
Median Earnings
$1,502
Median Rent
$529,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The building includes a rear storage yard, on-site parking, and approximately 20-foot ceilings.
Where is this flex space located?
The property is located at 4523 NM 14 Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 19,142‑square‑foot building on 4.01 acres; Approximately 20‑foot ceilings; Fenced storage yard at the rear of the building
