460 Saint Michaels #704 Santa Fe, NM 87505
Office suite with reception area and galley in Santa Fe.
Property Features for 460 Saint Michaels #704
General Information
- Standard status
- Active
- Size
- 664 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing office OFFICE COURT COMPANIES (505) 424-4600
Listing date Apr 9, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of OFFICE COURT COMPANIES
Investment Insights
Based on property information with market context.
Key Highlights
- Outstanding location caddy corner from Christus St. Vincent's
- Large Office, Open Office, and Separate Reception
- Galley
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 | $14.3k | $21.60 |
| − Vacancy | −$2.2k | −$3.24 |
| EGI | $12.2k | $18.36 |
| − OpEx | −$3.0k | −$4.59 |
| NOI | $9.1k | $13.77 |
