Santa Fe Office Park
460 Saint Michaels Drive Santa Fe, NM 87505
460 Saint Michaels Drive, Santa Fe, NM, 87505
$535,330
For Sale
$535,330
SINGLE_FAMILY - Santa Fe, NM
Property Size1,598 SF
Lot Size0.07 Acres
Price / SF$335
Days on Market228
Property Features for 460 Saint Michaels Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Parking
- 7
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 980000993
- Size
- 1,598 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- UNIT 1001, 1002 OFFICE COURT DEV II, LTD LEGAL DESCRIPTION TO BE VERIFIED BY TITLE
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1995
- Flooring type
- Laminate, Tile
- Building materials
- Frame
- Roof type
- Membrane
Listing Agency
Office Court Companies
(505) 424-4600
460 St. Michael's Drive, Suite, Santa Fe, NM
Listed by
Kenneth Joseph · License #15913
(505) 660-5146
Added: Dec 1, 2025 Checked: Jul 17 at 1:06 am
MLS# 202505252
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.
Located in Santa Fe's Premier Courtyard Office Park, this unit is situated near the hospital and features frontage on St. Michael's Drive. Originally the headquarters of a venture capital firm, the 1598-square-foot space includes carved woodwork, a dramatic reception area, and four large offices or conference rooms. The property also features a circular outdoor fountain with benches and numerous operable windows. The unit benefits from great parking. The property is zoned C-1. The lot size is 0.07 acres.
Key Highlights
- Premier courtyard office park location
- St. Michael's frontage
- Caddy corner to hospital
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 | $34.5k | $21.60 |
| − Vacancy | −$5.2k | −$3.24 |
| EGI | $29.3k | $18.36 |
| − OpEx | −$7.3k | −$4.59 |
| NOI | $22.0k | $13.77 |
1,598 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.9K
$379.7K – $506.3K
NOI $30,375 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Courtyard office park unit near hospital with great parking.
Where is this office units located?
The property is located at 460 Saint Michaels Drive Santa Fe, NM.
What is the asking price?
The asking price for this property is $535,330.
What are key features of this property?
This property features: Premier courtyard office park location; St. Michael's frontage; Caddy corner to hospital
