Single-Story Mixed-Use
466 San Francisco Street W, Santa Fe, NM 87501
For Sale
$1,150,000
CommercialSale, Santa Fe, NM
Property Size3,855 SF
Lot Size0.38 Acres
Price / SF$298.31
Days on Market60
Property Features for 466 San Francisco Street W
General Information
Property type
Property subtype
Zoning
Zoning description
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APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
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Sewer type
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Real Estate Advisors, LLC
(505) 539-3200
Listed By:
Tai Bixby · License NM #40315
(505) 577-3524
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 14 at 4:06AM
MLS# 202604056
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 single-story mixed-use property provides 3,855 square feet on a 0.38-acre parcel. The building is fully leased and features adobe, block, and wood-frame construction, with carpet, wood, and tile flooring, a flat roof, and no basement. Public sewer serves the property, and on-site parking is provided on a gravel surface without striping or delineation.
Located at the west end of downtown Santa Fe, the property offers a short walk to the Plaza, the Santa Fe Railyard, and the Guadalupe district. The building dates to 1927 and underwent a substantial remodel in 1985. It carries C-1 zoning and is within the Westside-Guadalupe Historic District with a non-contributing classification. The parcel is mapped in FEMA Zone X.
Located at the west end of downtown Santa Fe, the property offers a short walk to the Plaza, the Santa Fe Railyard, and the Guadalupe district. The building dates to 1927 and underwent a substantial remodel in 1985. It carries C-1 zoning and is within the Westside-Guadalupe Historic District with a non-contributing classification. The parcel is mapped in FEMA Zone X.
Key Highlights
- 3,855 square feet on a 0.38‑acre parcel
- Fully leased mixed‑use property with all occupied spaces
- C‑1 zoning within the Westside‑Guadalupe Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,083
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,660
$1.1M
Cap Rate 7%
$758,329
$758.3K
Cap Rate 9%
$589,811
$589.8K
Market Conditions
NOI Build-Up for 3,855 SF
Gross rent
$83.3K $21.60/SF
− Vacancy
−$12.5K −$3.24/SF
EGI
$70.8K $18.36/SF
− OpEx
−$17.7K −$4.59/SF
NOI
$53.1K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,660
Cap Rate 7%
$758,329
Cap Rate 9%
$589,811
Alternative Uses
Best Use
Office B
$758.3K
$663.5K – $884.7K
NOI $53,083 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$755.6K
$661.2K – $881.5K
NOI $52,892 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.05M
$916.0K – $1.22M
NOI $73,276 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,993
Businesses Nearby
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Business Placement
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Santa Fe, NM
Properties on Market for Mixed-use properties in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial property with C-1 zoning, on-site gravel parking, and convenient access to downtown Santa Fe destinations.
Where is this mixed-use property located?
The property is located at 466 San Francisco Street W Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,855 square feet on a 0.38‑acre parcel; Fully leased mixed‑use property with all occupied spaces; C‑1 zoning within the Westside‑Guadalupe Historic District
