Single-Story Mixed-Use
For Sale
$1,150,000
466 San Francisco Street, Santa Fe, NM 87501
Fully leased commercial and residential property with short-term occupancies and C-1 zoning near downtown Santa Fe.
Property Size3,855 SF
Lot Size0.38 Acres
Price / SF$298.31
Days on Market22
Property Features for 466 San Francisco Street
General Information
Standard status
Active
Size
3,855 SF
Lot size
0.38 Acres
Property subtype
Commercial
Zoning
C-1
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1927
Year Renovated
1985
Buildings
1
Stories
1
Building Size
3,855 SF
Construction
adobe, block, wood frame
Tenancy
Multi
Listing Agency:
Real Estate Advisors, LLC
Listed By:
Tai Bixby · License #5026
(505) 577-3524
Source:
Lisaharris-realestate
Added: Sep 19
Changed: Sep 24
Last Checked: Oct 9 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This single-story mixed-use building contains 3,855± square feet on a 0.376± acre parcel. The property includes commercial office space along West San Francisco Street and residential units oriented toward Camino del Campo. All spaces are occupied under short-term or month-to-month arrangements. The building has adobe, block, and wood-frame construction, no basement, and a substantial remodel completed in 1985 after its original construction in 1927.
Located at the west end of downtown Santa Fe, the property is within walking distance of the Plaza, the Santa Fe Railyard, and the Guadalupe district. C-1 zoning applies, and the parcel is within the Westside-Guadalupe Historic District with a non-contributing classification. On-site parking is provided on gravel without striping or delineation. The parcel is mapped in FEMA Zone X.
Located at the west end of downtown Santa Fe, the property is within walking distance of the Plaza, the Santa Fe Railyard, and the Guadalupe district. C-1 zoning applies, and the parcel is within the Westside-Guadalupe Historic District with a non-contributing classification. On-site parking is provided on gravel without striping or delineation. The parcel is mapped in FEMA Zone X.
Key Highlights
- 3,855± square foot mixed‑use building on a 0.376± acre parcel
- Fully leased with short‑term or month‑to‑month occupancies
- Commercial office and residential space in a single‑story layout
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.
Property Analytics
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Open Analytics
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
Explore this area
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
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial and residential property with short-term occupancies and C-1 zoning near downtown Santa Fe.
Where is this mixed-use property located?
The property is located at 466 San Francisco Street 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 foot mixed‑use building on a 0.376± acre parcel; Fully leased with short‑term or month‑to‑month occupancies; Commercial office and residential space in a single‑story layout
