Mixed-Use Property with
New
For Sale
$625,000
500 Camino Solano, Santa Fe, NM 87505
Two residential units and a dedicated salon space create a flexible live-work configuration.
Property Size3,424 SF
Price / SF$182.54
Days on Market2
Property Features for 500 Camino Solano
General Information
Standard status
Active
Size
3,424 SF
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Mixed-Use Components
retail, residential
Building Details
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty
(505) 983-5151
Listed By:
Brian Tercero
(505) 594-9586
Source:
Mrsantaferealestate
Added: Nov 4
Last Checked: Nov 4 at 2:25PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,424-square-foot property in Santa Fe has two levels containing a three-bedroom, two-bath residence, a one-bedroom, one-bath apartment, and a separate salon space. The salon includes three wash stations, two cutting stations, storage, and a waiting area. Each level has a private entrance and separate parking access. The building was constructed in 1983 and has a pitched Pro-Panel metal roof and professionally completed stucco work.
At 500 Camino Solano, the property combines residential space with a dedicated commercial area. The configuration supports a range of live-work arrangements while keeping the apartment and salon distinct from the upper-level residence.
At 500 Camino Solano, the property combines residential space with a dedicated commercial area. The configuration supports a range of live-work arrangements while keeping the apartment and salon distinct from the upper-level residence.
Key Highlights
- 3,424 square feet across two levels
- Upper‑level residence with 3 bedrooms and 2 bathrooms
- Lower level includes a 1‑bedroom, 1‑bath apartment and salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,148
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,960
$943.0K
Cap Rate 7%
$673,543
$673.5K
Cap Rate 9%
$523,867
$523.9K
Market Conditions
NOI Build-Up for 3,424 SF
Gross rent
$74.0K $21.60/SF
− Vacancy
−$11.1K −$3.24/SF
EGI
$62.9K $18.36/SF
− OpEx
−$15.7K −$4.59/SF
NOI
$47.1K $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%
$942,960
Cap Rate 7%
$673,543
Cap Rate 9%
$523,867
Alternative Uses
Best Use
Office B
$673.5K
$589.4K – $785.8K
NOI $47,148 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$671.1K
$587.2K – $783.0K
NOI $46,979 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$929.8K
$813.5K – $1.08M
NOI $65,083 @ 7.0% cap · market cap 10.41%
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
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
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Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units and a dedicated salon space create a flexible live-work configuration.
Where is this mixed-use property located?
The property is located at 500 Camino Solano Santa Fe, NM.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,424 square feet across two levels; Upper‑level residence with 3 bedrooms and 2 bathrooms; Lower level includes a 1‑bedroom, 1‑bath apartment and salon
