Live-Work Property with
60 Avenida Aldea Santa Fe, NM 87507
60 Avenida Aldea, Santa Fe, NM, 87507
$799,000
For Sale
$799,000
Ground-floor commercial kitchen and patio with upstairs living quarters, balconies, and mountain views, plus two-car garage and extra rear parking.
Property Size2,688 SF
Price / SF$297.25
Days on Market63
Property Features for 60 Avenida Aldea
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
BARKER REALTY, LLC
(505) 982-9836
Listed by
COZETTE E. HANSEN · License #49928
Source
Corcoran
Added: May 20 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 5:23AM
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 BARKER REALTY, LLC
Investment Insights
Based on property information with market context.
This live-work property is designed with two functional levels, combining residential living above with a built-out lower-level kitchen and workspace. The ground floor features an approximately 1,344-square-foot commercial kitchen setup with a vent hood, three-compartment sink, grease trap, floor drain, handwashing sink, and both customer and employee restrooms. There is also a private patio with mature landscaping and brickwork. The upper level offers a living room, kitchenette with stackable washer and dryer, a full bathroom, a guest bedroom, and a spacious primary suite with an en suite bath and walk-in closet. Both bedrooms open to a private balcony with mountain views.
The property includes a generous two-car garage and additional parking at the rear. Located within the Aldea community in Santa Fe, NM, association dues are approximately $500 per quarter. Existing restaurant equipment is negotiable.
The property includes a generous two-car garage and additional parking at the rear. Located within the Aldea community in Santa Fe, NM, association dues are approximately $500 per quarter. Existing restaurant equipment is negotiable.
Key Highlights
- Year built 2006 live/work property with ~1,344 SF ground‑floor space and upstairs living quarters
- Ground floor includes a built‑out commercial kitchen: vent hood, 3‑compartment sink, grease trap, floor drain, and handwashing sink
- Ground floor restrooms include customer and employee bathrooms, plus a private patio with mature landscaping and brickwork
Local Financial Insights For Specialty Retail
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 | $58.1k | $21.60 |
| − Vacancy | −$3.6k | −$1.34 |
| EGI | $54.5k | $20.26 |
| − OpEx | −$13.6k | −$5.07 |
| NOI | $40.8k | $15.20 |
2,688 SF · lease $21.60/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$583.5K
$510.6K – $680.8K
NOI $40,846 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$729.9K
$638.7K – $851.6K
NOI $51,094 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cafe Aldea
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Ground-floor commercial kitchen and patio with upstairs living quarters, balconies, and mountain views, plus two-car garage and extra rear parking.
Where is this live-work space located?
The property is located at 60 Avenida Aldea Santa Fe, NM.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Year built 2006 live/work property with ~1,344 SF ground‑floor space and upstairs living quarters; Ground floor includes a built‑out commercial kitchen: vent hood, 3‑compartment sink, grease trap, floor drain, and handwashing sink; Ground floor restrooms include customer and employee bathrooms, plus a private patio with mature landscaping and brickwork
