Downtown Santa Fe Commercial
647 Cerrillos Rd Santa Fe, NM 87501
For Sale
$930,000
High-visibility commercial building in downtown Santa Fe with permitted uses.
Property Size2,900 SF
Lot Size0.16 Acres
Price / SF$320.69
Days on Market300
Property Features for 647 Cerrillos Rd
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Listing Agency:
BARKER REALTY, LLC
(505) 982-9836
Listed By:
JAMES DELGADO · License #39148
Source:
Corcoran
Added: Sep 30, 2025
Changed: Jul 10
Last Checked: Jul 25 at 5:15AM
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 commercial building, situated in downtown Santa Fe, offers high visibility and is located in the BCD (Business Commercial District). The property encompasses approximately 2,900 square feet of space. Permitted uses include restaurant, bed and breakfast, art gallery, daycare, office building, and retail. The property includes off-street designated parking spaces.
Key Highlights
- Prime downtown Santa Fe location with high visibility.
- Approximately 2,900 sq ft of space.
- BCD zoning allows for various permitted uses like restaurant, B&B, gallery, daycare, office, or retail.
Financial Insights For 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 | $57.4k | $19.80 |
| − Vacancy | −$4.9k | −$1.68 |
| EGI | $52.5k | $18.12 |
| − OpEx | −$15.8k | −$5.44 |
| NOI | $36.8k | $12.68 |
2,900 SF · lease $19.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$525.4K
$459.7K – $613.0K
NOI $36,778 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.5K
$689.0K – $918.7K
NOI $55,123 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Unica Dry ...
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Oldies Flower Co. — 1424 Paseo De Peralta, Santa Fe, NM 87501
FAQs
What type of property is this?
Storefront property - High-visibility commercial building in downtown Santa Fe with permitted uses.
Where is this storefront property located?
The property is located at 647 Cerrillos Rd Santa Fe, NM.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Prime downtown Santa Fe location with high visibility.; Approximately 2,900 sq ft of space.; BCD zoning allows for various permitted uses like restaurant, B&B, gallery, daycare, office, or retail.
