Tenant-Occupied Office
810 Calle Mejia, Santa Fe, NM 87501
For Sale
Contact for pricing
Renovated in 2025, the space has a functional office layout and a lease with Edward Jones through May 2030.
Property Size1,550 SF
Price / SF$329.03
Days on Market12
Property Features for 810 Calle Mejia
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Tenant in Place
Property Use
Building Details
Year Renovated
Tenancy
Listing Agency:
NAI Sun Vista
(505) 338-9878
Listed By:
Lauren D Landavazo · License NM REC20220897
(505) 227-0585
Source:
Moodyscre
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 12 at 5:16AM
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 NAI Sun Vista
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Investment Insights
Based on property information with market context.
This 1,550-square-foot office unit has a functional office buildout and was renovated in 2025. Edward Jones occupies the space under a lease scheduled to expire May 31, 2030, with one five-year renewal option and annual rent escalations.
The owner is responsible for HVAC and property taxes. The property is at 810 Calle Mejia, with quick access to downtown Santa Fe.
The owner is responsible for HVAC and property taxes. The property is at 810 Calle Mejia, with quick access to downtown Santa Fe.
Key Highlights
- 1,550‑square‑foot office unit renovated in 2025
- Edward Jones tenancy with lease expiration on 5/31/2030
- One 5‑year renewal option and annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,344
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,880
$426.9K
Cap Rate 7%
$304,914
$304.9K
Cap Rate 9%
$237,156
$237.2K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$33.5K $21.60/SF
− Vacancy
−$5.0K −$3.24/SF
EGI
$28.5K $18.36/SF
− OpEx
−$7.1K −$4.59/SF
NOI
$21.3K $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%
$426,880
Cap Rate 7%
$304,914
Cap Rate 9%
$237,156
Alternative Uses
Best Use
Office B
$304.9K
$266.8K – $355.7K
NOI $21,344 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.9K
$368.3K – $491.0K
NOI $29,462 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
189
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
$649,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Santa Fe, NM
Properties on Market for Office Units in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated in 2025, the space has a functional office layout and a lease with Edward Jones through May 2030.
Where is this office unit located?
The property is located at 810 Calle Mejia Santa Fe, NM.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 1,550‑square‑foot office unit renovated in 2025; Edward Jones tenancy with lease expiration on 5/31/2030; One 5‑year renewal option and annual rent escalations
