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Cannabis Commercial Property
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820 Mercer Street, Santa Fe, NM 87505

Located within Santa Fe’s Business Capital District, the property offers a commercial building and associated land area.

Property SizeContact for details
Days on Market4

Property Features for 820 Mercer Street

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Garsa Group
Listed By: Joel Cumplido · License #NM 51964
Source: Crexi
Added: Sep 7 Changed: Sep 9 Last Checked: Sep 10 at 8:23AM

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 Garsa Group

Investment Insights

Based on property information with market context.

This cannabis-focused commercial property includes an approximately 4,479-square-foot building on about 0.35 acres. The asset is identified within the Business Capital District, providing a defined commercial zoning context for the site.

Positioned at 820 Mercer Street in Santa Fe, New Mexico, the property is presented with an NNN investment structure and a pro forma cap rate of 6.98%. The building and land are offered together as one commercial real estate asset.

Key Highlights

  • Approximately 4,479 SF building
  • Approximately 0.35‑acre site
  • BCD, Business Capital District zoning

Property Analytics

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Current Use

Best Daze (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Home Appliance Store Locksmith Catering Service Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,247
Businesses Nearby
269k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 36% Groceries 29% Shops & Services 25% Apparel 10%
Whole Foods Market Groceries
37,075 visits/mo 0.2 miles
Trader Joe's Groceries
32,224 visits/mo 0.5 miles
McDonald's Dining
31,451 visits/mo 0.2 miles
Dunkin' Donuts Dining
21,098 visits/mo 0.4 miles
Starbucks Dining
18,085 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Cannabis property - Located within Santa Fe’s Business Capital District, the property offers a commercial building and associated land area.
Where is this cannabis property located?
The property is located at 820 Mercer Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4,479 SF building; Approximately 0.35‑acre site; BCD, Business Capital District zoning
(505) 473-3434 Call to check price and availability
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