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Office Suite with Mezzanine
For Lease
$14 SF/Yr

851 St. Michaels Drive, Santa Fe, NM 87505

CommercialLease, Santa Fe, NM

Space Size3,000 SF
Lot Size0.89 Acres
Days on Market8

Property Features for 851 St. Michaels Drive

General Information

Property type Commercial Lease
Property subtype Office
Zoning I-1
Directions Located on St. Michaels Drive in southwest Santa Fe, with convenient access to Cerrillos Road, South St. Francis Drive (US-285), and I-25. The property is situated near the intersection of St. Michaels Drive and 5th Street, providing easy access to surrounding commercial areas and local amenities.
Standard status Active
APN 18104145
Size 3,000 SF
Lot size 0.89 Acres

Amenities

floor-to-ceiling windows
skylights

Building Details

Year built 1985
Listing Agency: Real Estate Advisors, LLC
Listed By: Jennifer Dyess · License #53964
Added: Oct 30 Changed: Nov 5 Last Checked: Nov 6 at 3:06PM
MLS# 202604614

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Suites C3/C4 provide 3,000 square feet of office space arranged across ground-floor and mezzanine levels. Floor-to-ceiling windows and skylights bring daylight into the interior, and the layout may be subdivided. The property was built in 1985 and is zoned I-1, with potential applications including office, medical office, retail, showroom, studio, fitness, spa, and service uses.

The property at 851 St. Michaels Drive is across from the Midtown Campus redevelopment area, along a commercial corridor with access to I-25 and connections to the rest of town. Parking is available on site.

Key Highlights

  • 3,000 square feet across ground‑floor and mezzanine areas
  • Suites C3/C4 may be subdivided
  • Floor‑to‑ceiling windows and skylights

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,065
Businesses Nearby

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
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Market

Average Price Trend$/SF/Yr for Office Units in Santa Fe, NM

$23.16 Jul
$23.43 Aug
$22.69 Sep
$22.02 Oct

Properties on Market for Office Units in Santa Fe

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Ground-floor and upper-level areas provide a configurable workspace with ample natural light.
Where is this office unit located?
The property is located at 851 St. Michaels Drive Santa Fe, NM.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 3,000 square feet across ground‑floor and mezzanine areas; Suites C3/C4 may be subdivided; Floor‑to‑ceiling windows and skylights
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