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    1892 Plaza Del Sur Dr Santa Fe, NM 87505

    Sponsored
    For Sale
    $645,000

    Prime Santa Fe location, versatile space, strong ROI.

    Property size:
    3,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1892 Plaza Del Sur Dr, Santa Fe, NM 87505, presents a unique investment opportunity. The 3,080 square foot building, constructed in 1995, sits on a 0.25-acre lot and boasts a desirable C-2 zoning. Currently configured as a medical office, the space is highly adaptable and suitable for various uses, including retail or traditional office space. The interior features a welcoming reception area, open workspace, private offices (many with windows and sinks), a dedicated receptionist room, and a secure walk-in bank vault. A private breakroom with outdoor access adds to the functionality. Ample parking is available on-site. The property benefits from its prime location in the St. Michaels Business District, within a designated Opportunity Zone, and just one building from St. Michaels Drive. Proximity to major shopping centers, restaurants, and essential services enhances its appeal. The existing tenant has a lease with approximately 1.5 years remaining. The asking price is $645,000, representing a price per square foot of $209.42. This single-story building offers a compelling blend of location, versatility, and potential for strong return on investment. Serious inquiries only. Do not disturb the tenant.

    Property Features for 1892 Plaza Del Sur Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,080 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    HighLights

    • $645,000 asking price for a 3,080 square foot mixed‑use building.
    • Located in Santa Fe, NM, in a high‑traffic retail corridor, near St. Michaels Drive.
    • Features a versatile layout suitable for medical, office, or retail use; includes a waiting area, open workspace, receptionist room, perimeter offices, bank vault, and breakroom.
    • Situated on a 0.25‑acre lot with ample parking.
    • Currently leased with 1.5 years remaining; C‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    John C. Connerly, ... Chiropractor Herbscript by Jesse ... Herb Shop Ruther David Acupuncturist Evan Allender Peake Chiropractor Dr. Larry Widmer Chiropractor

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9619548
    Latitude
    35.658221

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    FAQs

    What type of property is this?
    Restaurant - Prime Santa Fe location, versatile space, strong ROI.
    Where is this restaurant located?
    The property is located at 1892 Plaza Del Sur Dr Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: $645,000 asking price for a 3,080 square foot mixed-use building.; Located in Santa Fe, NM, in a high-traffic retail corridor, near St. Michaels Drive.; Features a versatile layout suitable for medical, office, or retail use; includes a waiting area, open workspace, receptionist room, perimeter offices, bank vault, and breakroom.
    Request Owner's contact information
    1892 Plaza Del Sur Dr Santa Fe, NM 87505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1892 Plaza Del Sur Dr Santa Fe, NM 87505
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