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    Tract 3 Hernandez Rd Santa Fe, NM 87507

    For Sale
    $1,698,000

    4.59-Acre Industrial Lot, $1.7M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.59-acre industrial land parcel, located at 0 Hernandez Rd. Tract 3 in Santa Fe, New Mexico (zip code 87507), presents a prime development opportunity. Zoned I-1 for Light Industrial use, this level lot is ready for immediate construction. Conveniently situated near the thriving southside retail corridor of Santa Fe, the property offers easy access via Tierra Contenta Dr, Ocate Rd., and Hernandez Dr. Utilities are readily available, and the location provides excellent proximity to major transportation arteries, including an approximate 1.5-mile distance to the I-25 intersection. This represents a significant investment opportunity in a growing commercial and residential area of Santa Fe. The asking price is $1,698,000. The property is part of a larger development, with other tracts also available. This specific parcel offers a unique chance to establish a presence in a dynamic and expanding market. Its level topography and convenient access make it ideal for a variety of industrial uses. Don't miss this chance to acquire a strategically located industrial land parcel in a rapidly developing area of Santa Fe.

    Property Features for Tract 3 Hernandez Rd

    General Information

    Property type
    Land
    Lot Size
    199,940 SF

    HighLights

    • $1,698,000 asking price for 4.59 acres of I‑1 (Light Industrial) zoned land.
    • Located in a rapidly growing Santa Fe commercial and residential area.
    • Excellent access via Tierra Contenta Dr, Ocate Rd., and Hernandez Dr.
    • Level lots, ready for immediate development; utilities readily available.
    • Situated near Santa Fe's thriving southside retail corridor.
    • Approximately 1.5 miles from I‑25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.03335
    Latitude
    35.6202243

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    FAQs

    What type of property is this?
    Land - 4.59-Acre Industrial Lot, $1.7M
    Where is this land located?
    The property is located at Tract 3 Hernandez Rd Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $1,698,000.
    What are key features of this property?
    This property features: $1,698,000 asking price for 4.59 acres of I-1 (Light Industrial) zoned land.; Located in a rapidly growing Santa Fe commercial and residential area.; Excellent access via Tierra Contenta Dr, Ocate Rd., and Hernandez Dr.
    Request Owner's contact information
    Tract 3 Hernandez Rd Santa Fe, NM 87507
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    Santa Fe, NM 87507
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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
    Tract 3 Hernandez Rd Santa Fe, NM 87507
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