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    6350 Airport Rd Santa Fe, NM, NM 87505

    Sponsored
    For Sale
    $1,621,738

    High-traffic, prime commercial land. Ideal for drive-thru businesses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 1.2-acre commercial land parcel is strategically located at 6350 Airport Rd, Santa Fe, NM 87505, in Santa Fe County. Priced at $1,621,738.80, this property presents a unique investment opportunity for developers and businesses seeking high visibility and strong traffic counts. The site boasts an enviable position on Airport Road, a major thoroughfare experiencing a daily traffic volume of 25,254 vehicles. Its placement at a signalized intersection ensures optimal exposure and accessibility for potential customers. The property's zoning is perfectly suited for fast-food restaurants or other businesses that benefit from drive-thru capabilities, making it an ideal location for a variety of commercial ventures. The site's size and location offer significant potential for development and return on investment. This is a rare opportunity to acquire a highly visible and well-located commercial land parcel in a thriving Santa Fe market. The property's coordinates are 35.63586816642585 latitude and -106.04326275903004 longitude. The property is classified as commercial land. Serious inquiries are encouraged.

    Property Features for 6350 Airport Rd

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Bob Feinberg
    Bob Feinberg

    Learn more

    Property Insight Report

    HighLights

    • 1.2‑acre commercial land parcel in Santa Fe, NM, priced at $1,621,738.80.
    • High‑visibility location on Airport Rd, a major thoroughfare with 25,254 daily vehicles, at a signalized intersection.
    • Zoned for fast‑food restaurants and drive‑thru businesses.
    • Ideal for development and offers strong ROI potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe, NM
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.04326275903
    Latitude
    35.635868166426

    Nearby Comparable

    • Contact for pricing

      Land on Airport Road

      Land with high visibility and traffic count on Airport Road.
      6350 Airport Rd, Santa Fe, NM 87507
      View Details
    • Contact for pricing

      Land in Growing Residential Area

      Land with high traffic exposure in growing residential area.
      6417 Airport Rd, Santa Fe, NM 87507
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    • Contact for pricing
      0.63 Acres

      Santa Fe Land: Prime Development Site

      High-traffic location, owner financing available.
      6411 Airport Rd, Santa Fe, NM 87501
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    • Contact for pricing

      Commercial Land on Airport Road

      Land with high traffic exposure in growing residential area.
      6409 Airport Rd, Santa Fe, NM 87507
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    • $775,000
      Pending

      Santa Fe Land Development Opportunity

      2.96 acres of C-2 zoned land near Airport Road.
      4789 Airport Rd, Santa Fe, NM 87507
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    • $9,500,001

      Land Tract for Mixed-Use Project

      370+- acre land tract planned for mixed-use development.
      Jaguar Dr, Santa Fe, NM 87507
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    • $1,200,000

      Santa Fe Retail Pad - Hwy 599

      Prime Retail Outparcel, Hwy 599 & Jaguar
      0 Jaguar Dr, Santa Fe, NM 87507
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    • $1,443,000
      1 SF

      Commercial Land on Cerrillos Road

      Light industrial land suitable for restaurant, retail, office, hospitality.
      6585 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $1,443,000
      1.44 Acres

      Santa Fe Pad Site: Cerrillos Road

      Prime 1.44-acre commercial pad site in Santa Fe, NM. High visibility, excellent access.
      6581 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $2,156,000
      5.39 Acres

      Santa Fe Commercial Land Tract 2

      5.39 Acres, Prime Commercial Location
      Tract 2 Hernandez Rd, Santa Fe, NM 87507
      View Details
    • $3,437,300
      9.29 Acres

      Santa Fe Residential Land Tract 1

      9.29 Acres, Prime Southside Location
      Tract 1 Hernandez Rd, Santa Fe, NM 87507
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic, prime commercial land. Ideal for drive-thru businesses.
    Where is this land located?
    The property is located at 6350 Airport Rd Santa Fe, NM, NM.
    What is the asking price?
    The asking price for this property is $1,621,738.
    What are key features of this property?
    This property features: 1.2-acre commercial land parcel in Santa Fe, NM, priced at $1,621,738.80.; High-visibility location on Airport Rd, a major thoroughfare with 25,254 daily vehicles, at a signalized intersection.; Zoned for fast-food restaurants and drive-thru businesses.
    (505) 238-7707
    Request Owner's contact information
    6350 Airport Rd Santa Fe, NM, NM 87505
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    Santa Fe, NM, NM 87505
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6350 Airport Rd Santa Fe, NM, NM 87505
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    We can help!
    Listing Contact
    Bob Feinberg
    Bob Feinberg
    Real Estate License ID: NM 9916
    (505) 238-7707
    Learn more
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