Live-Work Space with
901 W San Mateo #D3, Santa Fe, NM 87505
For Sale
Contact for pricing
An open-plan layout includes concrete floors, a gas-heated interior, and a kitchen with a gas stove, refrigerator, and sink.
Property Size1,650 SF
Price / SF$2.12
Days on Market104
Property Features for 901 W San Mateo #D3
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Landseer Management
(505) 313-0099
Listed By:
Brant Goodman · License NM #16424
(505) 690-7311
Source:
1stclassrealtyofsantafe
Added: Jul 29
Changed: Nov 8
Last Checked: Nov 9 at 4:51AM
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 Landseer Management
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Investment Insights
Based on property information with market context.
This live-work unit at 901 W San Mateo #D3 has an open layout, concrete flooring, and a loft. The kitchen is equipped with a gas stove, refrigerator, and sink; the bathroom has a shower, and a gas heater serves the space. Off-street parking is available.
Built in 2003, the property is in Ironestone Gardens, near Midtown Bistro and Iconik Coffee Roasters.
Built in 2003, the property is in Ironestone Gardens, near Midtown Bistro and Iconik Coffee Roasters.
Key Highlights
- Loft area within an open‑plan live‑work unit
- Concrete flooring and gas heat
- Kitchen includes a gas stove, refrigerator, and sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,353
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,060
$307.1K
Cap Rate 7%
$219,329
$219.3K
Cap Rate 9%
$170,589
$170.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$24.6K $14.89/SF
− OpEx
−$9.2K −$5.58/SF
NOI
$15.4K $9.30/SF
Area
Santa Fe County, NM
Vacancy
8.10%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,060
Cap Rate 7%
$219,329
Cap Rate 9%
$170,589
Alternative Uses
Best Use
Office B
$324.6K
$284.0K – $378.7K
NOI $22,721 @ 7.0% cap
Second Best
Mixed Use
$219.3K
$191.9K – $255.9K
NOI $15,353 @ 7.0% cap
Theoretical Best
Office A
$448.0K
$392.0K – $522.7K
NOI $31,363 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
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Business Placement
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
$484,100
Median Home Value
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Market
Average Price Trend$/SF for Live-work space in Santa Fe, NM
Properties on Market for Live-work space in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - An open-plan layout includes concrete floors, a gas-heated interior, and a kitchen with a gas stove, refrigerator, and sink.
Where is this live-work space located?
The property is located at 901 W San Mateo #D3 Santa Fe, NM.
What are key features of this property?
This property features: Loft area within an open‑plan live‑work unit; Concrete flooring and gas heat; Kitchen includes a gas stove, refrigerator, and sink
