0 Cerrillos Rd, Santa Fe, NM 87507
This exceptional ±2.5-acre commercial land parcel presents a unique investment opportunity in Santa Fe, New Mexico. Strategically located along a major arterial road boasting an average daily traffic count exceeding 51,000 vehicles, this property offers unparalleled visibility and accessibility. Its prime location within a high-volume retail corridor ensures significant exposure to a large consumer base. Nearby established businesses include a regional mall and numerous national retailers such as Target, Home Depot, Lowe's, Sam's Club, Regal Theaters, Sprouts, and Albertson's. The property's versatility allows for a wide range of development possibilities, including office space, medical facilities, restaurants, financial institutions, fast-food establishments, or even a hotel. Surrounded by both new and existing residential developments, this site benefits from a strong and growing residential population. Convenient access is provided via three points of ingress and egress, further enhancing its appeal. The property is less than 10 minutes from Interstate 25, a major thoroughfare with a daily traffic volume of over 31,000 vehicles, providing additional access and connectivity. This property is offered for sale, ground lease, or build-to-suit options, providing flexibility for potential buyers. The asking price for this exceptional commercial land is $1,663,556. Located in Santa Fe County, New Mexico, with a zip code of 87507, on Cerrillos Rd.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.