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    Cerrillos Rd Santa Fe, NM 87507

    For Sale
    $1,663,556

    ±2.5 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    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.

    Property Features for 0 Cerrillos Rd

    General Information

    Property type
    Land

    HighLights

    • $1,663,556 asking price for ±2.5 acres of commercial land in Santa Fe, NM.
    • High‑visibility location on Cerrillos Rd, averaging over 51,000 vehicles per day (VPD).
    • Suitable for office, medical, restaurant, financial, fast food, or hotel development.
    • Surrounded by residential development and near major retailers (Target, Home Depot, Lowe's, Sam's Club, etc.).
    • Easy access with three points of ingress/egress, less than 10 minutes from I‑25 (31,000 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.01064702968
    Latitude
    35.64530096085

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    FAQs

    What type of property is this?
    Land - ±2.5 Acres, High-Visibility Location
    Where is this land located?
    The property is located at Cerrillos Rd Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $1,663,556.
    What are key features of this property?
    This property features: $1,663,556 asking price for ±2.5 acres of commercial land in Santa Fe, NM.; High-visibility location on Cerrillos Rd, averaging over 51,000 vehicles per day (VPD).; Suitable for office, medical, restaurant, financial, fast food, or hotel development.
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    Cerrillos 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
    Cerrillos Rd Santa Fe, NM 87507
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