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    OFF-MARKET
    Land

    0 Cerrillos Rd, Santa Fe, NM 87507

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    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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