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    Tract 1 Hernandez Rd Santa Fe, NM 87507

    For Sale
    $3,437,300

    9.29 Acres, Prime Southside Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9.29-acre residential land parcel presents a unique development opportunity in Santa Fe, New Mexico. Located near the thriving southside retail corridor and easily accessible via Tierra Contenta Dr, Ocate Rd., and Hernandez Rd., this level lot is ready for immediate development. The property boasts convenient proximity to utilities and is situated approximately 1.5 miles from the I-25 intersection, offering excellent connectivity. Zoned R-21 Residential (21 dwelling units per acre), this site is ideal for a variety of residential projects. The asking price is $3,437,300, representing a compelling investment in a rapidly growing area of Santa Fe. This prime location offers significant potential for residential development, capitalizing on the area's increasing demand for housing. The property's level topography simplifies construction, minimizing site preparation costs. Its strategic location near major roadways and amenities ensures high visibility and accessibility for future residents. Don't miss this chance to acquire a substantial piece of land in one of Santa Fe's most desirable areas. The property is situated at 0 Hernandez Rd. Tract 1, Santa Fe, NM 87507.

    Property Features for Tract 1 Hernandez Rd

    General Information

    Property type
    Land
    Lot Size
    404,672 SF

    HighLights

    • $3,437,300 asking price for 9.29 acres of residential land.
    • Located in a high‑growth Santa Fe area with convenient access to major roadways.
    • Level lots ready for development with utilities nearby.
    • Prime location near Santa Fe's expanding southside retail corridor.
    • Approximately 1.5 miles from I‑25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.03335
    Latitude
    35.6202243

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    FAQs

    What type of property is this?
    Land - 9.29 Acres, Prime Southside Location
    Where is this land located?
    The property is located at Tract 1 Hernandez Rd Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $3,437,300.
    What are key features of this property?
    This property features: $3,437,300 asking price for 9.29 acres of residential land.; Located in a high-growth Santa Fe area with convenient access to major roadways.; Level lots ready for development with utilities nearby.
    (505) 473-3434
    Request Owner's contact information
    Tract 1 Hernandez 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
    Tract 1 Hernandez Rd Santa Fe, NM 87507
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