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    Cerrillos Rd Santa Fe, NM 87507

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    For Lease
    Contact for pricing

    2.5 Acres, High-Visibility Retail

    Lot size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in Santa Fe, New Mexico. Located on Cerrillos Road at the intersection of Vegas Verdes Road in the Santa Fe submarket, this property boasts a prime location along a major arterial with over 51,000 vehicles passing daily, ensuring high visibility and accessibility. The site is zoned for a variety of uses, making it ideal for office, medical, restaurant, financial institution, fast food, or hotel development. The property offers easy access via three points of ingress/egress, adding to its convenience and appeal. The site is situated within a thriving retail corridor, surrounded by established residential areas and major national retailers including Target, Home Depot, Lowe's, Sam's Club, Regal Theaters, Sprouts, and Albertson's, creating a strong customer base and high foot traffic. The property is available for sale, ground lease, or build-to-suit options, offering flexibility to potential buyers or developers. This 9,000 square foot site, encompassing one suite, is situated in Santa Fe County, New Mexico, with a zip code of 87507. Its proximity to Interstate 25 (less than 10 minutes away, with 31,000 VPD) further enhances its strategic location and accessibility. This is a rare opportunity to acquire a highly visible and versatile commercial property in a rapidly growing area.

    Property Features for 0 Cerrillos Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,000 SF

    Unit(s) available at that property

    Space
    Size
    108,900 SF

    HighLights

    • 2.5‑acre commercial land parcel in Santa Fe, NM, at Cerrillos & Vegas Verdes Roads.
    • High‑traffic location (51,000+ VPD) on a major arterial.
    • Zoned for diverse uses (office, medical, restaurant, financial, retail, hotel).
    • Three points of ingress/egress for convenient access.
    • Thriving retail corridor with strong customer base (Target, Home Depot, Lowe's, etc.).
    • Sale, ground lease, or build‑to‑suit options available.
    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?
    Retail property - 2.5 Acres, High-Visibility Retail
    Where is this retail property located?
    The property is located at Cerrillos Rd Santa Fe, NM.
    What are key features of this property?
    This property features: 2.5-acre commercial land parcel in Santa Fe, NM, at Cerrillos & Vegas Verdes Roads.; High-traffic location (51,000+ VPD) on a major arterial.; Zoned for diverse uses (office, medical, restaurant, financial, retail, hotel).
    Request Owner's contact information
    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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