Office Units with Basement
For Sale
$420,000
B-1440 S Saint Francis Dr, Santa Fe, NM 87501
Office condominium with multiple private rooms, enhanced reception features, and adjacent parking in a professional office setting.
Property Size1,797 SF
Price / SF$233.72
Days on Market66
Property Features for B-1440 S Saint Francis Dr
General Information
Standard status
Active
Size
1,797 SF
Additional Details
Floor
Main floor
Office Units
1
Listing Agency:
Sotheby's Int. RE - Railyard
(505) 982-9836
Listed By:
Alexanna Padilla · License #51625
(505) 660-3590
Source:
Exprealty
Added: Sep 2
Changed: Oct 26
Last Checked: Nov 4 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sotheby's Int. RE - Railyard
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium combines a six-room main-floor layout with additional usable space below grade. The 1,397-square-foot primary level includes six offices, two with built-in bookcases, while approximately 400 square feet of basement area can support storage, a break room, or as many as two additional offices. The reception area features 10-foot ceilings, skylights, and a clerestory window.
Located within the Saint Francis Professional Center at B-1440 S Saint Francis Dr in Santa Fe, the property is part of an established professional park occupied by attorneys, CPAs, dentists, real estate offices, and similar practices. Parking is situated next to the building. One of the two attorney tenants may have interest in a longer-term lease, providing an additional leasing consideration for an owner-user or investor.
Located within the Saint Francis Professional Center at B-1440 S Saint Francis Dr in Santa Fe, the property is part of an established professional park occupied by attorneys, CPAs, dentists, real estate offices, and similar practices. Parking is situated next to the building. One of the two attorney tenants may have interest in a longer-term lease, providing an additional leasing consideration for an owner-user or investor.
Key Highlights
- 1,397‑square‑foot main floor with six offices
- Approximately 400 square feet of usable basement space
- Two offices feature built‑in bookcases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,745
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,900
$494.9K
Cap Rate 7%
$353,500
$353.5K
Cap Rate 9%
$274,944
$274.9K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$38.8K $21.60/SF
− Vacancy
−$5.8K −$3.24/SF
EGI
$33.0K $18.36/SF
− OpEx
−$8.2K −$4.59/SF
NOI
$24.7K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,900
Cap Rate 7%
$353,500
Cap Rate 9%
$274,944
Alternative Uses
Best Use
Office B
$353.5K
$309.3K – $412.4K
NOI $24,745 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.0K
$427.0K – $569.3K
NOI $34,157 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Santa Fe, NM
Properties on Market for Office Units in Santa Fe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium with multiple private rooms, enhanced reception features, and adjacent parking in a professional office setting.
Where is this office unit located?
The property is located at B-1440 S Saint Francis Dr Santa Fe, NM.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,397‑square‑foot main floor with six offices; Approximately 400 square feet of usable basement space; Two offices feature built‑in bookcases
