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Live-Work Commercial Condo Suite

3600 Cerrillos, NM

3600, Cerrillos, NM

$240,000

Pending

For Sale

$240,000

Pending

SINGLE_FAMILY - NM

Property Size1,350 SF

Lot Size0.03 Acres

AddedApr 7

Days on Market100

Last RefreshJul 15 at 3:06 am

Property Features for 3600

General Information

Property type: Residential
Property subtype: Office
Parking: 3
Parking features: Parking Lot
Standard status: Pending
APN: 990000502
Size: 1,350 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Description: T16N R9E S5, THE LOFTS A CONDOMINIUM, UNIT 207

Utilities

Sewer type: Public Sewer
Water source: Public

Building Details

Year built: 1995
Flooring type: Concrete
Roof type: Flat

Listing agent Riesha Fiorina License #16584

Listing office Barker Realty, LLC 530 S Guadalupe St., Santa Fe, NM

Listing date Apr 7, 2026

MLS# 202601396

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This live-work commercial condo suite is currently configured as professional office space within the Cerrillos Road Lofts community. The unit is positioned at the back of the compound and includes three individual offices, each currently tenant-occupied. The suite provides shared access to a common lobby, a spacious ADA-accessible kitchen, and an ADA-accessible bathroom. Large windows in the offices bring in natural light.

The community is set within a private compound with mature trees and lush green space, and the unit offers ample parking. Unit C also provides flexibility with a separate, private entrance.

Showings require 24-hour notice. Rent and tenant details are available upon request.

Key Highlights

Rare commercial condo in the desirable Cerrillos Road Lofts live/work community.
Currently configured as professional office space with three tenant‑occupied offices.
Located at the back of a private compound, providing privacy and ample parking.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.2k	$21.60
− Vacancy	−$4.4k	−$3.24
EGI	$24.8k	$18.36
− OpEx	−$6.2k	−$4.59
NOI	$18.6k	$13.77

1,350 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$265.6K

$232.4K – $309.8K (±1% cap)

NOI $18,590 @ 7.0% cap · market cap 7.75%

Second Best

Mixed Use

$179.5K

$157.0K – $209.4K (±1% cap)

NOI $12,562 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$366.6K

$320.8K – $427.7K (±1% cap)

NOI $25,661 @ 7.0% cap · market cap 10.69%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Live-work space

What type of property is this?

Live-work space - Configured as professional office space within a live-work community compound with multiple offices, ADA amenities, and parking.

Where is this live-work space located?

The property is located at 3600 Cerrillos, NM.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: Rare commercial condo in the desirable Cerrillos Road Lofts live/work community.; Currently configured as professional office space with three tenant‑occupied offices.; Located at the back of a private compound, providing privacy and ample parking.