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Industrial Flex Condominium
For Sale
$525,000

D2-1189 Parkway Dr, Santa Fe, NM 87507

Under-construction I-1 condominium units offer adaptable commercial space with optional live-work use.

Property SizeContact for details
Days on Market339

Property Features for D2-1189 Parkway Dr

General Information

Standard status Active
Listing Agency: Keller Williams Realty
Listed By: Leslie Gallatin-Giorgetti · License #47708
Source: Exprealty
Added: Sep 26, 2025 Changed: Aug 29 Last Checked: Aug 29 at 5:38PM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This under-construction flex condominium is part of The Studios at Parkway Phase 2 in Santa Fe’s Siler/Rufina Warehouse, Art & Innovation District. Each unit provides nearly 1,677 square feet, with 1,587 square feet of interior area, a 1,092-square-foot ground floor, and a 584-square-foot second story. Tall ceilings, finished concrete floors, LED lighting, large aluminum-and-glass roll-up garage doors, storefront glazing, and a steel stair with wood treads define the interior. Smooth drywall finishes complete the contemporary industrial buildout.

Zoned I-1, the units support commercial use with an accessory live-work option. Separately metered utilities, kitchen-ready hookups, and a designated shower area add practical infrastructure for varied business operations. Landscaped grounds are planned to accommodate shipping and receiving, while the roof is prepared for solar PV installation. The property is located at D2-1189 Parkway Dr and lies within a Federal Opportunity Zone.

Key Highlights

  • Nearly 1,677 SF per unit, including 1,587 SF of interior space
  • 1,092 SF ground floor and 584 SF second story
  • I‑1 zoning with accessory live‑work option

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby
Well-served
Demand for This Use

Demographics for 87507, NM

51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Casa Nova Custom Catering 1314 Rufina Cir a7, Santa Fe, NM 87507
  • Marigold Kitchen 1314 Rufina Cir A 3, Santa Fe, NM 87507

Frequently Asked Questions

What type of property is this?
Flex space - Under-construction I-1 condominium units offer adaptable commercial space with optional live-work use.
Where is this flex space located?
The property is located at D2-1189 Parkway Dr Santa Fe, NM.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Nearly 1,677 SF per unit, including 1,587 SF of interior space; 1,092 SF ground floor and 584 SF second story; I‑1 zoning with accessory live‑work option
More about this property
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