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    Madrid, NM
    Live - Work Space

    Madrid, NM Live-work Space for Sale

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    Santa Fe, NM Lamy, NM Galisteo, NM Algodones, NM Budaghers, NM Stanley, NM Pena Blanca, NM Placitas, NM
    Mixed-Use Property with Storefront
    Updated: Aug 6
    Mixed-Use Property with Storefront

    2864 NM 14, Cerrillos, NM 87010

    $540,000
    3,723 sqft 0.18 AC lot
    Approximately 1,400‑square‑foot storefront
    Three residential spaces: 320‑square‑foot studio, 612‑square‑foot apartment, and 477‑square‑foot casita
    3,723 square feet on 0.18 acres
    Courtyards separate the rear casita from the main building
    New roof with electrical and plumbing updates
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    This listing looks promising.

    Here's a quick look at some key insights for

    2864 NM 14, Cerrillos, NM 87010

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $675K
      Above asking
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    Live-Work Bungalow with Gallery
    Updated: Jun 26
    Live-Work Bungalow with Gallery

    2863 NM 14 Highway, Madrid, NM 87010

    $875,000
    1,800 sqft 0.16 AC lot
    1931 brick bungalow with mixed residential/commercial use (mixed use zoning allows residential or commercial use)
    Separate front gallery space with 14‑ft ceilings plus apartment behind; both have original hardwood floors and updated finishes
    Upgrades include new windows and doors, plus remodeled tile and plaster with beamed ceilings and wood/stone flooring
    Each space includes mini‑split heat/AC system; heating is heat pump and propane, and cooling is heat pump
    Private paved driveway with parking for 3 cars plus 2 additional roadway spots; full basement for storage
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Madrid, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Ground-Floor Corner Live-Work Space
    Ground-Floor Corner Live-Work Space

    3600 Cerrillos Road, Santa Fe, NM 87507

    $395,000
    1,395 sqft

    Ground-floor corner unit in a C-2 live-work community with central air, forced-air natural gas heat, and ramp accessibility.

    View details
    Versatile Commercial Live-Work Property
    Versatile Commercial Live-Work Property

    41 Bisbee #B4, Santa Fe, NM 87507

    $500,000
    2,771 sqft 0.07 AC lot

    Commercial property with office, workspace, loading dock, and live-work potential.

    View details
    Santa Fe Live/Work Investment Opportunity
    Santa Fe Live/Work Investment Opportunity

    3600 Cerrillos Road, Santa Fe, NM 87507

    $261,000
    1,332 sqft

    Ground floor unit with tenants, ideal for live/work or investment.

    View details
    Santa Fe Live-Work Flex Space
    Santa Fe Live-Work Flex Space

    96A Metro Blvd, Santa Fe, NM 87508

    $375,000
    2,609 sqft 0.06 AC lot

    Versatile live-work flex space on industrial-zoned land with expansion potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ready-to-Build Lot in Madrid, NM
    Ready-to-Build Lot in Madrid, NM

    34 Ice House Road, Madrid, NM 87010

    $105,000
    0.75 AC lot

    0.75-acre lot with well, power, flat, and commercial/residential zoning.

    View details
    Corner Live-Work Development Site
    Corner Live-Work Development Site

    500 Mountain Road NE, Albuquerque, NM 87102

    $289,900
    0.56 AC lot

    Corner lot with MX-M zoning, a fenced live-work building, and public water and sewer services nearby.

    View details
    Land with Mountain Views
    Land with Mountain Views

    Adams Road, Ranchos De Taos, NM 87557

    $86,050
    2.55 AC lot

    2.55 acre lot near Taos with mountain views.

    View details
    Mixed-Use Development Land Parcel
    Mixed-Use Development Land Parcel

    Tract B Dona Ana, Ranchos De Taos, NM 87557

    $199,000
    3.01 AC lot

    About 3-acre parcel in Ranchos de Taos with flat terrain and zoning for commercial or residential use.

    View details

    Madrid, NM Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Madrid, NM on our real estate platform. These investment opportunities span a total of 5,523 square feet of properties for sale, with an estimated market value of $1,415,000.

    Sale prices for live-work properties in Madrid, NM start at $540,000, averaging $707,500, and reaching up to $875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,147
    Population Growth (5Y) +13.6%
    Median Household Income $45,490
    College Educated 84.5%

    High-Yield Neighborhoods for Investment

    Identify Madrid submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Cerrillos - 87010 $875K

    Listings Trend

    New vs delisted commercial listings in Santa Fe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Santa Fe County

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