5 Santa Fe Nm 87508 Santa Fe, NM 87508
This 1,200-square-foot Class B office condo in Santa Fe, New Mexico, is offered at $265,000 ($220.83/sq ft). Built in 2004, this single-story property is located at 5 Caliente Rd., Suite 3, Santa Fe, NM 87508, within the Eldorado commercial area and zoned for Commercial Neighborhood use in Santa Fe County. The unit features a functional layout including four offices, an ADA-compliant restroom, a breakroom, and a reception area. A current tenant occupies the space under a one-year lease, providing immediate income potential. The condo boasts convenient amenities such as two designated parking spaces in front, plus additional non-designated parking in the rear. The building is fully sprinklered, and the unit includes Cat5e wiring in each office. Monthly condo owner association dues are $398.76. Suitable for various professional uses, including medical, institutional, non-profit, and general office settings. This presents a compelling opportunity for investors seeking a stable, income-generating property in a desirable Santa Fe location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.