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Property profile & analytics
OFF-MARKET
Office Spaces

1223 St Francis Dr Santa Fe, NM 87505

1,370 SF Built 1991
Property ID
Property summary
AI-generated overview

This 1,370 square foot Class B office condo is ideally situated in Santa Fe, New Mexico, offering convenient access to downtown and I-25. Built in 1991, this two-story building features a flexible layout suitable for various office uses, including executive, medical, or traditional office settings. The space includes five private offices with windows (three upstairs, two downstairs), a reception/waiting area, two restrooms, a kitchenette, and ample storage. The property boasts a private entrance from the back parking lot on Colombia Street, minimizing street traffic disruption. Low quarterly condo dues contribute to the property's attractive financial profile. Zoned C-1, this vacant property presents a compelling opportunity for owner-occupants or investors seeking a well-maintained and conveniently located office space in a thriving New Mexico market. The asking price is $225,000, translating to $164.23 per square foot. The property is located at 1223 S St Francis Dr, Santa Fe, NM 87505.

Property profile
Verified
Property type Office Spaces
Year built 1991
Total area 1,370 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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