1939 Warner Cir Santa Fe, NM 87505
This exceptional Santa Fe commercial property, located at 1939 Warner Cir, 87505, presents a compelling investment opportunity. The 5,625 square foot building, constructed in 1985, sits on a 20,257 square foot lot and boasts 100% occupancy across its two units. The property is a mixed-use structure, encompassing creative office and storefront spaces, currently operating under a modified lease agreement with a one-year remaining term. Suite A, leased for $4,750 per month, features a large open showroom, two private offices, open work areas, one bathroom (with potential for a second), and a spacious garage area convertible to additional storage or office space. Access to a fully fenced outside storage yard is provided via two overhead rolling doors and loading docks. Suite B, currently owner-occupied, includes a reception/storefront area, two bathrooms, a small kitchen, three private offices, two open meeting areas, and two private workspaces. A sizable central open work area offers flexible space with privacy doors. The property includes 16 parking spaces and convenient access to St. Michaels Dr. The asking price is $1,490,000 ($264.89/sq ft). A comprehensive list of improvements is available. This property offers a blend of strong location and diverse leasing potential, making it an ideal investment.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.