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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1939 Warner Cir Santa Fe, NM 87505

5,625 SF Built 1985
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1985
Total area 5,625 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
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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