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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
1219 Cerrillos Rd Santa Fe, NM 87505-0948
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US61-0324056
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
5,800 SF
APN
910021275
UPID
US61-0324056
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
-
Wolfe P J Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Gerardo Barron · 1 yrs held
Gerardo Barron
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Fe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Fe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,998
Tax year 2023
Assessed value
$279,815
Assessed 2023
Previous assessed
$163,813
+70.8% YoY
Effective rate
3.22%
On assessed value
Assessed improvement
$279,815
Improvement market value
$839,447
Total market value
$839,447
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
5,800 SF
APN
910021275
UPID
US61-0324056
Jurisdiction
SANTA FE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Gerardo Barron
Individual
Mailing address
1225 CERRILLOS RD, SANTA FE, NM 87505-0943
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Gerardo Barron
Gerardo Barron
Deed
related
$500,000 · Farmers & Merchants Bank Of Colby
Dec 31, 2024
—
Kateryna Vanheisch
Santa Fe Railyard Community Corpora
Deed
—
Aug 24, 2020
—
Kateryna B Vanheisch
Jerry Barron
Deed
$360,000 · Sunflower Bank NA
Nov 28, 2017
—
Kateryna Vanheisch
Kateryna B Vanheisch
Intrafamily Transfer
related
$382,500 · Community 1st Bank Las Vegas
Nov 1, 2017
—
Kateryna B Vanheisch
Kateryna Vanheisch
Intrafamily Transfer
related
$382,500 · Community 1st Bank Las Vegas
Dec 1, 2016
—
Community First Bk Las Vegas
Special Master Of Sante Fe County|1219 Cerrillos L
Trustees Deed
related
—
Jul 29, 2009
—
Northern Insurance INC
—
Trustees Deed
related
$234,000 · Community First Bank
Jul 29, 2008
—
Northern Insurance INC
—
Trustees Deed
related
$700,000 · Community First Bank
—
—
1219 Cerrillos LLC
—
Deed Of Trust
related
$968,000 · Community First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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