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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Manufacturing properties
1240 Calle De Comercio Santa Fe, NM 87507-3107
Individually Owned
Free & Clear
Property ID
US61-0291701
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
7,400 SF
Lot
0.56 ac (24,306 SF)
APN
99304314
UPID
US61-0291701
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
-
LAIRD HOVLAND sculpture studio Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$560k
Owner & transaction history
Bradley R Alarid
Bradley R Alarid
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+24.0%
Medical building
$760,000
+8.2%
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%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$700,000
Current use
RESTAURANT
$870,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$76 / 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
$6,224
Tax year 2023
Assessed value
$193,535
Assessed 2023
Previous assessed
$174,022
+11.2% YoY
Effective rate
3.22%
On assessed value
Assessed land
$56,303
Assessed improvement
$137,232
Land market value
$168,912
Improvement market value
$411,699
Total market value
$580,611
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Total area
7,400 SF
Lot
0.56 ac (24,306 SF)
APN
99304314
UPID
US61-0291701
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$700,000
RESTAURANT
Est. value
$870,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$610,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Bradley R Alarid
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2328, SANTA FE, NM 87504-2328
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
Bradley R Alarid
El Ice Plant LLC
Deed
related
—
Dec 8, 2025
—
Bradley R Alarid
El Ice Plant LLC
Warranty Deed
—
Dec 5, 2023
—
John Balwit Properties LLC
Peralta Properties LLC
Warranty Deed
—
May 11, 2016
—
Peralta Properties LLC
—
Deed
related
$3,230,000 · First Nat'l Bk/santa Fe
Feb 28, 2012
—
Peralta Properties LLC
Bruce R Besser
Warranty Deed
$1,048,625 · First National Bank Of Santa Fe
—
—
Peralta Properties LLC
—
Loan Modification
related
$3,230,000 · First Nat'l Bk/santa Fe
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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