Property profile

17 Paseo De River St Santa Fe, NM 87505

FOR SALE
Land
Property ID
US61-0242092
2.5 ac lot
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 2.5-acre commercial and industrial land parcel presents a unique investment opportunity in Santa Fe, New Mexico. Located at 17 Paseo De River, 87507, this gently sloping site boasts unparalleled visibility from Airport Road and the 599 Bypass, ensuring high traffic exposure for any business. Access is convenient via Airport Road and the Paseo de River frontage road. The property is zoned I-1, permitting a wide range of commercial and industrial uses, including but not limited to: storage facilities, automotive businesses, warehouses, construction material yards, contractor spaces, trade shops, educational facilities, religious institutions, and mixed-use developments. While subject to Scenic Highway Corridor regulations, setbacks, and easements, the potential for development is significant. The site benefits from readily available city water, sewer, and public electric services, simplifying infrastructure needs. This prime location and versatile zoning make this property ideal for a variety of commercial and industrial ventures. The asking price is $1,300,000.

Property profile

Verified
Property type Land
Lot 2.5 ac (108,900 SF)
UPID US61-0242092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17 Paseo De River St Santa Fe, NM 87505
Santa Fe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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