Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1851 Saint Michaels Dr Santa Fe, NM 87505-7618

    • Turn key restaurants
    • 3,721 SF
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US61-0114004
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1851 Saint Michaels Dr

    Property size
    3,721 SF
    Property type
    Turn key restaurants
    APN
    12759936
    APU
    12759936

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.971
    Latitude
    35.6597
    CBSA code
    42140
    CBSA name
    SANTA FE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,486
    $38,749
    $38,546
    $77,295
    -
    $116,250
    $115,639
    $231,889

    Comparable in this City

    • Value Estimation by Request
      4,160 SF

      1601 Berry Ave

      RESTAURANT • 4,160 SF
      1601 Berry Ave, Santa Fe, NM 87505-3437
      View Details
    • Value Estimation by Request
      5,544 SF

      1611 Calle Lorca

      RESTAURANT • 5,544 SF
      1611 Calle Lorca, Santa Fe, NM 87505-3927
      View Details
    • Value Estimation by Request

      1814 2nd St

      RESTAURANT
      1814 2nd St, Santa Fe, NM 87505-3848
      View Details
    • Value Estimation
      $370,000
      2,284 SF

      1947 Cerrillos Rd

      RESTAURANT • 2,284 SF
      1947 Cerrillos Rd, Santa Fe, NM 87505-3382
      View Details
    • Value Estimation
      $425,000
      2,318 SF

      624 Old Las Vegas Hwy

      RESTAURANT • 2,318 SF
      624 Old Las Vegas Hwy, Santa Fe, NM 87505-1410
      View Details
    • Value Estimation
      $350,000
      3,990 SF

      1965 Cerrillos Rd

      RESTAURANT • 3,990 SF
      1965 Cerrillos Rd, Santa Fe, NM 87505-3382
      View Details

    Similar Nearby for Sale

    • $645,000
      3,080 SF

      Santa Fe Mixed-Use Investment

      Prime Santa Fe location, versatile space, strong ROI.
      1892 Plaza Del Sur Dr, Santa Fe, NM 87505
      View Details
    • $3,300,000
      5,051 SF

      Santa Fe Retail Redevelopment Opportunity

      Prime Santa Fe location, high traffic, redevelopment potential.
      1005 St Francis Dr, Santa Fe, NM 87505
      View Details
    • $3,300,000
      5,015 SF

      Restaurant Building with Development Rights

      Restaurant condo unit with patio and development rights for sale.
      1005 S Saint Francis Dr, Santa Fe, NM 87505
      View Details
    • $1,389,000
      Pending

      Versatile Commercial Property in Santa Fe

      Adaptable commercial space with warehouse and ample parking.
      1517 5Th St, Santa Fe, NM 87505
      View Details
    • $2,500,000
      4,440 SF

      Canyon Road Commercial Space Available

      Flexible commercial space on Canyon Road, Santa Fe.
      808 Canyon Rd, Santa Fe, NM 87505
      View Details
    • New
      $150,000
      1,400 SF

      Ojo Caliente Rehab Opportunity

      Rehab opportunity: gas station and convenience store in Ojo Caliente.
      35213 Us Highway 285, Ojo Caliente, NM 87505
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo
      1,067 SF

      Retail Space in Santa Fe

      Retail space available for lease in Santa Fe, NM.
      1508 Saint Francis Dr, Santa Fe, NM 87505
      View Details
    • $18 SF/Yr
      1,600 SF

      Santa Fe Office Space for Lease

      1600 sq ft, prime downtown location
      607 Cerrillos Rd, Santa Fe, NM 87505
      View Details
    • Contact for pricing
      7,577 SF

      Retail Space in Santa Fe

      Retail space anchored by Trader Joe's in Santa Fe.
      504-540 W Cordova Rd, Santa Fe, NM 87505
      View Details
    • $1,160 /Mo
      1,470 SF

      Retail Space Available For Rent

      Retail space available for lease, totaling 1,470 square feet.
      1512 Pacheco St, Santa Fe, NM 87505
      View Details
    • $14 SF/Yr
      3,003 SF

      Santa Fe Warehouse and Retail

      Warehouse and retail space near St. Michaels & St Francis Dr.
      851 W San Mateo Rd, Santa Fe, NM 87505
      View Details
    • $18 SF/Yr
      8,096 SF

      High Visibility Retail Building Available

      Free standing retail building in a dense retail corridor.
      2505 Cerrillos Rd, Santa Fe, NM 87505
      View Details

    Property Visit Statistics

    • Visits by month
      10.0k
    • Visitors by month
      7.8k
    • Avg Time on site
      53 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1851 Saint Michaels Dr
    Santa Fe, NM 87505-7618
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.