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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Banks
2009 Galisteo St, Santa Fe, NM 87505-2101
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0131748
Property summary
AI-generated overview
This single-story, 9,233-square-foot creative office building is located at 2009 Galisteo Street in Santa Fe, New Mexico, zip code 87505. Built in 2007, the property features a total of 2,696 square feet of vacant space available for lease in a multi-tenant environment. The building is situated in the Santa Fe submarket and is zoned C1. Its convenient location offers easy access from all parts of the city, making it an ideal location for businesses seeking a central Santa Fe address. The property boasts ample parking with a ratio of six spaces per 1,000 square feet. This presents a unique opportunity for businesses seeking a well-located, creative office space in the vibrant Santa Fe market. The building's single-story design provides easy navigation and accessibility. Interested parties should inquire about available space and lease terms. The property's central location and ample parking make it a highly desirable option for businesses of all sizes. The creative office space is perfect for companies seeking a unique and inspiring work environment.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
9,811 SF
APN
19000972
UPID
US61-0131748
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
-
Los Alamos National Bank Bank Loan Service
-
Enterprise Bank & Trust Bank Loan Service
-
Enterprise Bank & Trust - VTM Atm
-
Enterprise Bank and Trust - ATM Atm
-
Lanb Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$705k
Owner & transaction history
LOS ALAMOS NATIONAL BANK
LOS ALAMOS NATIONAL BANK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+42.7%
Auto repair, garage
$1.0M
+25.7%
Medical building
$1.0M
+23.4%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$820,000
Current use
RESTAURANT
$1,170,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,035,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,015,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$72 / 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
$32,847
Tax year 2023
Assessed value
$1,021,450
Assessed 2023
Previous assessed
$821,681
+24.3% YoY
Effective rate
3.22%
On assessed value
Assessed land
$125,788
Assessed improvement
$895,662
Land market value
$377,367
Improvement market value
$2,686,988
Total market value
$3,064,355
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Total area
9,811 SF
APN
19000972
UPID
US61-0131748
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
FINANCIAL BUILDING Current
Est. value
$820,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
Current owner
From public records · entity-resolved
LOS ALAMOS NATIONAL BANK
Individual
Free & Clear · 0 yrs held
Mailing address
1200 TRINITY DR, LOS ALAMOS, NM 87544-3286
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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