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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office Spaces
216 Washington Ave Santa Fe, NM 87501-1927
Entity Owned
7-yr Hold
Free & Clear
Property ID
US61-0137619
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
4,033 SF
Lot
0.22 ac (9,757 SF)
APN
12472250
UPID
US61-0137619
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
-
Santa Fe Properties Real Estate Agency
-
Efrain Prieto Group Real Estate Agency
-
Linda Murphy Santa Fe Real Estate Broker Real Estate Agency
-
Santa Fe Properties: Sharon Brown Real Estate Agency
-
Tom Abrams, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Santa Fe Portfolio LLC · 7 yrs held
Santa Fe Portfolio LLC
since 2018
4 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$955,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$152 / 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
$15,210
Tax year 2023
Assessed value
$472,990
Assessed 2023
Previous assessed
$370,680
+27.6% YoY
Effective rate
3.22%
On assessed value
Assessed land
$158,959
Assessed improvement
$314,031
Land market value
$476,880
Improvement market value
$942,096
Total market value
$1,418,976
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Total area
4,033 SF
Lot
0.22 ac (9,757 SF)
APN
12472250
UPID
US61-0137619
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
WAREHOUSE, STORAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$920,000
WAREHOUSE, STORAGE
OFFICE 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
Lot
0.22 ac
Current owner
From public records · entity-resolved
Santa Fe Portfolio LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 908, SANTA FE, NM 87504-0908
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Santa Fe Portfolio LLC
Santa Fe Properties INC
Quit Claim Deed
related
—
Feb 1, 2017
—
Santa Fe Properties INC
M And P LLC
Warranty Deed
$1,875,000 · Washington Federal NA
—
—
M & P LLC
—
Deed Of Trust
related
$750,000 · Wells Fargo Bank New Mexico
—
—
M & P LLC
—
Deed Of Trust
related
$1,844 · Wells Fargo 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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