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Property profile & analytics
FOR LEASE
Retail space
2860 Cerrillos Rd Santa Fe, NM 87507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US61-0184411
For Lease
1 / 7
Contact for pricing
2860 Cerrillos Rd, Santa Fe, NM 87507
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Property summary
AI-generated overview
This exceptional Santa Fe retail property, located at 2860 Cerrillos Rd, 87507, offers multiple units ideal for various businesses. The property sits on a 4.72-acre lot and is zoned C-2, providing ample opportunity for diverse commercial uses. Four spaces are currently available, ranging in size from approximately 1,230 square feet to a substantial 11,372 square feet. The largest contiguous space available measures 5,738 square feet. Rental rates vary by unit
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
52,338 SF
Lot
4.65 ac (202,554 SF)
APN
11231360
UPID
US61-0184411
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
-
Wok Restaurant
-
Santa Fe Christian Fellowship Church Church
-
A-1 Liquidation Department Store
-
Dollar Tree Discount Store
-
Los Nietos Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Cubic Agency LLC · 2 yrs held
Cubic Agency LLC
since 2024
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$20 / 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
$54,658
Tax year 2023
Assessed value
$1,699,725
Assessed 2023
Previous assessed
$1,402,618
+21.2% YoY
Effective rate
3.22%
On assessed value
Assessed land
$486,707
Assessed improvement
$1,213,018
Land market value
$1,460,124
Improvement market value
$3,639,056
Total market value
$5,099,180
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Heating
NONE
Total area
52,338 SF
Lot
4.65 ac (202,554 SF)
APN
11231360
UPID
US61-0184411
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
Building & site characteristics
From public records
Heating
NONE
Lot
4.65 ac
Current owner
From public records · entity-resolved
Cubic Agency LLC
Entity
Mailing address
3305 ORION DR, DENVER, CO 80202
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Cubic Agency LLC
Moonyoon2 LLC
Deed
related
—
Jan 23, 2019
—
Moonyoon2 LLC
—
Deed
related
$3,650,000 · Us Bk
Nov 6, 2015
—
Moon Yoon2 LLC
Gardenswartz Shopping Center Associ
Special Warranty Deed
—
—
—
Moonyoon2 LLC
—
Loan Modification
related
$3,650,000 · Us Bk
—
—
Gardenswartz Shopping Center A
—
Deed Of Trust
related
$2,700,000 · Ameriprise Certificate Co
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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