Property profile

2861 Cerrillos Rd Santa Fe, NM 87507

OFF-MARKET
Office buildings
Property ID
US61-0148287
1,150 SF
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding commercial property presents a unique investment opportunity in the vibrant Santa Fe market. Located at 2861 Cerrillos Rd, at the cross streets of Cerrillos Rd and Clark Rd, this 1,297 square foot building sits on a sizable 0.51-acre lot, offering ample space and potential for various uses. Currently configured as a former quick-service restaurant (QSR), the property is zoned C-2, allowing for a range of commercial ventures. The single-tenant occupancy provides flexibility for owner-operators or investors seeking a straightforward investment. The building's prime location ensures high visibility and accessibility, making it an ideal spot for a thriving business. The property's size and zoning provide significant potential for expansion or modification to suit a variety of business needs. This is a rare opportunity to acquire a well-situated, freestanding commercial building in a desirable Santa Fe location. The property is ready for immediate occupancy, presenting a turnkey solution for entrepreneurs and investors alike. Its strategic location at the intersection of Cerrillos Rd and Clark Rd in Santa Fe, New Mexico (zip code 87507) guarantees excellent exposure and convenient access for customers. This is a remarkable chance to own a piece of Santa Fe's thriving commercial landscape.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Total area 1,150 SF
APN 16002744
UPID US61-0148287

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

2861 Cerrillos Rd Santa Fe, NM 87507-2311
Santa Fe metro Census 1202 SANTA FE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2017
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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