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    Property profile & analytics

    3139 Cerrillos Rd Santa Fe, NM 87507-2308

    • Turn key restaurants
    • 5,982 SF
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US61-0307930
    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

    • Tortilla Flats / Mexican Restaurant / Bar

    Property Details for 3139 Cerrillos Rd

    Property size
    5,982 SF
    Property type
    Turn key restaurants
    APN
    16008917
    APU
    16008917

    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
    -105.996
    Latitude
    35.6535
    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
    $9,567
    $147,449
    $150,044
    $297,493
    -
    $442,350
    $450,135
    $892,485

    Comparable in this City

    • Value Estimation
      $415,000
      1,536 SF

      3277 Cerrillos Rd

      RESTAURANT • 1,536 SF
      3277 Cerrillos Rd, Santa Fe, NM 87507-2924
      View Details
    • Value Estimation
      $325,000
      3,339 SF

      2875 Cerrillos Rd

      RESTAURANT • 3,339 SF
      2875 Cerrillos Rd, Santa Fe, NM 87507-2311
      View Details
    • Value Estimation
      $370,000
      3,447 SF

      3004 Cerrillos Rd

      RESTAURANT • 3,447 SF
      3004 Cerrillos Rd, Santa Fe, NM 87507-2305
      View Details
    • Value Estimation
      $380,000
      150 SF

      3486 Zafarano Dr

      RESTAURANT • 150 SF
      3486 Zafarano Dr, Santa Fe, NM 87507-2631
      View Details
    • Value Estimation
      $410,000
      1,883 SF

      2890 Agua Fria St

      RESTAURANT • 1,883 SF
      2890 Agua Fria St, Santa Fe, NM 87507-5407
      View Details
    • Value Estimation
      $420,000
      2,356 SF

      3297 Cerrillos Rd

      RESTAURANT • 2,356 SF
      3297 Cerrillos Rd, Santa Fe, NM 87507-2924
      View Details

    Similar Nearby for Sale

    • $2,000,000
      3,053 SF

      New Restaurant on Cerrillos Road

      New restaurant on a 1.61-acre parcel in Santa Fe.
      3570 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $2,495,000
      20,481 SF

      Santa Fe Investment Property For Sale

      Multi-tenant property with staggered leases and irreplaceable location.
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      Santa Fe Commercial Building Opportunity

      Versatile commercial building in Santa Fe's vibrant arts district.
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    • $1,200,000

      Santa Fe Retail Pad - Hwy 599

      Prime Retail Outparcel, Hwy 599 & Jaguar
      0 Jaguar Dr, Santa Fe, NM 87507
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    • $525,000
      1,587 SF

      New Santa Fe Flex Condominium

      New commercial, industrial, and flex-use condominium development in Santa Fe.
      1189 Parkway Dr, Santa Fe, NM 87507
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    • $525,000
      1,587 SF

      Santa Fe Flex-Use Condominium Development

      New commercial, industrial, and flex-use condominium development in Santa Fe.
      1189 Parkway Dr, Santa Fe, NM 87507
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      19,905 SF

      Santa Fe Retail Space - Multiple Units

      High-traffic location, flexible spaces available.
      2860 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • Contact for pricing
      90,466 SF

      Santa Fe Commercial Center Investment

      Retail, Medical & Office Spaces Available
      8380 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $20 SF/Yr
      5,043 SF

      Retail Space on Cerrillos Road

      Retail space available for lease on Cerrillos Road.
      3965 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • Contact for pricing
      9,000 SF

      Cerrillos Road Commercial Land

      2.5 Acres, High-Visibility Retail
      0 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $30 SF/Yr
      553 SF

      Retail Space in Santa Fe

      Retail space available for lease in Santa Fe, NM.
      3490 Zafarano Dr, Santa Fe, NM 87507
      View Details
    • $1,500 /Mo
      1,000 SF

      Retail Space on Cerrillos Road

      Prime retail opportunity in a high-traffic Santa Fe location.
      2859 Cerrillos Rd, Santa Fe, NM 87507
      View Details

    Property Visit Statistics

    • Visits by month
      633
    • Visitors by month
      769
    • Avg Time on site
      24 min
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    3139 Cerrillos Rd
    Santa Fe, NM 87507-2308
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    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
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