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Property profile & analytics
OFF-MARKET Estimated value $885,000
Grocery and convenience stores

3201 Zafarano Dr 30 Santa Fe, NM 87507-2668

33,881 SF 2.55 ac lot
Entity Owned Free & Clear
Property ID
US61-0932818
Property summary
AI-generated overview

This exceptional investment opportunity presents a multi-tenant, grocery-anchored retail center strategically located in Santa Fe, New Mexico's premier retail corridor. The property encompasses 52,646 square feet across four buildings situated on a 4.59-acre lot. Boasting a remarkable 97.6% occupancy rate, the center generates a strong net operating income (NOI) of $1,043,144. The tenant roster includes a diverse mix of national and regional brands such as Sprouts Market, Starbucks, Aspen Dental, Verizon Wireless, Papa Murphy's, Great Clips, UPS Store, Farmers Insurance, Mariner Credit Union, Miracle Ear, Eyemart, Comfort Dental, Ultra Health, and Latinos Mini Mart. The property benefits from high visibility and excellent traffic counts, further enhanced by its proximity to established residential areas, new developments, and major thoroughfares including Interstate 25. A recent 15-year lease extension with Sprouts Market anchors the center's long-term stability. The surrounding area features a robust retail landscape including Lowe's, Regal Cinemas, Sam's Club, Target, and numerous national restaurants and businesses, creating a synergistic environment for continued success. This core+ investment presents a compelling opportunity to acquire a high-performing asset in a thriving market with significant growth potential. The property's strong tenancy, high occupancy, and prime location make it an attractive investment for discerning buyers seeking stable returns and long-term appreciation.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Total area 33,881 SF
Lot 2.55 ac (110,904 SF)
APN 99306818
UPID US61-0932818
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
  • Papa Murphy's | Take 'N' Bake Pizza Restaurant
  • ALL STAR FLOORING LLC General Contractor Renovation Specialist
  • Great Clips Hair Salon
  • Notary Public Services Law Firm
  • Mariner Finance Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$885k
Owner & transaction history
SAN ISIDRO PLAZA, LLC
SAN ISIDRO PLAZA, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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