3271 Zafarano Dr, Santa Fe, NM 87507
This ±1.1-acre pad in Santa Fe, NM, presents a unique ground lease or build-to-suit opportunity within the thriving San Isidro Plaza. Located at 3271 Zafarano Dr, 87507, this property benefits from its position in a high-performing retail center attracting over 2.5 million visitors annually. The plaza is anchored by Lowe's Home Improvement and Sprouts grocery, and is undergoing a significant redevelopment, including new multifamily residential units and the transformation of a former theater into a vibrant entertainment district. This prime location along the Santa Fe retail corridor on the city's high-growth south side is surrounded by established neighborhoods and new residential developments, offering exceptional access to a large consumer base. Within a half-mile radius, there's over 1.8 million square feet of retail space, including restaurants, national retailers, shopping malls, and entertainment venues. This presents a compelling investment opportunity for developers seeking to capitalize on the area's robust growth and strong retail performance. The site is easily accessible via the busy Cerrillos Road. This is an exceptional chance to establish a presence in a dynamic and expanding retail environment. The property is ideal for a variety of commercial uses, making it a highly attractive investment prospect.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.