Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3358 Cerrillos Rd Santa Fe, NM 87507-7205
    Back to Search
    Property profile & analytics

    3358 Cerrillos Rd, Santa Fe, NM 87507-7205

    View on Map
    • Motels
    • 37,509 SF
    • 1.70 lot acres
    Off-Market
    Property ID
    US61-0245798
    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.
    Value Estimations
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coyote South Santa Fe / Hotel & Motel

    Property Details for 3358 Cerrillos Rd

    Lot size
    1.70 lot acres
    Property type
    Motels
    APN
    18402715
    APU
    18402715

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2019 — 3358 Concept LLC Five Star Hospitality LLC Warranty Deed $2.7M · Nusenda Fed'l Credit
    Jul 2, 2009 — Five Star Hospitality LLC Mischels LLC Grant Deed $2M · Excel National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $805,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,546,000
      Market price range: $848k - $5.90M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.003
    Latitude
    35.6473
    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
    $46,343
    $294,464
    $1,146,676
    $1,441,140
    -
    $883,393
    $3,440,030
    $4,323,423

    Comparable in this City

    • Value Estimation
      $570,000
      10,988 SF

      2810 Cerrillos Rd

      MOTEL
      2810 Cerrillos Rd, Santa Fe, NM 87507-2303
      View Details
    • Value Estimation
      $1,385,000
      76,404 SF

      3357 Cerrillos Rd

      MOTEL
      3357 Cerrillos Rd, Santa Fe, NM 87507-2942
      View Details
    • Value Estimation
      $645,000
      15,182 SF

      3360 Cerrillos Rd

      MOTEL
      3360 Cerrillos Rd, Santa Fe, NM 87507-7205
      View Details
    • Value Estimation
      $1,130,000
      36,608 SF

      4312 Cerrillos Rd

      HOTEL
      4312 Cerrillos Rd, Santa Fe, NM 87507-9720
      View Details
    • Value Estimation
      $1,115,000
      39,040 SF

      8376 Cerrillos Rd

      HOTEL
      8376 Cerrillos Rd, Santa Fe, NM 87507-4413
      View Details
    • Value Estimation by Request
      911 SF

      3300 Rufina St

      Retirement homes
      3300 Rufina St, Santa Fe, NM 87507
      View Details

    Similar Nearby for Sale

    • $7,000,000
      130 SF

      Santa Fe RV Resort Development

      57-acre RV resort and equestrian development site in Santa Fe.
      87 Polo Dr, Santa Fe, NM 87507
      View Details
    • Contact for pricing

      Entitled RV Resort Development Site

      114-acre RV resort and equestrian development site for sale.
      100 South Polo Dr, Santa Fe, NM 87507
      View Details
    • $1,663,556

      Santa Fe Commercial Land - $1.6M

      ±2.5 Acres, High-Visibility Location
      0 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $435,600

      Santa Fe Land Investment Opportunity

      Prime land in Santa Fe, versatile zoning, excellent investment potential.
      17 Plaza La Prensa, Santa Fe, NM 87507
      View Details
    • $525,000
      1,587 SF

      New Flex-Use Condominium Development

      New commercial, industrial, and flex-use condominiums in Santa Fe.
      1189 Parkway Dr, Santa Fe, NM 87507
      View Details
    • $754,000
      2,242 SF

      Versatile Corner Unit with Visibility

      Flexible commercial space suitable for showroom, gallery, studio, or cafe.
      1300 Rufina St, Santa Fe, NM 87507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,197 SF

      Office/Warehouse Space in Business Park

      3,197 SF office/warehouse space in central Santa Fe.
      3225-3229 Richards Ln, Santa Fe, NM 87507
      View Details
    • New
      $2,703 /Mo
      2,093 SF

      Industrial Zoning Office Space

      For-rent office space with I-1 zoning, suited for professional tenants seeking an industrially zoned setting.
      3228 Richards Ln, Santa Fe, NM 87507
      View Details
    • Contact for pricing

      Office/Warehouse Space in Business Park

      3,197 SF office/warehouse space in central Santa Fe.
      3225 Richards Ln, Santa Fe, NM 87507
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease in Santa Fe, NM.
      2860 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • Contact for pricing

      Santa Fe Commercial Spaces Available

      Commercial spaces and pad sites available for lease in Santa Fe.
      8380 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • $3,300 /Mo
      2,000 SF

      Santa Fe Commercial Space Available

      Prime commercial space for lease in Santa Fe's Rodeo District.
      3600 Rodeo Rd, Santa Fe, NM 87507
      View Details

    Property Visit Statistics

    • Visits by month
      739
    • Visitors by month
      572
    • Avg Time on site
      40 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3358 Cerrillos Rd
    Santa Fe, NM 87507-7205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3358 Cerrillos Rd, Santa Fe, NM, 87507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!