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    Property profile & analytics

    3401 Cerrillos Rd Santa Fe, NM 87507-7206

    • Drive through restaurants
    • 1,932 SF
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Sep 12, 2024
    Location Intelligence
    Property ID
    US61-0126008
    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

    • Schlotzsky's / Sandwich Shop

    Property Details for 3401 Cerrillos Rd

    Property size
    1,932 SF
    Property type
    Drive through restaurants
    APN
    15254063
    APU
    15254063

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $465,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $555,000
      Mixed-Use
      $540,000
      Hospitality
      $425,000
      Educational
      $440,000
      Residential Income
      $530,000
      Energy
      $450,000
      Income-Based Land
      $430,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.004
    Latitude
    35.6482
    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
    $7,339
    $135,014
    $93,208
    $228,222
    -
    $405,045
    $279,625
    $684,670

    Comparable in this City

    • Value Estimation
      $450,000
      2,549 SF

      3295 Cerrillos Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,549 SF
      3295 Cerrillos Rd, Santa Fe, NM 87507-2924
      View Details
    • Value Estimation
      $480,000
      2,808 SF

      2820 Zia Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,808 SF
      2820 Zia Rd, Santa Fe, NM 87507-5570
      View Details
    • Value Estimation
      $385,000
      2,400 SF

      4706 Airport Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,400 SF
      4706 Airport Rd, Santa Fe, NM 87507-2888
      View Details
    • Value Estimation
      $455,000
      4,926 SF

      4001 Lucia Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,926 SF
      4001 Lucia Ln, Santa Fe, NM 87507-2887
      View Details
    • Value Estimation
      $460,000
      1,676 SF

      3261 Cerrillos Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,676 SF
      3261 Cerrillos Rd, Santa Fe, NM 87507-2924
      View Details
    • Value Estimation
      $535,000
      2,809 SF

      5040 Promenade Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,809 SF
      5040 Promenade Blvd, Santa Fe, NM 87507-5500
      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
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    • $2,495,000
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      Santa Fe Investment Property For Sale

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

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    • $1,250,000
      3.76 Acres

      Prime Commercial Land in Santa Fe

      3.76-acre vacant commercial parcel in Santa Fe's automotive hub.
      6680 Cerrillos Rd, Santa Fe, NM 87507
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    • $525,000
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      Flex-Use Condominium in Santa Fe

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    • $1,200,000

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      Prime Retail Outparcel, Hwy 599 & Jaguar
      0 Jaguar Dr, Santa Fe, NM 87507
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    Similar Nearby for Lease

    • 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
    • $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
    • $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
    • $5,000 /Mo
      1,300 SF

      Retail Space on Cerrillos Road

      High-visibility retail space with frontage on Cerrillos Road.
      2861 Cerrillos Rd, Santa Fe, NM 87507
      View Details
    • Contact for pricing
      28,000 SF

      Freestanding Retail Building in Santa Fe

      28,000 SF retail building with ample parking.
      3140 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
      8.0k
    • Visitors by month
      6.8k
    • Avg Time on site
      21 min
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    Santa Fe, NM 87507-7206
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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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