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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4399 Cerrillos Rd Cañada de los Alamos, NM 87505

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0123462
    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

    • Commercial real estate

    Property Details for 4399 Cerrillos Rd

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Santa Fe, New Mexico. Located at 4399 Cerrillos Road, this level pad site boasts unparalleled visibility due to its adjacency to a Kohl's department store, ensuring high traffic and brand recognition. The property offers full access to a major intersection, providing convenient ingress and egress for potential businesses. Its location within an Opportunity Zone further enhances its investment appeal, offering potential tax advantages. The site is situated in Santa Fe County, with a Santa Fe city address and an 87505 zip code. The asking price is $1,916,640, and the seller is motivated to receive cash. This property is ideal for a wide range of commercial developments, benefiting from its proximity to numerous amenities and a high-traffic location. The level topography simplifies construction, minimizing site preparation costs. This is a rare opportunity to acquire a prime commercial land parcel in a thriving Santa Fe location. The property's strategic positioning and advantageous features make it an exceptional investment prospect. Don't miss this chance to secure a highly visible and accessible location in a desirable market. The seller is motivated for a cash sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cañada de los Alamos
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.8525154
    Latitude
    35.616067

    Comparable in this City

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    Similar Nearby for Sale

    • $90,000
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      Santa Fe Land with Mountain Views

      Tranquil 1.25 acre lot with trees and mountain views.
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      View Details
    • $90,000
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      Santa Fe Treed Land Parcel

      Beautiful treed 1.25 acre property near Santa Fe Plaza.
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    • $499,000
      20.00 Acres

      20 Acre Lot with Views

      20 acre lot near Santa Fe with water hookups and views.
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    • $230,000
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      Santa Fe Land with Views

      1.36 acre land parcel with mountain and valley views.
      109 Valle Sereno, Santa Fe, NM 87505
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    • $650,000
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      Pacheco Office Condo Development

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      2085 Pacheco St, Santa Fe, NM 87505
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    • $57,000
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      49 Acres in Santa Fe

      Pristine 49-acre land parcel in Santa Fe County.
      Calle Canoncito - Parcel 2, Santa Fe, NM 87505
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Santa Fe Office Space for Lease

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      Santa Fe Office Space Available

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      Santa Fe Pad Site - Drive-Thru Ready

      Prime Retail Pad, Excellent Visibility
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    • $21 SF/Yr
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      Santa Fe Office Space for Lease

      Prime Santa Fe location, versatile office suites.
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    4399 Cerrillos Rd
    Cañada de los Alamos, NM 87505
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    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
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