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Property profile & analytics
FOR LEASE
Investment properties

502 W Cordova Rd Santa Fe, NM 87505

8,677 SF 0.4 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US61-1629074
Property summary
AI-generated overview

This 1,000-square-foot commercial space, located at 502 W Cordova Road Unit D in Santa Fe County, presents a fantastic opportunity for businesses seeking a well-appointed office or retail location. Built in 1995, this single-tenant space is situated on the second floor of a two-story building and is conveniently located minutes from downtown Santa Fe. The property is zoned C-1 and features a functional layout ideal for various professional or retail uses. The interior boasts five individual offices, providing ample space for a team or individual professionals. A small kitchenette and a private restroom add to the convenience and functionality of the space. Additional storage is provided by a dedicated storage closet. The building utilizes public power and does not have an elevator. The property's APN is 012802176. This freshly painted space offers a clean and modern feel, ready for immediate occupancy. The property's single-tenant occupancy ensures privacy and control over the space. This is a rare opportunity to secure a well-located, functional commercial space in the vibrant Santa Fe market.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 8,677 SF
Lot 0.4 ac (17,250 SF)
APN 12802176
UPID US61-1629074
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
  • Mortgage Solutions De Santa Fe Loan Service Bank
  • Gateway Mortgage Loan Service Bank
  • Heather Carter Loan Service Bank
  • Rainbow Road Therapies Physician
  • Gateway Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.24M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M
Owner & transaction history
Theriot Cielo LLC · 4 yrs held
Theriot Cielo LLC
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A
2012
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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