Property profile

607 Cerrillos Rd Santa Fe, NM 87505

FOR LEASE
Strip malls
Property ID
US61-0187780
20,980 SF
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,600 square foot office space, located at 607 Cerrillos Rd Unit D-2 in Santa Fe, New Mexico, presents a unique opportunity for businesses seeking a vibrant and convenient location. Situated in a building constructed in 1995, this single-tenant space is ideal for executive offices, medical practices, or general commercial use, as reflected in its C-1 zoning. The property boasts convenient elevator access, a significant advantage for this upstairs unit. The open floor plan offers flexibility for various layouts, accommodating cubicles or collaborative workspaces. A built-in kitchenette adds practicality and convenience for staff. The 0.46-acre lot ensures ample space. This prime location offers easy access to public transportation, including proximity to the Santa Fe Depot Rail Runner Station and the Cerrillos @ Paseo De Peralta IB bus station. Nearby amenities include Whole Foods Market, providing convenient access to daily necessities. The nearby Santa Fe Railyard Park offers a tranquil escape. This property provides not only a strategic location but also a blank canvas to create a professional and efficient workspace. The address is 607 Cerrillos Rd Unit D-2, Santa Fe, NM 87505.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 20,980 SF
APN 10472399
UPID US61-0187780

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Construction Company General Contractor
  • Charitable Organization Social Service Agency
  • Real Estate Agency
  • Real Estate Agency

Location

607 Cerrillos Rd Santa Fe, NM 87505
Santa Fe metro Census 600 SANTA FE, NM METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$840k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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