Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    802 Early St Santa Fe, NM 87505-1636

    • Office properties & Spaces
    • 8,901 SF
    OFF-MARKET
    Last Sale
    Apr 13, 2023
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0129913
    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

    • Ocean Waves Institute Santa Fe / Wellness Program
    • Leaf and Flower / (Bike/Boat/Book/etc) Store
    • Sante Fe Community Services / Social Service Agency / Charitable Organization
    • Student Space / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 802 Early St

    Property size
    8,901 SF
    Property type
    Office properties & Spaces
    APN
    12787072
    APU
    12787072

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $839,000
      Market price range: $839k - $3.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.953
    Latitude
    35.678
    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
    $3,668
    $43,196
    $70,865
    $114,061
    -
    $129,591
    $212,597
    $342,188

    Comparable in this City

    • Value Estimation by Request
      13,861 SF

      1660 Old Pecos Trl

      Coworking space • 13,861 SF
      1660 Old Pecos Trl, Santa Fe, NM 87505
      View Details
    • Value Estimation by Request
      647 SF

      1925 Aspen Dr Ste 601b

      OFFICE (GENERAL) • 647 SF
      1925 Aspen Dr Ste 601b, Santa Fe, NM 87505-5468
      View Details
    • Value Estimation by Request
      647 SF

      1925 Aspen Dr Ste 801a

      OFFICE (GENERAL) • 647 SF
      1925 Aspen Dr Ste 801a, Santa Fe, NM 87505-5576
      View Details
    • Value Estimation by Request
      647 SF

      1925 Aspen Dr Ste 700b

      OFFICE (GENERAL) • 647 SF
      1925 Aspen Dr Ste 700b, Santa Fe, NM 87505-5470
      View Details
    • Value Estimation by Request
      647 SF

      1925 Aspen Dr Ste 600a

      OFFICE (GENERAL) • 647 SF
      1925 Aspen Dr Ste 600a, Santa Fe, NM 87505-5468
      View Details
    • Value Estimation by Request
      647 SF

      1925 Aspen Dr Ste 800a

      OFFICE (GENERAL) • 647 SF
      1925 Aspen Dr Ste 800a, Santa Fe, NM 87505-5560
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2,018 SF

      Cerrillos Road Commercial Lot

      High-visibility commercial lot on Cerrillos Road with C-2 zoning.
      1863 Cerrillos Rd, Santa Fe, NM 87505
      View Details
    • $1,100,000
      4,631 SF

      Cerrillos Road Commercial Property

      High-visibility commercial property on Cerrillos Road.
      1932 Cerrillos Rd, Santa Fe, NM 87505
      View Details
    • $435,000
      Pending

      Santa Fe Midtown Office Space

      Midtown office with flexible floor plan and ample parking.
      1723 2Nd St, Santa Fe, NM 87505
      View Details
    • $3,250,000
      20,467 SF

      Professional Office Building in Santa Fe

      Two-story office building near medical hub with flexible configurations.
      2006 Botulph Rd, Santa Fe, NM 87505
      View Details
    • $1,389,000
      Pending

      Versatile Commercial Property in Santa Fe

      Adaptable commercial space with warehouse and ample parking.
      1517 5Th St, Santa Fe, NM 87505
      View Details
    • $235,200
      1,176 SF

      Two-Story Office Condo For Sale

      Two-story office condo with four offices, restroom, and reception area.
      1464 St S, Santa Fe, NM 87505
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,600 SF

      Santa Fe Office Space for Lease

      1600 sq ft, prime downtown location
      607 Cerrillos Rd, Santa Fe, NM 87505
      View Details
    • $15 SF/Yr
      9,504 SF

      Santa Fe Office Space Available

      Premium ground floor office with basement storage in Santa Fe.
      2006 Botulph Rd, Santa Fe, NM 87505
      View Details
    • $288,275
      887 SF

      Santa Fe Office Space Available

      Office space with private offices, reception area, and parking.
      460 Saint Michaels Dr, Santa Fe, NM 87505
      View Details
    • $2,090 /Mo
      1,254 SF

      Move-in Ready Office Suite

      Professional office space with private entrance, convenient location, parking.
      2945 Rodeo Park Dr E, Santa Fe, NM 87505
      View Details
    • $3,476 /Mo
      2,085 SF

      Functional Office Space on St. Francis

      Sublease office space with high visibility and convenient access.
      1400 S St Francis Dr, Santa Fe, NM 87505
      View Details
    • $3,300 /Mo
      1,900 SF

      Santa Fe Live/Work Space

      Modern 1,900 SF commercial-residential space in Santa Fe, NM.
      901 W San Mateo Rd, Santa Fe, NM 87505
      View Details
    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.
    802 Early St
    Santa Fe, NM 87505-1636
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!