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8380 Cerrillos Rd Santa Fe, NM 87507

Retail space Google Maps
132,082 SF 16.48 ac lot
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$2.16M
Range $1.94M – $2.38M (±10%)
Property ID US61-1650127

Property summary

AI-generated overview

This exceptional commercial property, located at 8380 Cerrillos Rd in Santa Fe, New Mexico, 87507, presents a unique investment opportunity. The Southside Destination Retail, Medical & Office Center offers a diverse range of spaces, ideal for various business types. The property encompasses a total of 26 available units, ranging in size from approximately 405 square feet to 11,825 square feet, catering to a wide spectrum of tenant needs. The property type includes retail, office, and restaurant spaces, with specific subtypes encompassing medical and traditional office uses. Multiple tenancies are available, providing flexibility for investors and businesses alike. The property is situated in Santa Fe County and benefits from a C-2 General Commercial zoning designation. Furthermore, there are two additional pad sites available, one measuring approximately 0.84 acres, with sizes for pad sites 2 & 3 available upon request. This prime location offers excellent visibility and accessibility, making it an attractive destination for businesses and customers. The property's diverse offerings and strategic location in Santa Fe, New Mexico, position it for strong rental income and long-term appreciation. Lease rates and further details regarding the available spaces and pad sites are available upon inquiry.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 132,082 SF
Lot 16.48 ac (717,956 SF)
APN 940001475
UPID US61-1650127

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
  • Children'S Clothing Store Men'S Clothing Store
  • Clothing Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store
  • Contact Lenses Supplier Lasik Surgeon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2018
$10.2M
2012
Price N/A
2007
Price N/A
2005
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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