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Property profile & analytics
FOR SALE
Specialty properties
87 Polo Dr Santa Fe, NM 87507
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0051970
For Sale
1 / 21
$7,000,000
87 Polo Dr, Santa Fe, NM 87507
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Total area
3,136 SF
Lot
57.09 ac (2,486,840 SF)
APN
68100876
UPID
US61-0051970
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grand Prix De Santa Fe LLC · 11 yrs held
Grand Prix De Santa Fe LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Fe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Fe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,762
Tax year 2023
Assessed value
$577,726
Assessed 2023
Previous assessed
$512,902
+12.6% YoY
Effective rate
2.90%
On assessed value
Assessed land
$139,098
Assessed improvement
$438,628
Land market value
$417,296
Improvement market value
$1,315,885
Total market value
$1,733,181
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
For Sale
Heating
NONE
Buildings
6
Total area
3,136 SF
Lot
57.09 ac (2,486,840 SF)
APN
68100876
UPID
US61-0051970
Jurisdiction
SANTA FE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Buildings
6
Lot
57.09 ac
Current owner
From public records · entity-resolved
Grand Prix De Santa Fe LLC
Entity
Mailing address
1421 LUISA ST STE G, SANTA FE, NM 87505-4073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2017
—
Grand Prix De Santa Fe LLC
—
Deed
related
$4,000,000 · New Mexico Bk
Jul 18, 2016
—
Grand Prix De Santa Fe LLC
—
Deed
related
$2,780,000 · New Mexico Bk
Jun 19, 2015
—
Grand Prix De Santa Fe LLC
Equicenter Santa Fe LLC
Grant Deed
$2,000,000 · New Mexico Bk
Jan 14, 2015
—
Equicenter Santa Fe LLC
Los Alamos Natl Bk
Grant Deed
$1,312,500 · New Mexico Bk
Mar 31, 2010
$2,100,000
Los Alamos Natl Bk
Special Master Of Santa Fe Cnty
Trustees Deed
related
—
May 26, 2006
—
Santa Fe Horse Park LLC
—
Deed Of Trust
related
$5,000,000 · Comerica Bank
—
—
Santa Fe Horse Park LLC
—
Deed Of Trust
related
$2,250,000 · Los Alamos National Bank
—
—
Equicenter Santa Fe LLC
—
Deed Of Trust
related
$1,312,500 · New Mexico Bk
—
—
Grand Prix De Santa Fe LLC
—
Loan Modification
related
$2,780,000 · New Mexico Bk
—
—
Grand Prix De Santa Fe LLC
—
Deed Of Trust
related
$4,000,000 · New Mexico Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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