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    919 Alameda St Santa Fe, NM 87501-1681
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    Property profile & analytics

    919 Alameda St Santa Fe, NM 87501-1681

    View on Map
    • Strip malls
    • 4,846 SF
    Off-Market
    Property ID
    US61-0260747
    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.
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pho Kim / Restaurant

    Property Details for 919 Alameda St

    Property size
    4,846 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    910014163
    APU
    910014163

    Description

    This exceptional business opportunity is located at 919 W Alameda St, Santa Fe, NM 87501, a vibrant area just minutes from the bustling downtown. Priced at $224,000, this established business offers a unique blend of shopping and leisure activities, catering to a clientele in a high-demand area. The property's strategic location within Santa Fe County ensures high visibility and accessibility, attracting both local residents and tourists. The surrounding area features million-dollar homes, creating an upscale atmosphere that enhances the business's appeal and potential for growth. Ample parking and inviting outdoor seating areas further contribute to a positive customer experience. This turnkey operation presents a rare chance to acquire a well-established business in a desirable location with significant growth potential. The property is situated in a lively community, offering a strong foundation for continued success. This is an ideal investment for entrepreneurs seeking a profitable venture in a thriving market. The business is categorized as "Business Only," offering a focused and streamlined operation. Detailed financial information is available upon request. This is a remarkable opportunity to own a successful business in the heart of Santa Fe.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,150,000
      OFFICE BUILDING
      $1,105,000
      MEDICAL BUILDING
      $495,000
      AUTO REPAIR, GARAGE
      $440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.959
    Latitude
    35.6892
    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
    $4,512
    $0.00
    $140,311
    $140,311
    -
    $0.00
    $420,936
    $420,936

    Comparable in this City

    • Value Estimation by Request
      1.03 Acres

      328 Guadalupe St

      SHOPPING CENTER, STRIP CENTER • 1.03 Acres
      328 Guadalupe St, Santa Fe, NM 87501-2682
      View Details
    • Value Estimation by Request
      984 SF

      903 Alameda St

      SHOPPING CENTER, STRIP CENTER • 984 SF
      903 Alameda St, Santa Fe, NM 87501-1681
      View Details
    • Value Estimation
      $2,255,000
      16,515 SF

      321 San Francisco St

      SHOPPING CENTER, STRIP CENTER • 16,515 SF
      321 San Francisco St, Santa Fe, NM 87501-2183
      View Details
    • Value Estimation
      $3,980,000
      30,185 SF

      510 Guadalupe St

      SHOPPING CENTER, STRIP CENTER • 30,185 SF
      510 Guadalupe St, Santa Fe, NM 87501-6510
      View Details
    • Value Estimation
      $775,000
      5,319 SF

      945 Alameda St

      SHOPPING CENTER, STRIP CENTER • 5,319 SF
      945 Alameda St, Santa Fe, NM 87501-1681
      View Details
    • Value Estimation
      $605,000
      3,736 SF

      947 Alameda St

      SHOPPING CENTER, STRIP CENTER • 3,736 SF
      947 Alameda St, Santa Fe, NM 87501-1681
      View Details

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    Similar Nearby for Lease

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      3,860 SF

      Santa Fe Retail/Office Space

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      View Details
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      Santa Fe Garden Level Suites

      Demisable garden level executive suites in Santa Fe available for lease.
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      294 SF

      Prime Santa Fe Location

      Exceptional property in the heart of historic Santa Fe, New Mexico.
      141 E Palace Ave, Santa Fe, NM 87501
      View Details
    • $4,065 /Mo
      3,400 SF

      Santa Fe Commercial Space Available

      3,400 SF commercial space in Santa Fe, NM for lease.
      150 S St Francis Dr, Santa Fe, NM 87501
      View Details
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    Santa Fe, NM 87501-1681
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    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
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