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1226 Flagman Way 1226 Flagman Way 5,182 SF Office Building Santa Fe, NM 87505 $1,520,000 ($293.32/SF)
Investment Highlights
- Active ground lease
- Walking distance to nearby attractions
Executive Summary
Rare contemporary cargotecture in the heart of the Santa Fe Railyard – Baca District. 1226 Flagman Way is a 5,182± SF two-story commercial building constructed from steel intermodal shipping containers and comprehensively expanded and renovated between 2022 and 2025. The property features an interior elevator, three separate electric meters allowing operation as one, two, or three independent units, a self-contained studio apartment with dedicated HVAC, three full restrooms plus a ¾ bath, two cisterns, and updated fire and security systems. Located within walking distance of SITE Santa Fe, the Santa Fe Farmers Market, Violet Crown Cinema, Second Street Brewery, El Museo Cultural, and the Rail Runner station, the property offers a unique opportunity for a gallery, creative office, design studio, live-work user, boutique commercial operation, or owner-occupant seeking a signature address in Santa Fe’s most dynamic district. The offering consists of the leasehold interest together with ownership of all improvements. The ground lease commenced February 1, 2008 with an initial 50-year term plus four 10-year extension options, providing a potential lease horizon through 2098. Asking Price: $1,520,000. Ground rent $3538/mo.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
5,182 SF
Building Class
B
Year Built
2010
Price
$1,520,000
Price Per SF
$293.32
Building Height
2 Stories
Typical Floor Size
2,591 SF
Building FAR
0.34
Lot Size
0.35 AC
Zoning
BCD-RED - Business Capital District Redevelopment Subdistrict - Santa Fe Railyard Baca District
Amenities
- Signage
- Air Conditioning
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 910021272 | Improvements Assessment | $773,945 |
| Land Assessment | $0 | Total Assessment | $773,945 |
Property Taxes
Parcel Number
910021272
Land Assessment
$0
Improvements Assessment
$773,945
Total Assessment
$773,945
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Photos
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Street
Map
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Contact the Sale Advisor
1226 Flagman Way | 1226 Flagman Way