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Unit A, 1482 S Saint Francis Dr 1482 S Saint Francis Dr 2,666 SF Vacant Office Building Santa Fe, NM 87505 $449,000 ($168.42/SF) 8.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Convenient location
- Ample off-street parking
- Each unit has lobby space in entranceway.
- Reasonable association fees
- Seller financing offered
- Well located in St. Francis Professional Center complex
EXECUTIVE SUMMARY
Excellent opportunity to purchase flexible office space in St. Francis Professional Center. Well located in the complex, the space is currently configured as two separate suites but can easily be reconfigured into a single office suite. Good layout for wellness practitioners or professional offices (legal, accounting, etc). Larger suite has offices on two floors, kitchenette, and large multi-use space for storage, open concept workspace, etc. Each unit has lobby space in entranceway. Ample off-street parking, very reasonable association fees and a convenient central location make this a very desirable property.
RECENT UPDATES: New flooring being installed, stucco & roof have been repaired.
RECENT UPDATES: New flooring being installed, stucco & roof have been repaired.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$55,200
|
$20.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,200
|
$20.71
|
| Taxes |
$4,316
|
$1.62
|
| Operating Expenses |
$13,100
|
$4.91
|
| Total Expenses |
$17,416
|
$6.53
|
| Net Operating Income |
$37,784
|
$14.17
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $20.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $20.71 |
| Taxes | |
|---|---|
| Annual | $4,316 |
| Annual Per SF | $1.62 |
| Operating Expenses | |
|---|---|
| Annual | $13,100 |
| Annual Per SF | $4.91 |
| Total Expenses | |
|---|---|
| Annual | $17,416 |
| Annual Per SF | $6.53 |
| Net Operating Income | |
|---|---|
| Annual | $37,784 |
| Annual Per SF | $14.17 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
2,666 SF
Building Class
B
Year Built
1991
Price
$449,000
Price Per SF
$168.42
Cap Rate
8.40%
NOI
$37,716
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,333 SF
Building FAR
0.76
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-1 - Office and Related Commercial District
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 099309988 | Total Assessment | $104,251 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $4,316 ($1.62/SF) |
| Improvements Assessment | $104,251 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
099309988
Land Assessment
$0 (2024)
Improvements Assessment
$104,251 (2024)
Total Assessment
$104,251 (2024)
Annual Taxes
$4,316 ($1.62/SF)
Tax Year
2025
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Unit A, 1482 S Saint Francis Dr | 1482 S Saint Francis Dr
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