2891 Cooks RdSanta Fe, NM 87507

Property Details for 2891 Cooks Rd

Lot size

0.40 AC

Property size (Sq ft)

8,100 SF

Property type

Office properties

APN

18600418

APU

18600418

Description

This exceptional 8,100 square-foot mixed-use industrial building sits on a 0.4-acre lot in Santa Fe's Cook Industrial Subdivision, conveniently located in the Siler Road industrial corridor. The two-story steel structure features a ground floor with spacious workshops, offices, and ample storage. Upstairs, you'll find additional offices boasting stunning mountain views. Recently remodeled, the building boasts significant upgrades including a new fire sprinkler system, secure roll-up doors, efficient mini-split HVAC units, an air exchanger, and attractive Santa Fe-style front offices. A high-end security/camera system is available for separate purchase. The property benefits from heavy power (3Ph 480V 400A electrical service), NM Gas Company service, and city water/sewer. Zoned I-2, this versatile property allows for a wide range of uses, including office, industrial, manufacturing, automotive, contractor, trades, self-storage, construction materials, vehicle/fleet parking, food service, residential, religious, and educational purposes. Currently offered for lease at $10,000 per month with a 5-year minimum term, a 3% annual escalation clause, and modified gross rent adjustments for tax and insurance increases. The lease includes personal guarantees from principals and is contingent upon financial and credit review of the tenant and guarantors. All uses must comply with federal and state law. The owner intends to sell the building as an investment-grade asset once a lease is in place. The property includes its own driveway entrance, and is situated near Dahl Plumbing and the former Nambe foundry.

• CAP approach

  CAP return

  Valuation

  6%

  $1,160,102

  6.5%

  $1,070,864

  7%

  $994,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $689,790

  Geo Method

  $669,222

• Alternative Use

  Use

  Valuation

  Residential

  $1,327,871

  Hospitality

  $1,216,323

  Educational

  $1,011,966

  Medical

  $1,046,769

  Retail

  $1,574,170

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6632

Longitude

-105.994

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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