1323 Paseo De PeraltaSanta Fe, NM 87501

Property Details for 1323 Paseo De Peralta

Property size (Sq ft)

209 SF

Property type

Office properties

APN

12674432

APU

12674432

Description

This exceptional 2,748 square foot office building, constructed in 1930, is ideally situated in the heart of Santa Fe, New Mexico, at 1323 Paseo De Peralta. Across from the State Capitol and near the vibrant Santa Fe Plaza and Railyard District, this property boasts excellent visibility and accessibility. The building features a desirable C-1 zoning designation, permitting a wide range of uses including office, residential, medical, educational, and religious purposes. The property includes 12 parking spaces, a significant advantage in this desirable location. The interior showcases the charm of Santa Fe architecture with hardwood floors and traditional vigas. The layout includes multiple offices and conference rooms, well-suited for a variety of professional uses. Currently leased to an office tenant until May 31, 2025, this presents a strong investment opportunity with a stable income stream. The asking price is $1,250,000, translating to $454.88 per square foot. This single-story building offers a unique blend of historical character and modern functionality in a prime Santa Fe location. The gross lease structure simplifies ownership and management.

• CAP approach

  CAP return

  Valuation

  6%

  $29,934

  6.5%

  $27,631

  7%

  $25,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,798

  Geo Method

  $17,268

• Alternative Use

  Use

  Valuation

  Residential

  $34,262

  Hospitality

  $31,384

  Educational

  $26,111

  Medical

  $27,009

  Retail

  $40,617

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6815

Longitude

-105.942

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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