1233 Paseo De PeraltaSanta Fe, NM 87505

Property Details for 1233 Paseo De Peralta

Lot size

0.23 AC

Property size (Sq ft)

680 SF

Property type

Office properties

APN

910007969

APU

910007969

Description

This exceptional 3,780 square foot commercial space is ideally situated in the heart of historic Santa Fe's vibrant downtown area. Boasting a highly visible location on Paseo de Peralta, directly across from the iconic Round House State Capitol building, this property offers unparalleled exposure and accessibility. The building itself is a beautifully restored historic brick structure, featuring charming wood floors, exquisite architectural millwork, and numerous period details that create a unique and inviting atmosphere. The space is currently configured as a single-tenant occupancy, perfect for a variety of businesses. The $24 per square foot base rent is complemented by a $6 per square foot NNN charge, resulting in a total monthly cost of $9,450. Ample on-site parking is provided with a paved lot accommodating 12 vehicles. The Business Capitol District (BCD) zoning allows for a wide range of uses, including office space (both traditional and creative), retail establishments, professional offices, art galleries, residential units, educational facilities, and religious institutions. This versatile property presents a rare opportunity to establish a presence in one of Santa Fe's most desirable and sought-after locations, benefiting from proximity to government buildings, courts, shopping, dining, and a wealth of other amenities. The combination of historical charm, modern convenience, and flexible zoning makes this an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $97,391

  6.5%

  $89,900

  7%

  $83,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,908

  Geo Method

  $56,182

• Alternative Use

  Use

  Valuation

  Residential

  $111,476

  Hospitality

  $102,111

  Educational

  $84,955

  Medical

  $87,877

  Retail

  $132,153

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6811

Longitude

-105.94

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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