1892 Plaza Del Sur DrSanta Fe, NM 87505

Property Details for 1892 Plaza Del Sur Dr

Lot size

0.25 AC

Property size (Sq ft)

3,080 SF

Property type

Medical offices

Property subtype

Medical centers

APN

19207654

APU

19207654

Description

This exceptional mixed-use property, located at 1892 Plaza Del Sur Dr, Santa Fe, NM 87505, presents a unique investment opportunity. The 3,080 square foot building, constructed in 1995, sits on a 0.25-acre lot and boasts a desirable C-2 zoning. Currently configured as a medical office, the space is highly adaptable and suitable for various uses, including retail or traditional office space. The interior features a welcoming reception area, open workspace, private offices (many with windows and sinks), a dedicated receptionist room, and a secure walk-in bank vault. A private breakroom with outdoor access adds to the functionality. Ample parking is available on-site. The property benefits from its prime location in the St. Michaels Business District, within a designated Opportunity Zone, and just one building from St. Michaels Drive. Proximity to major shopping centers, restaurants, and essential services enhances its appeal. The existing tenant has a lease with approximately 1.5 years remaining. The asking price is $645,000, representing a price per square foot of $209.42. This single-story building offers a compelling blend of location, versatility, and potential for strong return on investment. Serious inquiries only. Do not disturb the tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $441,126

  6.5%

  $407,193

  7%

  $378,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,291

  Geo Method

  $254,470

• Alternative Use

  Use

  Valuation

  Residential

  $504,919

  Hospitality

  $462,503

  Educational

  $384,797

  Medical

  $398,031

  Retail

  $598,574

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6582

Longitude

-105.962

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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