1892 Plaza Del Sur DrSanta Fe, NM 87505
- Healthcare properties
- 3,080 SF
Property Details for 1892 Plaza Del Sur Dr
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 3,080 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].