1892 Plaza Del Sur DrSanta Fe, NM 87505

  • Healthcare properties
  • 3,080 SF
For Sale
$645,000 View listing

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
1892 Plaza Del Sur Dr, Santa Fe, New Mexico

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,054
$34,834
$122,322
$157,156
-
$104,503
$366,968
$471,471

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