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About This Home
This 0-bedroom, 0-bathroom commercial at 3600 Cerrillos Road in Santa Fe, NM is listed for $261,000 ($196 per sqft). Built in 1995, the home offers 1,332 sqft of living space on a N/A lot.
The Lofts in Santa Fe has always been a desirable spot for the Live/Work model, if fact it was conceived for that purpose. As it has matured, the Cerrillos Lofts has a mix of Live/Work, residential, and commercial investment spaces. This ground floor unit has been investment real estate for the current owner.
It is currently occupied by four tenants, each of whom have their own office. Current NOI is roughly $12,263.00 plus utilities. Market info would suggest that each office should lease for about $600 per month, minimum.$28,800 - $10,537 (Taxes, Insurance , and HOA) in expenses with a 7% CAP rate yields approximately $261,000 The leases now are basic
ally on a month to month so a new owner could vacate the current tenants and use it for themselves, should they so desire. It is an end-cap Unit which is nice. The Cerrillos Lofts has ample parking throughout!
Key Features
- Built in 1995
Property Details
Monthly Cost Estimate
$1,396/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3600 Cerrillos Road
Santa Fe, NM 87507
Lofts at Cerrillos
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3600 Cerrillos Road is listed at $261,000 ($196/sqft). The estimated monthly payment is $1,131 based on 20% down at 6.5% interest.
Key features include: Built in 1995.
This property is listed by John Shepler and can be reached at 5056605650 or jshepler@sheplercommercial.com.
