# 7510 Mallard Way, Santa Fe, NM 87505

> **TL;DR:** residential multi family, $2,275,000 ($207/sqft), built 2008, 10,969 sqft. Est. $9,858/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,275,000 |
| Price/sqft | $207 |
| Square Feet | 10,969 |
| Year Built | 2008 |
| Lot Size | 33,977 sqft (0.78 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,858 |
| **Total** | **$9,858** |

## Property Highlights

- Built in 2008
- 0.78 acre lot
- 23 parking spaces

## Description

### Agent Description
SINGLE-TENANT TRIPLE NET INDUSTRIAL INVESTMENT 8.51% Cap Rate | $193,440 First-Year NOI | 10,969 SF+/- | I-1 Zoning. Fully occupied, income-producing flex industrial building offered as a Triple Net (NNN) investment. Tenant pays all real property taxes, insurance, maintenance, utilities, and operating expenses directly. Landlord receives $16,000 per month Base Rent free and clear with annual escalations of the greater of 3% or CPI-U - a guaranteed inflation hedge built into the lease. The property is a high-specification flex industrial building remodeled circa 2019 on a 0.781-acre fully fenced lot. Four suites (Units A-D), each with private office, private restroom, warehouse space with high ceilings, 8'*8' roll-up door, and security shutters - all currently interconnected and occupied by a single tenant. Heavy infrastructure includes 3-phase electrical service at 1,600 amps, city water and sewer, natural gas, HVAC with climate and humidity control, floor drains, and uni-strut ceilings. 23 paved parking spaces. Lease personally guaranteed for the full initial term. Annual rent escalations. Tenant has Right of First Refusal on sale.

## Location

- **Address:** 7510 Mallard Way, Santa Fe, NM 87505
- **County:** Santa Fe
- **Coordinates:** 35.63535397, -106.0668046
- **Google Maps:** https://www.google.com/maps?q=35.63535397,-106.0668046

## Listing Agent

- **Name:** Tai Bixby
- **Brokerage:** Real Estate Advisors, LLC
- **Phone:** 5055773524
- **Email:** tai@tba.team

## Primary Photo

![7510 Mallard Way - Primary Photo](http://lh.rdcpix.com/b6b11856881fc37a7cd9e00bab2e31abl-f3344451581r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/7510-mallard-way-santa-fe-nm-87505-02601680)*

---

**MLS#:** 202601680 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/7510-mallard-way-santa-fe-nm-87505-02601680)

---

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