Description
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 basically 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!
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Listing information provided courtesy of the Santa Fe Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th April, 2026 11:26 PM (UTC)
Listing Agent: John Shepler
Listing Office: Shepler Commercial, LLC
Attribution contact: (505) 660-5650
