Cindy Sheff
505.470.6114
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…
MLS: 202503491
List Date: 09-15-2025
Status: Active
Area: Southwest City, South
Type: Office
Cindy Sheff
505.470.6114
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!
Days on Market:23
Property Type:Commercial Building
Property Sub Type:Office
Security Features:Surveillance System
Subdivision:Lofts at Cerrillos
Zoning:C-2
John Shepler
Shepler Commercial, LLC