www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24914297
24914299

505 Cerrillos Rd, Santa Fe, NM 87501

LA
CO, NM
King Capital Commercial Real Estate
DF
NM 39271AB
King Capital Commercial Real Estate
Listed by King Capital Commercial Real Estate
$10,750,000
346 days on market
Updated 69 days ago

Luna Santa Fe

Details
APN 1054099066004CS0000
Property Type Retail, Office
Sub Type Restaurant, Storefront (+2)
Square Footage 25,029
Cap Rate 7.10%
NOI $732,645
Tenancy Multi
Lease Type NNN
Price per SqFt $430
Broker Co-Op Yes
Buildings 2
Stories 2
Acreage 1.160
Investment Type Net Lease

Rare Santa Fe Shopping Center For Sale

Marketing description

Luna is a premier mixed-use redevelopment located at the gateway to downtown Santa Fe—just two blocks from the city's vibrant core. Formerly a historic DeSoto Automobile dealership along Route 66, Luna has been thoughtfully transformed into a dynamic destination blending culinary, retail, office, and community experiences. With iconic architecture, curated landscaping, and rare downtown parking, Luna offers a truly unique investment opportunity in one of the nation's most culturally rich markets. 

Anchored by Radish & Rye, one of Santa Fe's most acclaimed restaurants, and CHOMP, a 6108 SF high-end food hall featuring top local chefs and Bottega del Vino wine bar, Luna stands as a landmark for both locals and visitors. CHOMP has become a culinary hub and event venue, garnering significant media and social attention since its 2021 debut 

Investment highlights

  • Property Type: Mixed-Use Redevelopment

  • Current Use: Hospitality, Retail, Office, and Personal Services

  • Land Size: Includes potential Phase II development above parking lot (~35,000 SF)

  • Parking: Available on-site – a rare amenity in downtown Santa Fe

  • Walkability Score: High – two blocks from key downtown attractions

  • Architectural & Landscape Design: Unique design centered around a courtyard with outdoor dining, fostering a sense of community and engagement

Listing Contacts

LA
CO, NM
King Capital Commercial Real Estate
DF
NM 39271AB
King Capital Commercial Real Estate
Listed by King Capital Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$732,645.00
$61,053.75/mo

Valuation Metrics

0
DSCR
6.82%
Cap Rate
6.82%
ROI

Map

Zoning

Intelligence Badge
BCDCER CommercialSpecial CommercialBusiness Capital District Cerrillos Road Subdistrict
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 134 uses
View all 134 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591