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3695 Cerrillos Rd
Santa Fe, NM 87507 Southwest Santa Fe

$6,500,000 USD

Hotel For Sale  •  32,484 SF

Property Details

• Property Type Hotel
• Total Building Size 32,484 SF
• Lot Size 2.75 AC
• Building Class C
• Year Built 1985
• Cap Rate 9.00 %
• Zoning C-2

30 Transit Score

50 Walk Score

Highlights

RevPAR and occupancy ~25% below compset — significant value-add upside opportunity

Converted from GreenTree Inn in 2023 with new paint, furniture, and guestroom upgrades

Located just 10 minutes from Historic Downtown Santa Fe and top cultural attractions

Proximity to LANL — a $5B annual economic engine driving government lodging demand

Diverse demand from tourism, government, cultural events, and year-round visitation

Located along Cerrillos Rd, Santa Fe's #1 retail corridor with ±51,100 VPD

Cap Rate:

9.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Kishankumar B Poshiya

Amenities

• Pool
• High Speed Internet Access
• Patio
• Public Access Wifi

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	3.9 mi
	10 min	-	4.5 mi
Airport	Drive	Walk	Distance
Santa Fe Regional	11 min	-	5.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	138
Type:	Surface
Included in Rent:	Yes