- 5,984
- sqft
- 2009
- year built
- Status:
- Active
- MLS #:
- 202602825
- County:
- Santa Fe
- Listed By:
- Chris Webster - Sotheby's Int. RE/Grant
- Agent Phone:
- (505) 780-9500
- Agent Email:
- chris.webster@sothebyshomes.com
Sponsoring Broker: Edward Donovan, Continental Real Estate Group, Inc
Set in the Baca Street Railyard, the light-industrial creative pocket of Santa Fe, 1221 Flagman Way is a two-story metal building of 5,986 square feet, built in 2009 and configured for real, active use. City utilities and a full HVAC system are in place. Two three-quarter baths (each with a shower), a 1/2 bath, and dedicated office space support a working operation from day one. Zoning allows for commercial and/or residential use. The building earns its keep right now. The ground floor runs as a functional fitness center and gym; the upper floor houses a Jiu Jitsu studio and a chiropractic practice. The current occupants would like to stay, yet no long-term leases encumber the property. That is the opportunity here: step in as an owner-user and take the space for your own venture, or hold it as an income-producing asset with tenants already in place who want to remain, without inheriting locked-in obligations. The location does much of the work. Baca Street is a walkable, design-forward corner of Santa Fe, an eclectic mix of galleries, makers, cafes, glass studios, and independent businesses, connected by foot and bike along the Acequia Trail to the wider Railyard’s markets, museums, and restaurants. Property highlights / fast facts: 5,986 SF two-story metal building, built 2009, in the Baca Street Railyard, 4-unit building Currently income-producing: ground-floor fitness center/gym; upper-floor Jiu Jitsu studio and chiropractic practice Flexible occupancy: existing occupants want to stay, but no long-term leases bind a new owner Turnkey for owner-users or a ready-made investment/income play Two 3/4 baths (each with shower) and 1/2 bath Dedicated office space City utilities and full HVAC in place Leasehold: City ground lease with a significant term remaining and options to renew (not fee-simple)
Highlights
- Commercial Sale
- Mixed Use
- Built in 2009
- 117 days on Market
-
- Year Built
- 2009
-
- Utilities
- Electricity Available
-
- Water
- Public
-
- County
- Santa Fe
-
- City
- Santa Fe
-
- Zip Code
- 87505
-
Nearby Schools
-
53out of 100
-
53out of 100
-
52out of 100
-
100out of 100
-
53out of 100
-
71out of 100
-
64out of 100
-
50out of 100
-
54out of 100
-
64out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 07/14/2026 | Listed | $1,600,000 |
| Source: Santa Fe Association of REALTORS #202602825 | ||
Source: MLS Data
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There are currently 685 properties available in Santa Fe, with 1 under contract to close soon. Properties in the city have an average sale price of $959,562 and typically spend 88 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 1221 Flagman Way #B 1 B 4?
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How do I get more information about 1221 Flagman Way #B 1 B 4?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,600,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Santa Fe, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1221 Flagman Way #B 1 B 4?
With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1221 Flagman Way #B 1 B 4 at around $8,675. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 1221 Flagman Way #B 1 B 4?
In most cases, yes. Whether 1221 Flagman Way #B 1 B 4 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Santa Fe's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1221 Flagman Way #B 1 B 4?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $1,600,000 with 5,984 sqft of space—that comes out to approximately $267 per square foot.
How long has this property been on the market?
1221 Flagman Way #B 1 B 4 was listed on July 14, 2026, which means it's been on the market for 117 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 2009, making it approximately 17 years old.
Is 1221 Flagman Way #B 1 B 4 still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Last Updated: November 08, 2026 at 09:10AM | Source: Santa Fe Association of REALTORS | MLS#: 202602825