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    135 300 Santa Fe, NM 87501

    Picture of Retail space at 300 135, Santa Fe, NM
    For Lease
    Contact for pricing

    COMMERCIAL - Santa Fe, NM

    Type:Retail
    Property size:
    21,561 SF
    Lot size:
    0.26 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 135 300

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    BCD
    APN
    10473600
    Parking features
    On Street
    Accessibility
    Accessible Approach with Ramp
    Size
    21,561 SF
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1988
    Flooring type
    Concrete
    Building materials
    Frame, MetalSiding, Concrete
    Roof type
    Flat

    Shepler Commercial, LLC (505) 982-7600

    Listing agent John Shepler (505) 660-5650 License #8936

    Listing date Sep 30, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Santa Fe Retail/Restaurant Space

    The Palace Court Building, constructed in 1988, is located at 135 W. Palace Avenue. The property is situated next to the Georgia O'Keeffe Museum, currently under construction. Historically, the building has accommodated galleries and other retailers on its first and second floors, while the third floor has been used for restaurants and nightclubs. The building occupies a highly visible corner location at the intersection of Palace and Grant Avenues, a few blocks west of the Santa Fe Plaza. One ground floor suite of 3631 square feet, currently occupied by the Zanadu Gallery, will become available in Spring 2025. On the second level, there are three suites available, measuring 1389, 1314, and 720 square feet. The third floor, comprising 5,130 square feet of interior space and 1,075 square feet of balcony space overlooking Palace and Grant Avenues, was most recently used as a restaurant and corporate office headquarters for a national restaurant chain. This floor has also functioned as a nightclub. The building includes both a passenger and a freight elevator to service the upper floors. The lot size is 0.26 acres. The property's total size is 21,561 square feet and is zoned BCD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9402915
    Latitude
    35.6885122

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    FAQs

    What type of property is this?
    Retail space - Highly visible corner location suitable for retail, restaurant, or nightclub.
    Where is this retail space located?
    The property is located at 135 300 Santa Fe, NM.
    What are key features of this property?
    This property features: - Highly visible corner location at Palace and Grant Avenues, near the Santa Fe Plaza.; - Next door to the new $75M Georgia O'Keeffe Museum.; - The third floor includes **5,130 sq ft of interior space and 1,075 sq ft balcony with views.**
    (505) 660-5650
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    135 300 Santa Fe, NM 87501
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    Santa Fe, NM 87501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135 300 Santa Fe, NM 87501
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