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    142 W Palace Ave Santa Fe, NM 87501

    For Lease
    $18 SF/Yr

    COMMERCIAL - Santa Fe, NM

    Type:Office
    Property size:
    17,301 SF
    Lot size:
    0.05 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 9 at 3:06 am

    Property Features for 142 W Palace Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    BCD
    APN
    910019702
    Parking features
    On Street, Parking Lot, Garage
    Accessibility
    Accessible Approach with Ramp
    Size
    17,301 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Flooring type
    Vinyl, Carpet, Laminate

    Barker Realty LLC (505) 982-9836 [email protected]

    Listing agent Cozette E. Hansen (505) 399-0538 License #49928

    Listing date Oct 29, 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

    Downtown Santa Fe Office Space

    Located in the heart of Downtown Santa Fe Plaza, this three-story building offers views of the downtown area. The property is situated moments from galleries, including the Georgia O'Keeffe Museum, fine dining, premier retail, government buildings, and the Santa Fe Convention Center. Direct street access on Palace Ave provides ADA accessibility. The first floor offers approximately 4,060 square feet, including 12 offices, open work areas, and in-suite restrooms. The second floor, accessible by both elevator and stairs, spans approximately 8,197 square feet and includes 18 offices, a conference room, an oversized meeting/training area, a large kitchenette, in-suite restrooms with stalls, and downtown views. The third floor, approximately 3,123 square feet, serves as the executive suite, complete with an in-suite kitchenette, private shower, and built-in cabinetry. This level includes 9 private offices and open work areas, with views of the Plaza and the Sangre de Cristo Mountains. Additional basement storage provides approximately 1,921 square feet. The property offers 42 off-site parking spaces. The property is zoned BCD and is located near Dona Tules's Gambling Hall. The lot size is 0.05 acres and the property size is 17301 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palace Prime American Restaurant Commissioner Theresa Becenti-Aguilar State Government Office New Mexico Public ... State Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.940601
    Latitude
    35.688092

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    FAQs

    What type of property is this?
    Office building - Three-story office building with parking in the heart of Santa Fe.
    Where is this office building located?
    The property is located at 142 W Palace Ave Santa Fe, NM.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Santa Fe Plaza location with direct street access.; - Substantial square footage (approx. 15,380/sf across three floors) offering versatile office spaces.; - Rare amenity of 42 off-site parking spaces in the downtown core.
    (505) 399-0538
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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
    142 W Palace Ave Santa Fe, NM 87501
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