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Third-Floor Office Suite
For Lease
$15 SF/Yr Modified Gross

142 W Palace Avenue, Santa Fe, NM 87501

CommercialLease, Santa Fe, NM

Space Size3,123 SF
Lot Size0.05 Acres
Days on Market43

Property Features for 142 W Palace Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning BCD
Parking features Parking Lot, Garage, On Street
Accessibility Accessible Approach with Ramp
Directions Head west on Exit 282B 0.4 mi, Merge onto US-84 W/S St Francis Dr/US Hwy 285 N, 2.7 mi, Turn right onto Cerrillos Rd 0.6 mi, Continue onto Sandoval St, 0.5 mi, Continue onto W Palace Ave, Destination will be on the right, 112 ft arrive at 142 W Palace Ave.
Standard status Active
APN 910019702
Size 3,123 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Description COMA AREA T17N R 9E S24 BURRO ALLEY PLAZA-BOKUM BLDG RDR-AREA A
Legal Description COMA AREA T17N R 9E S24 BURRO ALLEY PLAZA-BOKUM BLDG RDR-AREA A

Utilities

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

Amenities

in-suite restrooms

Building Details

Year built 1955
Flooring type Vinyl, Laminate, Carpet
Listing Agency: Barker Realty, LLC
Listed By: Cozette E. Hansen · License #49928
Added: Jul 18 Changed: Aug 19 Last Checked: Aug 29 at 12:06PM
MLS# 202603181

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

The third-floor office suite at the Bokum Building provides approximately 3,123 square feet of professional workspace. Its layout includes 9 private offices, open work areas, in-suite restrooms, and elevator access from Palace Avenue. Vinyl, laminate, and carpet flooring are complemented by forced-air heating and central air conditioning.

Located at 142 W Palace Avenue in Downtown Santa Fe, the property offers views of the downtown area and the Sangre de Cristo Mountains. Approximately 10 dedicated off-site parking spaces are available separately from the suite. Public water and sewer serve the building, with accessible approach and ramp features. The suite is offered under a Modified Gross lease structure.

Key Highlights

  • Approximately 3,123 square feet on the third floor
  • 9 private offices plus open work areas
  • Elevator access from Palace Avenue

Property Analytics

Current Use

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

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop HVAC Service (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

4,554
Businesses Nearby

Demographics for 87501, NM

15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Professional suite with private offices, open work areas, elevator access, and in-suite restrooms.
Where is this office units located?
The property is located at 142 W Palace Avenue Santa Fe, NM.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Approximately 3,123 square feet on the third floor; 9 private offices plus open work areas; Elevator access from Palace Avenue
More about this property
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