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Office Units with Garage Parking

119 E Marcy Street, Santa Fe, NM 87501

For Lease
$23 SF/Yr NNN

CommercialLease, Santa Fe, NM

Space Size1,415 SF - 2,468 SF
Lot Size0.30 Acres
Days on Market812

Property Features for 119 E Marcy Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning BCD
Standard status Active
APN 018400315
Size 2,869 SF
Lot size 0.30 Acres

Utilities

Water source Public

Amenities

on-site parking garage

Building Details

Year built 1987
Listing Agency: Oberstein Properties, Inc.
Listed By: David Oberstein · License NM #15694
Added: Aug 21, 2024 Changed: Oct 17 Last Checked: Nov 10 at 6:06PM
MLS# 202403535

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.

Rey
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Investment Insights

Based on property information with market context.

Office units are available at 119 E Marcy Street in downtown Santa Fe, with access from Marcy Street and parking in an on-site garage. The property was built in 1987, carries BCD zoning, and is served by public water.

Suite 201 contains 2,468 square feet with five offices, a conference room, kitchenette, server area, and storage. Suite 203 provides 1,415 square feet with three offices, a conference room, wet bar, and server/storage closet. Leasehold improvements are negotiable for both suites, and each offering is structured on a NNN basis.

Key Highlights

  • Suite 201: 2,468 square feet with five offices and a conference room
  • Suite 203: 1,415 square feet with three offices and a conference room
  • Six monthly unreserved garage spaces included with Suite 201

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Rodey Law Firm Law Firm Steven W. Johnson, ... Accounting Firm ultiSkin Medical Clinic Dr. David Heard Physician Dr. Blake White Physician

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Butcher

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,100
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF/Yr for Office Units in Santa Fe, NM

$23.16 Jul
$23.43 Aug
$22.69 Sep
$22.02 Oct

Properties on Market for Office Units in Santa Fe

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Downtown office suites offer private work areas, meeting rooms, support spaces, and NNN lease structures.
Where is this office unit located?
The property is located at 119 E Marcy Street Santa Fe, NM.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Suite 201: 2,468 square feet with five offices and a conference room; Suite 203: 1,415 square feet with three offices and a conference room; Six monthly unreserved garage spaces included with Suite 201
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