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Office Suite with Elevator Access

142 W Palace Avenue #Third Floor, Santa Fe, NM 87501

For Lease
$15 SF/Yr

A multi-office professional workspace includes open work areas, private restrooms, and dedicated off-site parking.

Space Size3,123 SF
Days on Market116

Property Features for 142 W Palace Avenue #Third Floor

General Information

Standard status Active
Size 3,123 SF
Net Rentable 3,123 SF
Total Parking Spaces 10
Elevators Yes
Zoning BCD
Lease Type Modified Gross

Space & Availability

Available Space 3,123 SF
Contiguous Space 3,123 SF
Floor 3
Space Use Office
Private Offices 9

Lease Terms

Lease Rate $15 /SF/YR
Monthly Rent $3,903
Rent per SF/Year $15

Amenities

in-suite restrooms
exceptional views

Building Details

Building Size 3,123 SF
Year Built 1955
Listing Agency: Sotheby's Int. RE - Railyard
Listed By: Cozette E. Hansen · License NM #49928
Source: Goldenshieldsrealty
Added: Jul 18 Changed: Nov 8 Last Checked: Nov 9 at 9:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sotheby's Int. RE - Railyard

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Investment Insights

Based on property information with market context.

The third-floor office suite at 142 W Palace Avenue offers 3,123 square feet of workspace, including 9 private offices, open work areas, and in-suite restrooms. Elevator access connects the suite to Palace Avenue, and the building dates to 1955. The property is zoned BCD.

The building is in downtown Santa Fe near the Plaza. Views extend across downtown and toward the Sangre de Cristo Mountains. Approximately 10 dedicated parking spaces are available off-site.

Key Highlights

  • 3,123‑square‑foot third‑floor office suite
  • 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 Grocery & Convenience Store 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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

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

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 - A multi-office professional workspace includes open work areas, private restrooms, and dedicated off-site parking.
Where is this office unit located?
The property is located at 142 W Palace Avenue #Third Floor 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: 3,123‑square‑foot third‑floor office suite; 9 private offices plus open work areas; Elevator access from Palace Avenue
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