Character-Rich Office
For Sale
$895,000
144 Park Avenue, Santa Fe, NM 87501
Single-level office property with private parking, accessible design, a full kitchen, and a courtyard-connected conference room.
Property Size2,452 SF
Price / SF$365.01
Days on Market9
Property Features for 144 Park Avenue
General Information
Standard status
Active
Size
2,452 SF
Total Parking Spaces
10
Property subtype
Office
Amenities
full kitchen
conference room
private courtyard
shaded portal
kiva fireplace
wheelchair-accessible
Parking.
Paved Driveway, Lot.
Building Details
Year Built
1922
Buildings
1
Stories
1
Listing Agency:
Sotheby's Int. RE/Grant
(505) 660-8600
Listed By:
Neil Lyon · License #14244
(505) 660-8600
Source:
Xome
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 4 at 4:22AM
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/Grant
Investment Insights
Based on property information with market context.
Built in 1922, this 2,452-square-foot office building occupies a single level and includes four private offices, two half baths, a full kitchen, and 10 private off-street parking spaces. The wheelchair-accessible layout incorporates plaster walls, rounded corners, vigas, and a kiva fireplace. A substantial conference room provides high ceilings, more than 30 feet of length, and direct entry to an enclosed courtyard and shaded portal.
The property is located in the Business-Capitol District at 144 Park Avenue in Santa Fe, minutes from the Plaza and near restaurants, hotels, shopping, and established businesses along Guadalupe Street. The existing configuration is suited to small professional operations, including law, real estate, accounting, design, and consulting firms. The conference room may also support presentations, gatherings, or events, while the layout offers the possibility of creating additional offices without eliminating the meeting area.
The property is located in the Business-Capitol District at 144 Park Avenue in Santa Fe, minutes from the Plaza and near restaurants, hotels, shopping, and established businesses along Guadalupe Street. The existing configuration is suited to small professional operations, including law, real estate, accounting, design, and consulting firms. The conference room may also support presentations, gatherings, or events, while the layout offers the possibility of creating additional offices without eliminating the meeting area.
Key Highlights
- 2,452‑square‑foot office building constructed in 1922
- Four private offices, two half baths, and a full kitchen
- 10 private off‑street parking spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $21.60 |
| − Vacancy | −$7.9k | −$3.24 |
| EGI | $45.0k | $18.36 |
| − OpEx | −$11.3k | −$4.59 |
| NOI | $33.8k | $13.77 |
2,452 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$482.3K
$422.1K – $562.7K
NOI $33,764 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.8K
$582.6K – $776.8K
NOI $46,608 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,993
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-level office property with private parking, accessible design, a full kitchen, and a courtyard-connected conference room.
Where is this office building located?
The property is located at 144 Park Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,452‑square‑foot office building constructed in 1922; Four private offices, two half baths, and a full kitchen; 10 private off‑street parking spaces
