Freestanding Retail
For Sale
$600,000
8710 E Colfax Ave, Denver, CO 80220
Commercial Sale, Denver, CO
Property Size3,821 SF
Lot Size0.14 Acres
Price / SF$157.03
Days on Market140
Property Features for 8710 E Colfax Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
East
High school district
Denver County 1
Directions
From Colfax and Monaco, head east on Colfax Ave, turn right onto Xanthia St, and parking will be available behind the store. There is signage for The Word.
Standard status
Active
APN
6041-02-002
Size
3,821 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17700
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1950
Flooring type
Tile, Linoleum, Carpet
Roof type
Asphalt
Listing Agency:
Dolby Haas
(720) 515-1802
Listed By:
Grant Dolby
(303) 947-5124
Added: Apr 29
Changed: Sep 12
Last Checked: Sep 15 at 1:06PM
MLS# 11737067
Copyright © 2026 My State MLS. 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.
This freestanding retail property includes a 3,821-square-foot building on a 6,250-square-foot lot. The interior has retail areas, upper-level space, utility areas, two bathrooms, and a mix of tile, linoleum, and carpet flooring. Natural-gas heating, an asphalt roof, and public water service are in place. Built in 1950, the property is currently occupied by a bookstore with more than 20 years of retail history.
Located at 8710 E Colfax Ave in Denver, the property fronts the East Colfax corridor and is described as highly walkable, with nearby residential neighborhoods. E-MS-5 zoning is identified as supporting retail, restaurant, cafe, office, and studio uses, along with redevelopment potential up to 5 stories. The East Colfax Avenue Bus Rapid Transit Project is also identified as an upcoming transit improvement affecting the corridor.
Located at 8710 E Colfax Ave in Denver, the property fronts the East Colfax corridor and is described as highly walkable, with nearby residential neighborhoods. E-MS-5 zoning is identified as supporting retail, restaurant, cafe, office, and studio uses, along with redevelopment potential up to 5 stories. The East Colfax Avenue Bus Rapid Transit Project is also identified as an upcoming transit improvement affecting the corridor.
Key Highlights
- 3,821‑square‑foot freestanding retail building on a 6,250‑square‑foot lot
- E‑MS‑5 zoning supports retail, restaurant, cafe, office, and studio uses
- Current bookstore occupant with more than 20 years of retail history
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,046,100
$1.0M
Cap Rate 7%
$747,214
$747.2K
Cap Rate 9%
$581,167
$581.2K
Market Conditions
NOI Build-Up for 3,821 SF
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.
Gross rent
$78.4K $20.52/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$74.7K $19.56/SF
− OpEx
−$22.4K −$5.87/SF
NOI
$52.3K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,046,100
Cap Rate 7%
$747,214
Cap Rate 9%
$581,167
Alternative Uses
Best Use
Retail
$747.2K
$653.8K – $871.8K
NOI $52,305 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,145 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 27%
Electronics 2%
Conoco
Shops & Services
13,028 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,725 visits/mo
0.5 miles
Starbucks
Dining
9,633 visits/mo
0.5 miles
AutoZone
Shops & Services
6,911 visits/mo
0.1 miles
Wells Fargo
Shops & Services
6,806 visits/mo
0.3 miles
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - E-MS-5 zoning supports retail, restaurant, cafe, office, and studio uses.
Where is this retail space located?
The property is located at 8710 E Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,821‑square‑foot freestanding retail building on a 6,250‑square‑foot lot; E‑MS‑5 zoning supports retail, restaurant, cafe, office, and studio uses; Current bookstore occupant with more than 20 years of retail history
