Mixed-Use Office and Fitness
1000 E 16th Avenue Denver, CO 80218
1000 E 16th Avenue, Denver, CO, 80218
$2,350,000
For Sale
$2,350,000
Architecturally distinctive mixed-use building with updated office space, a top-floor residence, and a dedicated fitness center.
Property Size10,898 SF
Price / SF$215.64
Days on Market433
Property Features for 1000 E 16th Avenue
General Information
- Standard status
- Active
- Size
- 10,898 SF
- Property subtype
- Office
Building Details
- Year Built
- 1934
Listing agency
Unique Properties LLC
(303) 321-5888
Listed by
Marc S Lippitt · License #ER.000183921
(303) 321-5888
Source
Xome
Added: May 16, 2025 Updated: Jul 21 at 4:52PM Checked: Jul 22 at 3:48AM
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 Unique Properties LLC
Investment Insights
Based on property information with market context.
This architecturally distinctive mixed-use property includes approximately 9,428 square feet of updated office space with 11 private offices, multiple open work areas, two conference rooms, a break room, and reception. The building also features a 1,470 square foot top-floor one-bedroom residence with kitchen, dining, living area, and a private patio. A dedicated lower-level fitness center provides fully equipped gym space.
The property includes ADA-compliant rear access and rear surface parking accommodating 13–14 spaces (tandem). It is identified as being zoned G-RO-3, which may support redevelopment or reconfiguration options under Denver’s urban residential-office zoning.
The office portion is designed for professional use and includes both private offices and shared collaboration space, complemented by conference rooms and common reception support. An onsite residence and fitness component round out the building’s live-work and workplace configuration.
The property includes ADA-compliant rear access and rear surface parking accommodating 13–14 spaces (tandem). It is identified as being zoned G-RO-3, which may support redevelopment or reconfiguration options under Denver’s urban residential-office zoning.
The office portion is designed for professional use and includes both private offices and shared collaboration space, complemented by conference rooms and common reception support. An onsite residence and fitness component round out the building’s live-work and workplace configuration.
Key Highlights
- Mixed‑use building with approx. 10,898 SF: 9,428 SF updated office, 1,470 SF top‑floor 1‑bedroom residence, and dedicated lower‑level fitness center.
- Office features 11 private offices, multiple open office areas, 2 conference rooms, break room, reception, and ADA‑compliant rear access.
- Top‑floor residence includes kitchen, dining, living area, and a private patio (1‑bedroom, 1,470 SF).
Local 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 | $287.7k | $26.40 |
| − Vacancy | −$74.8k | −$6.86 |
| EGI | $212.9k | $19.54 |
| − OpEx | −$53.2k | −$4.88 |
| NOI | $159.7k | $14.65 |
10,898 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.28M
$2.00M – $2.66M
NOI $159,677 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$2.19M
$1.92M – $2.56M
NOI $153,498 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $242,846 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tiemeier & Stich P.C.
Law Firm
Law Office of Stephen ...
Law Firm
Great Education Colorado
Charitable Organization
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FAQs
What type of property is this?
Live-work space - Architecturally distinctive mixed-use building with updated office space, a top-floor residence, and a dedicated fitness center.
Where is this live-work space located?
The property is located at 1000 E 16th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Mixed‑use building with approx. 10,898 SF: 9,428 SF updated office, 1,470 SF top‑floor 1‑bedroom residence, and dedicated lower‑level fitness center.; Office features 11 private offices, multiple open office areas, 2 conference rooms, break room, reception, and ADA‑compliant rear access.; Top‑floor residence includes kitchen, dining, living area, and a private patio (1‑bedroom, 1,470 SF).
