Denver Mixed-Use Property For
For Sale
$2,650,000
1000 E 16th Avenue, Denver, CO 80218
Mixed-use property in Uptown Denver with office space and residence.
Property Size10,898 SF
Price / SF$243.16
Days on Market455
Property Features for 1000 E 16th Avenue
General Information
Standard status
Active
Size
10,898 SF
Taxes and HOA fees
Annual Taxes
$43,317
Building Details
Year Built
1934
Listing Agency:
UNIQUE PROPERTIES LLC
(303) 321-5888
Listed By:
MARC S LIPPITT · License #ER.000183921
Source:
Corcoran
Added: Jun 2, 2025
Changed: Mar 16
Last Checked: Aug 29 at 8:50AM
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.
Located in Denver's Uptown neighborhood, this mixed-use property offers approximately 10,898 square feet of functional space. The building includes 9,428 square feet of updated office space suitable for professional use, creative firms, medical practices, or a co-working concept. The office area features 11 private offices, multiple open office areas, 2 conference rooms, a break room, reception area, and ADA-compliant rear access. Additionally, there is a 1,470 square foot luxury top-floor residence with a kitchen, dining area, living area, and private patio, suitable for an owner-user, onsite manager, or premium rental income. A dedicated lower-level fitness center provides a fully equipped gym space. The property combines historical architecture with modern improvements. It is situated near the Colorado State Capitol, Denver Courthouses, and Downtown Denver, providing proximity to government offices, medical campuses, and major employers. The location offers walkable access to restaurants, coffee shops, retail options, and cultural hotspots in the Uptown and Capitol Hill neighborhoods. On-site rear surface parking accommodates 13 to 14 spaces. The property is zoned G-RO-3, offering redevelopment or reconfiguration options under Denver’s urban residential-office zoning.
Key Highlights
- Mixed‑use property with updated office space and a luxury top‑floor residence, ideal for owner‑user or rental income.
- Prime Uptown location near government offices, medical campuses, and downtown Denver, with walkable access to restaurants, shops, and cultural attractions.
- Ample on‑site parking with 13‑14 spaces, a rare and valuable amenity in the area.
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
$165,471
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
6.24%
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%
$3,309,420
$3.3M
Cap Rate 7%
$2,363,871
$2.4M
Cap Rate 9%
$1,838,567
$1.8M
Market Conditions
NOI Build-Up for 10,898 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
$320.4K $29.40/SF
− Vacancy
−$19.5K −$1.79/SF
EGI
$300.9K $27.61/SF
− OpEx
−$135.4K −$12.42/SF
NOI
$165.5K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,309,420
Cap Rate 7%
$2,363,871
Cap Rate 9%
$1,838,567
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.07M – $2.76M
NOI $165,471 @ 7.0% cap · market cap 6.24%
Second Best
Office B
$2.28M
$2.00M – $2.66M
NOI $159,677 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $242,846 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Uptown Denver with office space and residence.
Where is this mixed-use property located?
The property is located at 1000 E 16th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Mixed‑use property with updated office space and a luxury top‑floor residence, ideal for owner‑user or rental income.; Prime Uptown location near government offices, medical campuses, and downtown Denver, with walkable access to restaurants, shops, and cultural attractions.; Ample on‑site parking with 13‑14 spaces, a rare and valuable amenity in the area.
