Renovated Mixed-Use
101 Kalamath St, Denver, CO 80223
Centrally located, renovated office/warehouse with easy access to I-25.
Type:Office, Industrial, Mixed Use
Property size:
5,000 SFPrice / SF:
$230/SF- Added:
- Aug 2, 2024
- Days on Market:
- 668
- Last Refresh:
- May 12 at 11:22 pm
Property Features for 101 Kalamath St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office, Industrial, Mixed Use
Building Details
- Year Built
- 1962
Listing agent RC Myles License #1311187
Listing office Pinnacle Real Estate Advisors
Listing date Aug 2, 2024
Source Crexi
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 Pinnacle Real Estate Advisors
HighLights
- Centrally located with immediate access to I‑25 and the central business district.
- Mixed‑use zoning (office/warehouse).
- Recently renovated with new windows, awning, updated office, flooring, and lighting.
- Concrete loading area.
- Drive‑in loading.
- Located along the Kalamath Street corridor.
Overview
This mixed-use property is centrally located along the Kalamath Street corridor. The property is zoned for mixed-use and contains both office and warehouse space. It is situated just north of Alameda Avenue and south of 6th Avenue, providing access to I-25 and the central business district. The building has been recently renovated, including new windows, a new awning, updated and renovated office space, new flooring, and new lighting. The property includes a concrete loading area and drive-in loading. The property size is 5000 square feet.
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 | $132.0k | $26.40 |
| − Vacancy | −$34.3k | −$6.86 |
| EGI | $97.7k | $19.54 |
| − OpEx | −$24.4k | −$4.88 |
| NOI | $73.3k | $14.65 |
5,000 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$915.8K – $1.22M
NOI $73,260 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$1.01M
$880.3K – $1.17M
NOI $70,425 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,418 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.000606
- Latitude
- 39.7184969
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Centrally located, renovated office/warehouse with easy access to I-25.
Where is this mixed-use property located?
The property is located at 101 Kalamath St Denver, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Centrally located with immediate access to I‑25 and the central business district.; Mixed‑use zoning (office/warehouse).; Recently renovated with **new windows, awning, updated office, flooring, and lighting.**
