Renovated Office Building on
For Sale
Contact for pricing
Pending
1115 N Broadway, Denver, CO 80203
Renovated in 2015 office building on Broadway with high ceiling heights and 26 covered parking spaces.
Property Size12,200 SF
Days on Market180
Property Features for 1115 N Broadway
General Information
Standard status
Pending
Size
12,200 SF
Total Parking Spaces
26
Property subtype
OFFICE
Building Details
Year Renovated
2015
Listing Agency:
Pinnacle Real Estate Advisors - Sandberg Monette
(303) 407-9784
Listed By:
Darrin Revious · License #FA100074750
(303) 378-1901
Source:
Moodyscre
Added: Feb 3
Changed: Jul 27
Last Checked: Aug 1 at 10:06AM
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 - Sandberg Monette
Investment Insights
Based on property information with market context.
1115 Broadway is a renovated office building featuring executive-style office suites and high ceiling heights throughout. The property was renovated in 2015 and offers a floor plan designed for flexibility, supporting either partial or full owner-occupancy while maintaining in-place income, or reconfiguring the layout to fit a long-term operating vision.
The building is situated directly on Broadway, providing strong visibility and modern finishes. The property includes 26 covered parking spaces, an amenity intended to support employee and client convenience.
With its adaptable interior configuration and covered parking, the building is well-suited for an owner/user seeking a centrally positioned office asset with operational options.
The building is situated directly on Broadway, providing strong visibility and modern finishes. The property includes 26 covered parking spaces, an amenity intended to support employee and client convenience.
With its adaptable interior configuration and covered parking, the building is well-suited for an owner/user seeking a centrally positioned office asset with operational options.
Key Highlights
- Office building renovated in 2015 with executive‑style office suite focus
- Directly on Broadway in Denver’s Golden Triangle neighborhood
- High ceiling heights throughout
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 | $322.1k | $26.40 |
| − Vacancy | −$83.7k | −$6.86 |
| EGI | $238.3k | $19.54 |
| − OpEx | −$59.6k | −$4.88 |
| NOI | $178.8k | $14.65 |
12,200 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.98M
NOI $178,754 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.88M
$3.40M – $4.53M
NOI $271,859 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
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?
Office building - Renovated in 2015 office building on Broadway with high ceiling heights and 26 covered parking spaces.
Where is this office building located?
The property is located at 1115 N Broadway Denver, CO.
What is the asking price?
The asking price for this property is $2,409,000.
What are key features of this property?
This property features: Office building renovated in 2015 with executive‑style office suite focus; Directly on Broadway in Denver’s Golden Triangle neighborhood; High ceiling heights throughout
