Building Details

Building Size 2,593 SF

Year Built 1933

Listing Agency: Unique Properties, Inc

Listed By: Michael DeSantis · License #FA.100053000 Show Phone

Source: Uniqueprop

Added: Jun 2 Changed: Oct 16 Last Checked: Oct 16 at 5:59AM

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Investment Insights

Based on property information with market context.

Located at 1127 E 16th Ave, this modernized live-work office mansion dates to 1933 and offers 2,593 SF of flexible space. The property is zoned G-RO-3 and includes off-street parking behind the building, along with a fenced yard area and a fenced front yard with mature landscaping.

The configuration supports professional uses, with live/work potential intended for office-oriented tenants. The combination of a traditional building layout and outdoor space can be useful for teams that want a distinct, self-contained setting while remaining set up for daytime work.

With its zoning designation, off-street parking, and dedicated outdoor yard space, the property provides a practical option for law firms, startups, agencies, and boutique professional offices looking for an office-focused live-work environment.

Key Highlights

• 2,593 SF modernized live‑work office mansion
• Built in 1933 with an updated interior
• Zoned G‑RO‑3

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,993

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,860 $759.9K

Cap Rate 7%

$542,757 $542.8K

Cap Rate 9%

$422,144 $422.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,593 SF

Gross rent

$68.5K $26.40/SF

− Vacancy

−$17.8K −$6.86/SF

EGI

$50.7K $19.54/SF

− OpEx

−$12.7K −$4.88/SF

NOI

$38.0K $14.65/SF

Area

Denver, CO

Vacancy

26.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,860

Cap Rate 7%

$542,757

Cap Rate 9%

$422,144

Alternative Uses

Best Use

Office B

$542.8K

$474.9K – $633.2K (±1% cap)

NOI $37,993 @ 7.0% cap · market cap 5.47%

Second Best

Mixed Use

$521.7K

$456.5K – $608.7K (±1% cap)

NOI $36,522 @ 7.0% cap · market cap 5.25%

Theoretical Best

Office A

$825.4K

$722.3K – $963.0K (±1% cap)

NOI $57,781 @ 7.0% cap · market cap 8.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Colavria Hospitality Nursing Home Colavria Professional Services

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Daycare Center Electrical Service Butcher Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,146

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

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - Modernized live-work space zoned G-RO-3 with off-street parking and a fenced front yard with mature landscaping.

Where is this live-work space located?

The property is located at 1127 E 16th Ave Denver, CO.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 2,593 SF modernized live‑work office mansion; Built in 1933 with an updated interior; Zoned G‑RO‑3