Modernized Office Live/Work
1127 E 16th Ave Denver, CO 80218
1127 E 16th Ave, Denver, CO, 80218
$695,000
For Sale
$695,000
Modernized 1933 office building with off-street parking, fenced yard, and live/work flexibility for professional users.
Property Size2,593 SF
Price / SF$268.03
Days on Market47
Property Features for 1127 E 16th Ave
General Information
- Standard status
- Active
- Size
- 2,593 SF
- Property subtype
- Office
Building Details
- Year Built
- 1933
Listing Agency
Unique Properties, Inc.
(303) 900-5742
Listed by
Michael DeSantis
(303) 900-5742
Source
Tcnworldwide
Added: Jun 2 Checked: Jul 17 at 7:15 am
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, Inc.
Investment Insights
Based on property information with market context.
This modernized office building is housed in a charming 1933 structure and offers office space configured for boutique professional use. With live/work potential, it combines traditional office practicality with the option for an integrated work-and-living setup. The property also includes off-street parking behind the building, plus a fenced front yard space with mature landscaping.
Located in Denver’s City Park West, the property is zoned G-RO-3 and set up to support professional tenancy with an environment that feels more private than a typical multi-tenant configuration. The combination of dedicated parking and an enclosed yard area provides added utility for day-to-day operations and client-facing needs.
The layout and zoning make this a strong fit for law firms, startups, agencies, and other boutique professional offices seeking a distinct setting. It’s particularly well suited for organizations that value a small, character-forward workplace while keeping the flexibility to support live/work use under the existing zoning framework.
Located in Denver’s City Park West, the property is zoned G-RO-3 and set up to support professional tenancy with an environment that feels more private than a typical multi-tenant configuration. The combination of dedicated parking and an enclosed yard area provides added utility for day-to-day operations and client-facing needs.
The layout and zoning make this a strong fit for law firms, startups, agencies, and other boutique professional offices seeking a distinct setting. It’s particularly well suited for organizations that value a small, character-forward workplace while keeping the flexibility to support live/work use under the existing zoning framework.
Key Highlights
- Modernized 1933 office building with 2,593 SF in Denver’s City Park West (Zoned G‑RO‑3).
- Off‑street parking located behind the building.
- Fenced yard space with mature landscaping.
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 | $68.5k | $26.40 |
| − Vacancy | −$17.8k | −$6.86 |
| EGI | $50.7k | $19.54 |
| − OpEx | −$12.7k | −$4.88 |
| NOI | $38.0k | $14.65 |
2,593 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$542.8K
$474.9K – $633.2K
NOI $37,993 @ 7.0% cap · market cap 5.47%
Second Best
Mixed Use
$521.7K
$456.5K – $608.7K
NOI $36,522 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$825.4K
$722.3K – $963.0K
NOI $57,781 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Colavria Hospitality
Nursing Home
Colavria
Professional Services
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FAQs
What type of property is this?
Live-work space - Modernized 1933 office building with off-street parking, fenced yard, and live/work flexibility for professional users.
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: Modernized 1933 office building with 2,593 SF in Denver’s City Park West (Zoned G‑RO‑3).; Off‑street parking located behind the building.; Fenced yard space with mature landscaping.
