Live-Work Space with Fenced
For Sale
$695,000
1127 E 16th Ave, Denver, CO 80218
Modernized live-work space zoned G-RO-3 with off-street parking and a fenced front yard with mature landscaping.
Property Size2,593 SF
Price / SF$268.03
Days on Market92
Property Features for 1127 E 16th Ave
General Information
Standard status
Active
Size
2,593 SF
Class
C
Property subtype
Multi Tenant Office
Zoning
G-RO-3
Amenities
fenced front yard space with mature landscaping
Building Details
Building Size
2,593 SF
Year Built
1933
Properties For Sale
at 1127 E 16th Ave Contact us- Size
- 2,593 SF
- Lease Type
- Full Service
1127 E 16th Ave
Listing Agency:
Unique Properties, Inc
(303) 321-5888
Listed By:
Michael DeSantis
(303) 321-5888
Source:
Thebrokerlist
Added: Jun 2
Changed: Aug 25
Last Checked: Aug 31 at 12:36PM
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.
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.
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 = 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
$37,993
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
5.47%
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%
$759,860
$759.9K
Cap Rate 7%
$542,757
$542.8K
Cap Rate 9%
$422,144
$422.1K
Market Conditions
NOI Build-Up for 2,593 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
$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 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%
$759,860
Cap Rate 7%
$542,757
Cap Rate 9%
$422,144
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
