Denver Flex Space Investment
For Sale
$750,000
Location 822 & 824 E 78th Avenue, Denver, CO 80229
3,750 sq. ft. Office: ~1,000 SF | Warehouse: ~2,750 SF For Sale
Property Size3,750 SF
Lot Size0.09 Acres
Price / SF$200
Days on Market621
Property Features for Location 822 & 824 E 78th Avenue
General Information
Standard status
Active
Property type
Flex space, Warehouses, Office Units, Industrial properties, Office Spaces
Size
3,750 SF
Elevators
N/A
Lot size
0.09 Acres
Building Details
Buildings
1
Stories
1
Listed By:
Paul Herzog
(303) 596-4091
Added: Jan 31, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located at 822 & 824 E 78th Avenue in Denver, Colorado, this property offers a combined 3,750 square feet of flex space suitable for a variety of businesses. The property includes two units. One unit provides approximately 1,000 square feet of office space, featuring a reception/waiting area, an open work area suitable for 4-6 employees, a kitchen, and a restroom. The other unit offers approximately 2,750 square feet of warehouse space, ideal for warehouse and light assembly operations. This warehouse component features 22-foot ceilings and a 14-foot drive-in door for efficient loading and unloading. The property is situated on a 0.086-acre lot. The combination of office and warehouse space makes this property adaptable to diverse business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,704
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,080
$914.1K
Cap Rate 7%
$652,914
$652.9K
Cap Rate 9%
$507,822
$507.8K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$82.4K $21.96/SF
− Vacancy
−$21.4K −$5.71/SF
EGI
$60.9K $16.25/SF
− OpEx
−$15.2K −$4.06/SF
NOI
$45.7K $12.19/SF
Area
ZIP 80229
Vacancy
26.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,080
Cap Rate 7%
$652,914
Cap Rate 9%
$507,822
Alternative Uses
Best Use
Office B
$652.9K
$571.3K – $761.7K
NOI $45,704 @ 7.0% cap · market cap 6.09%
Second Best
Flex RnD
$576.6K
$504.6K – $672.8K
NOI $40,365 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.14M
$996.0K – $1.33M
NOI $79,683 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80229, CO
54,153
Population
20,130
Households
2.7
Avg Household Size
33
Median Age
20%
College-Educated
79%
High-School Grad
12.5 sq mi
ZIP Area
4,332
Density / Sq Mi
$83,450
Median Household Income
$42,198
Median Earnings
$1,719
Median Rent
$382,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - 3,750 sq. ft. Office: ~1,000 SF | Warehouse: ~2,750 SF For Sale
Where is this flex space located?
The property is located at Location 822 & 824 E 78th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
