Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1128 28Th St Denver, CO 80205

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,500,000

    Unique investment opportunity in Denver's RiNo neighborhood.

    Building Details

    Year built
    1926

    We can help!

    Listing Contact
    Elliott Polanchyck
    Source: Tcnworldwide

    Listing Agency: UNIQUE PROPERTIES LLC Listing Agent: Elliott Polanchyck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic RiNo Day Care Center

    The Margery Reed Day Care Center, situated at 1128 28th Street in Denver’s RiNo neighborhood, presents a unique investment opportunity. This historically designated property offers the chance to blend modern functionality with the charm of a cornerstone building. Located in a rapidly growing area, the property holds potential for investors. The property allows for the preservation of its historic exterior while offering the opportunity to transform the interior into a modern and versatile space. As RiNo evolves into a vibrant cultural and commercial hub, the Margery Reed Day Care Center is positioned to become a cornerstone of the community. The property size is 25089 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Margery Reed Denver ... High School Margery Reed Mayo ... Daycare Center 1128 28th St ... Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Enrichment Cottage, Little Saints Day Care, Montessori Academy of Colorado, Anna Jo Garcia Haynes Early Learning Center, Zion Learning Center

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.982109
    Latitude
    39.759351

    Nearby Similar for Sale

    • New
      $525,000
      1,574 SF

      Denver Live-Work Space with Views

      Modern live-work space near transportation, mountain views, low-maintenance living.
      2768 W 68Th Ave, Denver, CO 80221
      View Details
    • $350,000
      0.02 Acres

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames St, Denver, CO 80226
      View Details
    • $649,000
      0.09 Acres

      Denver Multifamily Property with Potential

      Classic Denver property with two separate living quarters and great potential.
      308 Inca St, Denver, CO 80223
      View Details
    • $825,000
      3,110 SF

      Updated Duplex in Hale Neighborhood

      Turnkey duplex with upgrades in a desirable Denver location.
      5101 E 8Th Ave, Denver, CO 80220
      View Details
    • New
      $900,000
      0.17 Acres

      Denver Redevelopment Opportunity

      Prime Denver location, ideal for redevelopment or renovation project.
      1632 York St, Denver, CO 80206
      View Details
    • $950,000
      3,420 SF

      Classic Dutch Colonial Office Building

      Updated Dutch Colonial mansion-turned-office in downtown Denver.
      1718 N Gaylord St, Denver, CO 80206
      View Details
    • $950,000
      5,670 SF

      Two-Building Opportunity in Denver

      Two vacant buildings ideal for owner-user or investment.
      2162 S Jason St, Denver, CO 80223
      View Details
    • $350,000

      Spacious Warehouse/Storage Unit For Sale

      Versatile warehouse/storage unit with flex space, mezzanine, and secure access.
      560 Ames St, Denver, CO 80226
      View Details
    • $575,000
      Pending

      Denver Redevelopment/Renovation Opportunity

      Commercial property suitable for redevelopment or renovation in Denver County.
      1454 Tamarac St, Denver, CO 80220
      View Details
    • $465,000

      Versatile Industrial/Flex Space with Access

      Industrial/flex space with prime access, ideal for various business uses.
      802 E 78Th Ave, Denver, CO 80229
      View Details
    • $449,000

      Versatile Commercial Building with Dock

      Office/warehouse with storage, dock access, and business uses.
      1050 S Quitman St, Denver, CO 80219
      View Details
    • $949,400
      13,106 SF

      Well-Maintained Church with Versatile Spaces

      Spacious church with daycare, offices, commercial kitchen, and seating.
      3795 S Knox Ct, Denver, CO 80236
      View Details

    FAQs

    What type of property is this?
    Day care center - Unique investment opportunity in Denver's RiNo neighborhood.
    Where is this day care center located?
    The property is located at 1128 28Th St Denver, CO.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime location in Denver's rapidly growing RiNo neighborhood.; - Unique investment opportunity with historical designation.; - Potential for high returns due to area's booming growth.
    (214) 616-2695
    Request Owner's contact information
    1128 28Th St Denver, CO 80205
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1128 28Th St
    Denver, CO 80205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1128 28Th St Denver, CO 80205
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elliott Polanchyck
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!