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    155-157 Steele St Denver, CO 80206

    For Sale
    $3,900,000

    NNN leased medical condo in Cherry Creek Shopping District.

    Property size:
    3,893 SF

    Property Features for 155-157 Steele St

    General Information

    Size
    3,893 SF

    Building Details

    Year built
    2017

    Source: Peter Sengelmann Agent Peter Sengelmann

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

    Overview

    Cherry Creek Medical Office Condo

    This medical office condo is located in the heart of the Cherry Creek Shopping District and features frontage on Steele Street. The property is situated on the first floor of a building with 71 residential condos above, where the average sale price exceeds $929 per square foot. The condo was originally designed to be two units, offering future tenant flexibility. The property includes 8 parking spaces, which the owner has the option to charge for, with current parking rates as defined per the lease being well under market. The current tenant benefits from the affluent Cherry Creek neighborhood, which has an average household income of $167,004 within a 1-mile radius. The property size is 3,893 square feet. This is a new construction development.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Similar Places Nearby

    Peace, Love & Paws, Chewy Vet Care 9+Co, Goodheart Animal Health Center, In Your Home Animal Care, Sploot Veterinary Care - 9+CO

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9501971
    Latitude
    39.7185933

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    FAQs

    What type of property is this?
    Medical office - NNN leased medical condo in Cherry Creek Shopping District.
    Where is this medical office located?
    The property is located at 155-157 Steele St Denver, CO.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - NNN leased medical condo in Cherry Creek Shopping District.; - Located in the affluent Cherry Creek neighborhood with high average household income ($167,004 in 1-mile radius).; - First floor location with 71 residential condos above.
    (207) 776-0232
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    Realmo Value Estimation

    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.

    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.

    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
    155-157 Steele St Denver, CO 80206
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