Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    58 Steele St Denver, CO 80206

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $48 SF/Yr

    Street-level retail space in luxury apartment building near Cherry Creek.

    Property size:
    17,054 SF
    Lot size:
    17,054 SF

    Property Features for 58 Steele St

    General Information

    Size
    17,054 SF

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Cory Dulberg
    Cory Dulberg
    Source: Naiglobal

    Listing Agent: Cory Dulberg

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Cherry Creek

    This prime street-level retail space is located on the ground floor of the 218-unit Steele Creek luxury apartment building. The location offers high visibility near Cherry Creek Mall and the Cherry Creek North Shopping District, with exposure to over 40,000 vehicles per day. The property includes 7 dedicated retail parking spaces. Other tenants include Drybar, Purluxe Beauty Bar, Matsuhisa, and Steinway & Sons. The location is highly visible and proximate to the upscale Cherry Creek North Neighborhood, Colorado Blvd, University Blvd, and Speer Blvd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.94966
    Latitude
    39.7172703

    Nearby Similar for Lease

    • $20 SF/Yr
      17,160 SF

      Denver Uptown Office Space

      High-quality office space in Denver's vibrant Uptown neighborhood.
      1645-1655 Grant St, Denver, CO 80203
      View Details
    • $1,695 /Mo
      904 SF

      Updated Condo Near Denver Tech

      Recently updated condo with community amenities, near Denver Tech Center.
      4400 S Quebec St, Denver, CO 80237
      View Details
    • $2,960 /Mo
      23,266 SF

      Denver Wellcare Marketplace Leasing Opportunity

      Prime Denver property with modern design and versatile business space.
      2949 Federal Blvd, Denver, CO 80211
      View Details
    • $3,795 /Mo
      1,456 SF

      Spacious Apartment Near Union Station

      Large two-bedroom apartment with modern amenities and convenient location.
      1750 Wewatta St, Denver, CO 80202
      View Details
    • $4,627 /Mo
      873 SF

      RiNo Ground Floor Retail Space

      Boutique retail space in prime RiNo location on the river.
      3575 Chestnut Pl, Denver, CO 80216
      View Details
    • $20 SF/Yr
      26,402 SF

      Cherry Creek Retail/Office Space

      Affordable retail or office space in Cherry Creek North.
      201 Steele St, Denver, CO 80206
      View Details
    • $2,940 /Mo
      1,010 SF

      Modern Townhome in LoHi Denver

      Two-bedroom townhome with rooftop deck and downtown views.
      1032 W 37Th Ave, Denver, CO 80211
      View Details
    • $1,325 /Mo
      715 SF

      Athmar Park Apartment For Rent

      Two-bedroom apartment near restaurants, shopping, I-25, and parks.
      1080 S Eliot St, Denver, CO 80219
      View Details
    • Contact for pricing
      15,000 SF

      Santa Fe Drive Brewery/Taproom Space

      Divisible space with brewery equipment, liquor license, and parking.
      900-924 W 1St Ave, Denver, CO 80218
      View Details
    • $18 SF/Yr
      6,420 SF

      Remodeled Retail/Office Space on Colfax

      Two-level, 2,310 SF suite with street-level exposure and upgraded finishes.
      5900 E Colfax Ave, Denver, CO 80220
      View Details
    • $24 SF/Yr
      1,051 SF

      Santa Fe Art District Retail

      Mixed-use retail space in the heart of Santa Fe.
      1201 Santa Fe Dr, Denver, CO 80204
      View Details
    • $30 SF/Yr
      2,625 SF

      Santa Fe Arts District Showroom

      Showroom/office space in the heart of the Santa Fe Arts District.
      901 Santa Fe Dr, Denver, CO 80204
      View Details

    FAQs

    What type of property is this?
    Retail space - Street-level retail space in luxury apartment building near Cherry Creek.
    Where is this retail space located?
    The property is located at 58 Steele St Denver, CO.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: - Prime street-level retail space in a luxury apartment building; - Highly visible location adjacent to Cherry Creek Mall; - Exposure to over 40,000 vehicles per day
    (303) 565-3039
    Request Owner's contact information
    58 Steele St Denver, CO 80206
    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.
    58 Steele St
    Denver, CO 80206
    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
    58 Steele St Denver, CO 80206
    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
    Cory Dulberg
    Cory Dulberg
    Real Estate License ID: CO FA40046787
    (303) 565-3039
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.