Retail Building in Capitol
For Sale
Contact for pricing
550 E 13th Ave, Denver, CO
Leased retail building in vibrant Capitol Hill neighborhood.
Property Size5,985 SF
Lot Size0.21 Acres
Price / SF$483.71
Days on Market836
Property Features for 550 E 13th Ave
General Information
Standard status
Active
Size
5,985 SF
Lot size
0.21 Acres
Property subtype
RETAIL
Listing Agency:
Shames Makovsky
(303) 534-5005
Listed By:
Solomon Stark
(303) 888-0002
Source:
Moodyscre
Added: Jul 1, 2024
Changed: Oct 4
Last Checked: Oct 12 at 9:38PM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
This 5,985 square foot retail building is located in the Capitol Hill neighborhood. The property is 100% leased and situated on the hard corner of 13th and Pennsylvania, offering visibility. It features off-street parking and accessibility to thoroughfares such as Broadway, Colfax, and Speer Blvd. The property presents an opportunity for users seeking 2,385 square feet of retail space upon the expiration of Denver Vapor’s lease in January 2025. It is also suitable for investors looking for real estate with the potential to increase rents.
Key Highlights
- 100% leased retail building in Capitol Hill.
- Prime Denver real estate with opportunity to increase rents.
- Fantastic visibility on the signalized corner of 13th and Pennsylvania.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,928
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,560
$1.6M
Cap Rate 7%
$1,170,400
$1.2M
Cap Rate 9%
$910,311
$910.3K
Market Conditions
NOI Build-Up for 5,985 SF
Gross rent
$122.8K $20.52/SF
− Vacancy
−$5.8K −$0.96/SF
EGI
$117.0K $19.56/SF
− OpEx
−$35.1K −$5.87/SF
NOI
$81.9K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,560
Cap Rate 7%
$1,170,400
Cap Rate 9%
$910,311
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,928 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,367 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,344
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 37%
Hotels & Casinos 7%
Beauty & Spa 1%
McDonald's
Dining
31,534 visits/mo
0.3 miles
Circle K
Shops & Services
18,015 visits/mo
0.4 miles
Wendy's
Dining
15,486 visits/mo
0.4 miles
Torchy's Tacos
Dining
12,418 visits/mo
0.4 miles
Cheba Hut
Dining
10,478 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Retail space - Leased retail building in vibrant Capitol Hill neighborhood.
Where is this retail space located?
The property is located at 550 E 13th Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 100% leased retail building in Capitol Hill.; Prime Denver real estate with opportunity to increase rents.; Fantastic visibility on the signalized corner of 13th and Pennsylvania.
