Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Red-Brick Buildings Title is generated by Realmo AI

    3821 N Steele St, Denver, CO

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in eleven red-brick buildings.

    Type:INDUSTRIAL
    Property size:
    3,228 SF
    Lot size:
    10.58 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    472
    Last Refresh:
    May 20 at 9:23 pm

    Property Features for 3821 N Steele St

    General Information

    Standard status
    Active
    Size
    3,228 SF
    Lot size
    10.58 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 3821 N Steele St Contact us

    We can help!

    Listing Contact
    Mark Dwyer

    Listing agent Mark Dwyer

    Listing office Lincoln Property Company | Denver

    Listing date Feb 13, 2025

    Source Moodyscre

    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 Lincoln Property Company | Denver

    HighLights

    • Onsite Restaurants & Retailers for your convenience
    • Shared Meeting & Event Spaces available
    • Brick & Timber Construction
    • 5,000 - 40,000 RSF Available
    • 1.5/1,000 SF Parking Ratio
    • Locker Rooms & Showers provided

    Overview

    This retail space is located within a complex of eleven red-brick buildings, offering spaces ranging from 5,000 to 40,000 square feet. The property features a parking ratio of 1.5 spaces per 1,000 square feet. Shared meeting and event spaces are available, along with common lunchrooms. Additional amenities include bike storage, locker rooms, showers, and modern restrooms. Onsite restaurants and retailers provide convenient options for tenants and visitors. The property is constructed with brick and timber.
    Property Profile Location Intelligence

    Current Use by Public Records

    Machine Mart Industrial Manufacturer Denver City Lax Charitable Organization River Bear American ... Butcher CrossFit LoDo Gym & Fitness Center Denver Barbell Club Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.953
    Latitude
    39.7695

    Nearby Similar for Lease

    • $8 SF/Yr
      30,000 SF

      Denver Industrial Space with Office

      30,000 SF industrial space with office near DIA.
      12601 E 38th Ave, Denver, CO 80239
      View Details
    • $129-$5,236/Mo
      11-1,292 SF

      CO, Denver - N Broadway

      1290 Broadway, Denver, CO 80203
      View Details
    • Sponsored
      $129-$2,826/Mo
      11-1,292 SF

      CO, Denver - 455 Sherman St

      455 Sherman St, Unit 3RD, Denver, CO 80203
      View Details
    • $129-$18,279/Mo
      11-2,895 SF

      CO, Denver - Civic Center

      1560 Broadway, Denver, CO 80202
      View Details
    • $129-$7,392/Mo
      11-1,292 SF

      Spaces Fillmore Street

      250 Fillmore St, Denver, CO 80206
      View Details
    • $129-$3,816/Mo
      11-1,292 SF

      Spaces Ballpark

      2301 Blake St, Denver, CO 80205
      View Details
    • $129-$5,066/Mo
      11-1,292 SF

      Cherry Creek

      100 Fillmore St, Unit 5TH, Denver, CO 80206
      View Details
    • $7,000/Mo
      1,050 SF

      Move-in Ready Office in Park Hill

      Flexible coworking and private office space in desirable Park Hill.
      2840 N Fairfax, Denver, CO 80207
      View Details
    • $25 SF/Yr
      3,416 SF

      Denver Restaurant Opportunity on Broadway

      Stand-alone restaurant near downtown, RiNo, and LoDo with high visibility.
      2150 N Broadway, Denver, CO 80205
      View Details
    • $25 SF/Yr
      2,610 SF

      South Broadway Retail or Office

      2,610 SF retail or office space in thriving location.
      56 S. Broadway, Denver, CO 80209
      View Details
    • $36 SF/Yr
      3,386 SF

      Congress Park Retail Opportunity

      Retail space for lease in Denver's Congress Park neighborhood.
      1201 N Madison Street, Denver, CO 80206
      View Details
    • $13 SF/Yr
      5,429 SF

      Office/Flex Space Near I-25

      5,429 SF office/flex space with warehouse potential near I-25.
      5700 Logan Street, Denver, CO 80216
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in eleven red-brick buildings.
    Where is this retail space located?
    The property is located at 3821 N Steele St Denver, CO.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Onsite Restaurants & Retailers for your convenience; Shared Meeting & Event Spaces available; **Brick & Timber Construction**
    (303) 226-8212 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Dwyer
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3821 N Steele St, Denver, CO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!