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

    1391 Speer Blvd Denver, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready office suites with mountain and city views.

    Type:OFFICE
    Property size:
    2,415 SF
    Lot size:
    2.90 Acres
    Added:
    Jun 3, 2021
    Days on Market:
    1792
    Last Refresh:
    Apr 5 at 9:28 pm

    Property Features for 1391 Speer Blvd

    General Information

    Standard status
    Active
    Size
    2,415 SF
    Lot size
    2.90 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1391 Speer Blvd Contact us

    We can help!

    Listing Contact
    Caitlin Ellenson
    Caitlin Ellenson

    Listing agent Caitlin Ellenson License ##IA100091832

    Listing office Cushman & Wakefield | Denver

    Listing date Jun 3, 2021

    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 Cushman & Wakefield | Denver

    Overview

    Move-in Ready Office Suites Available

    This property offers move-in ready office suites. The building provides on-site security, secured bike storage, and a building conference room. Exterior signage opportunities are available. The building offers 24/7 controlled access. Updated bathrooms and common areas are present, along with a tenant-only shower and locker room. Numerous dining and shopping options are located nearby. The property features unobstructed mountain and city views and direct access to the Cherry Creek bike path. Attached covered parking and visitor parking are available. The location is within walking distance of King Soopers. The lobby is activated, and the third-floor entrance has been remodeled. The property is in proximity to the Colorado History Center Conferencing Facility, which seats 500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rocky Mountain Mechanical ... Charitable Organization Thomas E Ouellette, ... Dental Office College Living Experience Training Center Center For Educational University Covered Insurance Solutions, ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.998
    Latitude
    39.7376

    Nearby Similar for Lease

    • $8 SF/Yr

      Denver Industrial Space with Office

      30,000 SF industrial space with office near DIA.
      12601 E 38th Ave, Denver, CO 80239
      View Details
    • $25 SF/Yr

      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

      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

      Congress Park Retail Opportunity

      Retail space for lease in Denver's Congress Park neighborhood.
      1201 N Madison Street, Denver, CO 80206
      View Details
    • $2,000/Mo

      Retail Space on Colfax Avenue

      Multi-tenant retail building with high visibility and foot traffic.
      5600 E Colfax Avenue, Denver, CO 80220
      View Details
    • $13 SF/Yr

      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
    • $3,500/Mo

      White Box Retail/Office Space

      Customizable retail or office space near Santa Fe Arts District.
      23 S Kalamath St, Denver, CO 80223
      View Details
    • $11 SF/Yr

      Customizable Flex Space Available

      Versatile flex space with office and warehouse areas for rent.
      1630 E 66th Ave, Denver, CO 80229
      View Details
    • $9 SF/Yr

      Globeville Industrial/Flex Standalone Building

      Industrial/flex building in growing Globeville neighborhood, near Fox Park.
      4150 Fox Street, Denver, CO 80216
      View Details
    • $3,500/Mo

      Capitol Hill Commercial Lot

      750 SF office/warehouse on a 12,500 SF lot.
      363 & 391 N Grant Street, Denver, CO 80203
      View Details
    • $840/Mo

      Renovated Office Space on Broadway

      Modern office building in energetic Denver neighborhood, near amenities.
      400 S. Broadway, Denver, CO 80209
      View Details
    • $22 SF/Yr

      Modern Denver Commercial Space

      Versatile 10,000 SF commercial space for lease in Denver.
      1422 Delgany St, Denver, CO 80202
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office suites with mountain and city views.
    Where is this office units located?
    The property is located at 1391 Speer Blvd Denver, CO.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Unobstructed mountain and city views; 24/7 controlled building access; Attached covered parking and visitor parking available
    (954) 647-7296 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Caitlin Ellenson
    Caitlin Ellenson
    Real Estate License ID: #IA100091832
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!