Building Details

Year Built 1964

Listing Agency: Coldwell Banker Global Luxury Denver Show Phone

Listed By: Christopher R Sholts · License #100080978 Show Phone

Source: Exitrealty

Added: Jul 1, 2023 Changed: Oct 7 Last Checked: Oct 7 at 10:04AM

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Investment Insights

Based on property information with market context.

A multifamily property is available for sale in Denver, Colorado. The list price is $254,000.

Key Highlights

• Year Built: 1964

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,349

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,980 $287.0K

Cap Rate 7%

$204,986 $205.0K

Cap Rate 9%

$159,433 $159.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 945 SF

Gross rent

$27.8K $29.40/SF

− Vacancy

−$1.7K −$1.79/SF

EGI

$26.1K $27.61/SF

− OpEx

−$11.7K −$12.42/SF

NOI

$14.3K $15.18/SF

Area

Denver, CO

Vacancy

6.10%

Lease Rate

$29.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,980

Cap Rate 7%

$204,986

Cap Rate 9%

$159,433

Alternative Uses

Best Use

Apartment 5plus

$205.0K

$179.4K – $239.2K (±1% cap)

NOI $14,349 @ 7.0% cap · market cap 5.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$300.8K

$263.2K – $351.0K (±1% cap)

NOI $21,058 @ 7.0% cap · market cap 8.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

837

Businesses Nearby

Explore this area Business Placement

Demographics for 80247, CO

29,181

Population

15,768

Households

1.9

Avg Household Size

37

Median Age

42%

College-Educated

93%

High-School Grad

2.9 sq mi

ZIP Area

10,062

Density / Sq Mi

$63,798

Median Household Income

$44,434

Median Earnings

$1,754

Median Rent

$295,400

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property available in Denver, Colorado.

Where is this multifamily property located?

The property is located at 600 S Clinton St Denver, CO.

What is the asking price?

The asking price for this property is $254,000.

What are key features of this property?

This property features: Year Built: 1964