Convenience Store with Leased
1202 E 58th Ave Denver, CO 80216
New
For Sale
$2,750,000
Includes Conoco-branded gasoline, a check cashing business, and three leased retail units on an I-2 zoned site.
Property Size10,150 SF
Lot Size2.51 Acres
Price / SF$270.94
Days on Market3
Property Features for 1202 E 58th Ave
General Information
- Standard status
- Active
- Size
- 10,150 SF
- Lot size
- 2.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing Agency:
Guardian Real Estate Group
(303) 999-8949
Listed By:
Julie Maeda · License #6904428
(303) 999-8949
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 5:57PM
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 Guardian Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale commercial property is anchored by an established convenience store with Conoco-branded gasoline and an included check cashing business. The convenience store features a deli and kitchen, supporting food service operations within the existing building footprint.
The offering also includes additional income-producing retail space with three extra retail units that are currently leased. The property is situated on approximately 2.51 acres and is described as having I-2 zoning.
The total commercial building area is approximately 10,150 square feet, with multiple components contributing to current rental income.
The offering also includes additional income-producing retail space with three extra retail units that are currently leased. The property is situated on approximately 2.51 acres and is described as having I-2 zoning.
The total commercial building area is approximately 10,150 square feet, with multiple components contributing to current rental income.
Key Highlights
- Approximately 10,150 SF commercial building built in 2001 with a convenience store plus three additional retail units
- Conoco‑branded gasoline included, with Lucky Check Cashing also included as part of the sale
- Approximately 2.51‑acre site with I‑2 zoning
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.3k | $20.52 |
| − Vacancy | −$9.8k | −$0.96 |
| EGI | $198.5k | $19.56 |
| − OpEx | −$49.6k | −$4.89 |
| NOI | $148.9k | $14.67 |
10,150 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $148,867 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$1.98M
$1.74M – $2.32M
NOI $138,942 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,178 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conoco
Gas Station
Denver nutrition
(Bike/Boat/Book/etc) Store
Luckys Auto Services
Car Dealership
National Bitcoin ATM
Atm
ATM
Atm
FAQs
What type of property is this?
Grocery and convenience store - Includes Conoco-branded gasoline, a check cashing business, and three leased retail units on an I-2 zoned site.
Where is this grocery and convenience store located?
The property is located at 1202 E 58th Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 10,150 SF commercial building built in 2001 with a convenience store plus three additional retail units; Conoco‑branded gasoline included, with Lucky Check Cashing also included as part of the sale; Approximately 2.51‑acre site with I‑2 zoning
