Three-Story Live-Work
For Sale
$875,000
1240 31st Street, Denver, CO 80205
Mural-wrapped loft with adaptable studio space, rooftop outdoor area, garage parking, and I-MX-3 zoning.
Property Size1,900 SF
Price / SF$460.53
Days on Market54
Property Features for 1240 31st Street
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
I-MX-3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,538
Amenities
private rooftop deck
Building Details
Building Size
1,900 SF
Year Built
2008
Stories
3
Listing Agency:
Innovate Commercial Real Estate LLC
Listed By:
Charlie Cummings · License #100072637
(720) 583-5794
Source:
Zencasarealty
Added: Aug 14
Changed: Sep 25
Last Checked: Oct 5 at 11:27PM
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 Innovate Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 2008, this 1,900-square-foot live-work loft spans three stories and combines residential and creative workspace elements. The interior includes 2 bedrooms, 2.5 baths, exposed brick, steel truss ceilings, polished concrete floors, and a mezzanine office or studio. A private rooftop deck provides skyline views, while two garage spaces support on-site parking and storage.
Located at 1240 31st Street in Denver’s Curtis Park, the property sits near RiNo’s restaurant and gallery corridor and blocks from the 38th & Blake rail station. I-MX-3 zoning adds flexibility for a range of live-work-oriented applications supported by the property’s configuration.
Located at 1240 31st Street in Denver’s Curtis Park, the property sits near RiNo’s restaurant and gallery corridor and blocks from the 38th & Blake rail station. I-MX-3 zoning adds flexibility for a range of live-work-oriented applications supported by the property’s configuration.
Key Highlights
- 1,900 SF, 3‑story live‑work loft built in 2008
- 2 bedrooms and 2.5 baths
- Mezzanine office/studio with exposed brick and steel truss ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,839
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,780
$556.8K
Cap Rate 7%
$397,700
$397.7K
Cap Rate 9%
$309,322
$309.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$50.2K $26.40/SF
− Vacancy
−$13.0K −$6.86/SF
EGI
$37.1K $19.54/SF
− OpEx
−$9.3K −$4.88/SF
NOI
$27.8K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,780
Cap Rate 7%
$397,700
Cap Rate 9%
$309,322
Alternative Uses
Best Use
Office B
$397.7K
$348.0K – $464.0K
NOI $27,839 @ 7.0% cap · market cap 3.18%
Second Best
Mixed Use
$382.3K
$334.5K – $446.0K
NOI $26,762 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$604.8K
$529.2K – $705.7K
NOI $42,339 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Live-work space - Mural-wrapped loft with adaptable studio space, rooftop outdoor area, garage parking, and I-MX-3 zoning.
Where is this live-work space located?
The property is located at 1240 31st Street Denver, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,900 SF, 3‑story live‑work loft built in 2008; 2 bedrooms and 2.5 baths; Mezzanine office/studio with exposed brick and steel truss ceilings
