Versatile Commercial Building with
For Sale
$999,000
1400 W 70th Ave, Denver, CO 80221
Freestanding building with flexible layout, parking, and highway access.
Property Size4,320 SF
Price / SF$231.25
Days on Market132
Property Features for 1400 W 70th Ave
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$23,640
Building Details
Building Size
4,320 SF
Year Built
1995
Listing Agency:
JPAR Modern Real Estate
(720) 980-3516
Listed By:
Barry Osafo-Atta · License #40039181
(720) 980-3516
Source:
Elliman
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 8 at 5:53AM
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 JPAR Modern Real Estate
Investment Insights
Based on property information with market context.
This freestanding 4,320 square foot commercial building features a versatile layout suitable for various uses. Approximately one-third of the space is configured with private offices, while the remaining two-thirds provides open space, offering flexibility for multiple business types or configurations. The property is situated on a large lot with on-site parking for approximately 10 to 15 vehicles. An oversized detached one-car garage provides additional storage or workspace. The building is in relatively good condition and ready for immediate use or light customization. Zoned C-5, the property allows for a wide range of commercial uses including retail, office, and service-based businesses. The location offers close proximity to the highway and strong visibility, providing excellent exposure and accessibility. The property is currently vacant, allowing for immediate occupancy. The bike score is 50, indicating it is bikeable, and the walk score is 12, indicating it is car-dependent.
Key Highlights
- Vacant 4,320 SF commercial building ready for immediate occupancy.
- Versatile layout with a mix of private offices and open space.
- Zoned C‑5, allowing for a wide range of commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,940
$1.3M
Cap Rate 7%
$904,243
$904.2K
Cap Rate 9%
$703,300
$703.3K
Market Conditions
NOI Build-Up for 4,320 SF
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.
Gross rent
$114.0K $26.40/SF
− Vacancy
−$29.7K −$6.86/SF
EGI
$84.4K $19.54/SF
− OpEx
−$21.1K −$4.88/SF
NOI
$63.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,940
Cap Rate 7%
$904,243
Cap Rate 9%
$703,300
Alternative Uses
Best Use
Office B
$904.2K
$791.2K – $1.05M
NOI $63,297 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$844.8K
$739.2K – $985.6K
NOI $59,136 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,265 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building with flexible layout, parking, and highway access.
Where is this flex space located?
The property is located at 1400 W 70th Ave Denver, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Vacant 4,320 SF commercial building ready for immediate occupancy.; Versatile layout with a mix of private offices and open space.; Zoned C‑5, allowing for a wide range of commercial uses.
