Standalone Two-Story Office
520 Cherokee St Denver, CO 80204
520 Cherokee St, Denver, CO, 80204
$1,295,000
For Sale
$1,295,000
Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.
Property Size5,441 SF
Lot Size0.16 Acres
Price / SF$238.01
Days on Market9
Property Features for 520 Cherokee St
General Information
- Standard status
- Active
- Size
- 5,441 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
BLVD REAL ESTATE GROUP, LLC
(720) 219-1693
Listed by
Sunitha Alli
(720) 219-1693
Source
Elliman
Added: Jul 14 Updated: Jul 15 at 2:54AM Checked: Jul 21 at 8:59AM
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 BLVD REAL ESTATE GROUP, LLC
Investment Insights
Based on property information with market context.
This standalone two-story office building is currently configured as three separate office suites. The layout includes multiple private entrances, reception and office areas, private rooms, restrooms, and 8 rooms across the building, along with 4 bathrooms and 17 on-site parking spaces.
The property sits adjacent to the Denver Health campus and is located near major central Denver corridors, including Broadway, Lincoln, 6th Avenue, Baker, and Speer. It is situated on a 7,000 SF lot and zoned C-MX-8 mixed-use, supporting flexible use possibilities.
A buyer may continue using the building as professional office space, lease the first-floor suites independently with their own separate entrances, or evaluate residential and live/work conversion options. Any residential or live/work conversion would be subject to buyer verification and required City approvals.
The property sits adjacent to the Denver Health campus and is located near major central Denver corridors, including Broadway, Lincoln, 6th Avenue, Baker, and Speer. It is situated on a 7,000 SF lot and zoned C-MX-8 mixed-use, supporting flexible use possibilities.
A buyer may continue using the building as professional office space, lease the first-floor suites independently with their own separate entrances, or evaluate residential and live/work conversion options. Any residential or live/work conversion would be subject to buyer verification and required City approvals.
Key Highlights
- Standalone two‑story building (1957) with approx. 5,441 SF above grade on a 7,000 SF lot
- Configured as three separate office suites with multiple private entrances for flexible use
- Includes 8 rooms and 4 bathrooms, with reception/office areas, private rooms, and restrooms
Local Financial Insights For Office B
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 | $143.6k | $26.40 |
| − Vacancy | −$37.3k | −$6.86 |
| EGI | $106.3k | $19.54 |
| − OpEx | −$26.6k | −$4.88 |
| NOI | $79.7k | $14.65 |
5,441 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$996.5K – $1.33M
NOI $79,722 @ 7.0% cap · market cap 6.16%
Second Best
Mixed Use
$1.09M
$958.0K – $1.28M
NOI $76,636 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,245 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Artistic Body Development
Gym & Fitness Center
SassiFit Dance Fitness ...
Gym & Fitness Center
Catalyst Physical Therapy
Physician
Wedding Dance Coach
Training Center
Amy Valenta
Physician
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FAQs
What type of property is this?
Office building - Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.
Where is this office building located?
The property is located at 520 Cherokee St Denver, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Standalone two‑story building (1957) with approx. 5,441 SF above grade on a 7,000 SF lot; Configured as three separate office suites with multiple private entrances for flexible use; Includes 8 rooms and 4 bathrooms, with reception/office areas, private rooms, and restrooms
