Prime Denver Commercial
For Sale
Contact for pricing
128-146 W 11th Ave, Denver, CO
Versatile commercial space in the heart of Denver, Colorado.
Property Size1,429 SF
Lot Size0.78 Acres
Price / SF$314.91
Days on Market372
Property Features for 128-146 W 11th Ave
General Information
Standard status
Active
Size
1,429 SF
Lot size
0.78 Acres
Property subtype
OFFICE
Lease Type
Full Service
Properties For Sale
at 128-146 W 11th Ave Contact us- Floor
- 1
- Size
- 1,667 SF
- Type
- OFFICE
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE, Now
- Sublease
- No
128 W 11th Ave
Newly Renovated Office
Modern Amenities
Central Denver Location
Live/Work Available
Contact us
Listing Agency:
BellStreet
(720) 404-3140
Listed By:
Tanner Clayton · License #ER.000183921
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Aug 8
Last Checked: Aug 24 at 1:12PM
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 BellStreet
Investment Insights
Based on property information with market context.
Located in Denver, Colorado, the commercial property at 144 W 11th Ave #2 offers a versatile layout suitable for various businesses. The space benefits from ample natural light due to large windows, creating a welcoming environment. The open floor plan allows for customization to meet specific business needs, complemented by modern fixtures and finishes. The property's location provides convenient access to nearby amenities and transportation options. The property has a size of 1429 square feet.
Key Highlights
- Prime commercial property in the heart of Denver (80204)
- Versatile layout suitable for a range of businesses
- Ample natural light from large windows
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
$20,938
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
4.65%
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%
$418,760
$418.8K
Cap Rate 7%
$299,114
$299.1K
Cap Rate 9%
$232,644
$232.6K
Market Conditions
NOI Build-Up for 1,429 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
$37.7K $26.40/SF
− Vacancy
−$9.8K −$6.86/SF
EGI
$27.9K $19.54/SF
− OpEx
−$7.0K −$4.88/SF
NOI
$20.9K $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%
$418,760
Cap Rate 7%
$299,114
Cap Rate 9%
$232,644
Alternative Uses
Best Use
Office B
$299.1K
$261.7K – $349.0K
NOI $20,938 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,106
Businesses Nearby
Explore this area
Business Placement
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?
Office units - Versatile commercial space in the heart of Denver, Colorado.
Where is this office units located?
The property is located at 128-146 W 11th Ave Denver, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime commercial property in the heart of Denver (80204); Versatile layout suitable for a range of businesses; Ample natural light from large windows
