Office and Retail Condo
1948 Blake St Denver, CO 80202
For Sale
Contact for pricing
Mixed office and retail condo in a historic brick building with exposed timber and spiral duct work.
Property Size2,141 SF
Price / SF$464.74
Days on Market484
Property Features for 1948 Blake St
General Information
Standard status
Active
Size
2,141 SF
Property subtype
OFFICE
Listing Agency:
Benchmark Commercial, LLC
(303) 395-0112
Listed By:
Tanner Mason · License #FA.040023622
(303) 395-0112
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 28
Last Checked: Jul 28 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 Benchmark Commercial, LLC
Investment Insights
Based on property information with market context.
This office and retail condo is offered as part of a historic mixed-use building and totals 2,141 square feet. The space is currently occupied by B’s Ballpark Museum. The building’s character is reflected in its classic LODO aesthetic, including heavy timber and brick construction with exposed spiral duct work.
The property is described as highly visible and located within sight of Coors Field, with dining and entertainment nearby. Access is provided to I-25 and I-70, and the remarks state that Denver International Airport is about 30 minutes away.
The building was constructed in 1895 and underwent significant renovations in 1993. It is part of an 18,750-square-foot structure that retains its historic presentation while providing the distinctive interior finishes noted in the remarks.
The property is described as highly visible and located within sight of Coors Field, with dining and entertainment nearby. Access is provided to I-25 and I-70, and the remarks state that Denver International Airport is about 30 minutes away.
The building was constructed in 1895 and underwent significant renovations in 1993. It is part of an 18,750-square-foot structure that retains its historic presentation while providing the distinctive interior finishes noted in the remarks.
Key Highlights
- Mixed office and retail condo totaling 2,141 SF in a historic brick building in LODO
- 18,750 SF building built in 1895, with significant renovations completed in 1993
- Classic LODO character with heavy timber, brick construction, and exposed spiral duct work
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 | $56.5k | $26.40 |
| − Vacancy | −$14.7k | −$6.86 |
| EGI | $41.8k | $19.54 |
| − OpEx | −$10.5k | −$4.88 |
| NOI | $31.4k | $14.65 |
2,141 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Mixed office and retail condo in a historic brick building with exposed timber and spiral duct work.
Where is this office units located?
The property is located at 1948 Blake St Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Mixed office and retail condo totaling 2,141 SF in a historic brick building in LODO; 18,750 SF building built in 1895, with significant renovations completed in 1993; Classic LODO character with heavy timber, brick construction, and exposed spiral duct work
