Historic Office Building with
For Sale
Contact for pricing
2009 Market St, Denver, CO 80205
Renovated historic office building offers two levels of private offices, shared offices, conference space, and patio access.
Property Size6,595 SF
Price / SF$272.93
Days on Market634
Property Features for 2009 Market St
General Information
Standard status
Active
Size
6,595 SF
Property subtype
OFFICE
Zoning
B-8
Additional Details
Public Transit
Yes
Amenities
conference room
community space
patio access
wet bar
Building Details
Year Renovated
1994
Stories
2
Listing Agency:
Henry Group Real Estate
(303) 625-7444
Listed By:
Montana Rae · License #FA01319334
(970) 618-6257
Source:
Moodyscre
Added: Nov 6, 2024
Changed: Jul 29
Last Checked: Jul 29 at 3:50AM
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 Henry Group Real Estate
Investment Insights
Based on property information with market context.
This historic office building features a two-floor layout designed for flexible work arrangements. On the first floor, there are two large single/shared offices, two private offices, and a conference room. The second floor includes five large single offices plus community space with patio access and a wet bar. The property is described as a historic landmark and was renovated in 1994.
The building has high visibility on a signal intersection with desirable traffic counts and foot traffic, and it is within walking distance of multiple restaurant and retail options. A 10-minute walk to Union Station transportation is also noted.
With flexible B-8 zoning listed, the property may support a multitude of uses, subject to applicable approvals.
The building has high visibility on a signal intersection with desirable traffic counts and foot traffic, and it is within walking distance of multiple restaurant and retail options. A 10-minute walk to Union Station transportation is also noted.
With flexible B-8 zoning listed, the property may support a multitude of uses, subject to applicable approvals.
Key Highlights
- Historic landmark office building renovated in 1994 with two levels of office space
- 1st floor: two large single/shared offices, two private offices, and a conference room
- 2nd floor: five large single offices plus community space, patio access, and a wet bar
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 | $174.1k | $26.40 |
| − Vacancy | −$45.3k | −$6.86 |
| EGI | $128.8k | $19.54 |
| − OpEx | −$32.2k | −$4.88 |
| NOI | $96.6k | $14.65 |
6,595 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,630 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,960 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,453
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
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated historic office building offers two levels of private offices, shared offices, conference space, and patio access.
Where is this office building located?
The property is located at 2009 Market St Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Historic landmark office building renovated in 1994 with two levels of office space; 1st floor: two large single/shared offices, two private offices, and a conference room; 2nd floor: five large single offices plus community space, patio access, and a wet bar
