Single-User Office
New
For Sale
$1,595,000
501 S Lipan Street, Denver, CO 80223
Well-maintained, one-floor workspace with private offices, shared areas, conference rooms, storage, and a private courtyard.
Property Size5,374 SF
Price / SF$296.80
Days on Market2
Property Features for 501 S Lipan Street
General Information
Standard status
Active
Size
5,374 SF
Total Parking Spaces
13
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
conference rooms
reception area
private courtyard
storage
Building Details
Building Size
5,374 SF
Year Built
1957
Year Renovated
2016
Buildings
1
Stories
1
Listing Agency:
GOURMET REAL ESTATE INC
(303) 726-5990
Listed By:
Jason August · License #40029060
(303) 726-5990
Source:
Coloradopartners
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 11:08AM
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 GOURMET REAL ESTATE INC
Investment Insights
Based on property information with market context.
This single-user office building offers 5,374 square feet on one floor, including 4,534 square feet of office space and 840 square feet of storage. Custom renovated in 2016, the well-maintained property includes private offices, shared work areas, two spacious conference rooms, a professional reception area, and ample storage. A private courtyard is accessible through a glass garage-style door, providing an outdoor setting for company gatherings, brainstorming sessions, or work breaks. The building will be vacant upon sale.
Located at 501 S Lipan Street in Denver, the property is just southwest of Downtown Denver with access to I-25 at Alameda. A 13-space surface lot and adjacent on-street parking serve the building. The roof was replaced about 4 years ago, and apartments are under construction nearby.
Located at 501 S Lipan Street in Denver, the property is just southwest of Downtown Denver with access to I-25 at Alameda. A 13-space surface lot and adjacent on-street parking serve the building. The roof was replaced about 4 years ago, and apartments are under construction nearby.
Key Highlights
- 5,374 square feet on one floor: 4,534 sq ft office and 840 sq ft storage
- Custom renovation completed in 2016
- Two spacious conference rooms, private offices, shared work areas, and reception
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 | $141.9k | $26.40 |
| − Vacancy | −$36.9k | −$6.86 |
| EGI | $105.0k | $19.54 |
| − OpEx | −$26.2k | −$4.88 |
| NOI | $78.7k | $14.65 |
5,374 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$984.3K – $1.31M
NOI $78,740 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,752 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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?
Office building - Well-maintained, one-floor workspace with private offices, shared areas, conference rooms, storage, and a private courtyard.
Where is this office building located?
The property is located at 501 S Lipan Street Denver, CO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 5,374 square feet on one floor: 4,534 sq ft office and 840 sq ft storage; Custom renovation completed in 2016; Two spacious conference rooms, private offices, shared work areas, and reception
