Automotive Repair Shop with 10
For Sale
$1,500,000
134 S Broadway, Denver, CO 80209
Currently occupied facility with drive-in service access and roll-up doors.
Property Size5,980 SF
Days on Market35
Property Features for 134 S Broadway
General Information
Standard status
Active
Size
5,980 SF
Property subtype
Retail
Zoning
U-MS-3
Occupancy
100%
Site & Location
Traffic Count
23,391 vehicles/day
Road Access
Yes
Additional Details
Service Bays
10
Building Details
Building Size
5,980 SF
Year Built
1964
Tenancy
Single
Abandoned
No
Listing Agency:
Unique Properties, Inc
Listed By:
Brad Gilpin · License #EA.100007414
(303) 668-3733
Source:
Uniqueprop
Added: Aug 1
Changed: Aug 8
Last Checked: Sep 4 at 5:00AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Built in 1964, this occupied automotive service property includes 10 drive-in bays, each equipped with a 10' x 10' roll-up door. The facility is occupied by Maple Garage, with showings available by appointment. A new five-year leaseback is to be negotiated.
The property is located at 134 S Broadway in Denver, Colorado, within the city and county of Denver. It carries U-MS-3 zoning and is positioned near Broadway and E. Maple Ave, where reported daily traffic counts are 23,391 vehicles. The combination of existing automotive occupancy, multiple service bays, and dedicated drive-in access supports continued vehicle-service use.
The property is located at 134 S Broadway in Denver, Colorado, within the city and county of Denver. It carries U-MS-3 zoning and is positioned near Broadway and E. Maple Ave, where reported daily traffic counts are 23,391 vehicles. The combination of existing automotive occupancy, multiple service bays, and dedicated drive-in access supports continued vehicle-service use.
Key Highlights
- 10 drive‑in bays with 10' x 10' roll‑up doors
- Occupied by Maple Garage; showings are by appointment
- New five‑year leaseback to be negotiated
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
$81,860
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
5.46%
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%
$1,637,200
$1.6M
Cap Rate 7%
$1,169,429
$1.2M
Cap Rate 9%
$909,556
$909.6K
Market Conditions
NOI Build-Up for 5,980 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
$122.7K $20.52/SF
− Vacancy
−$5.8K −$0.96/SF
EGI
$116.9K $19.56/SF
− OpEx
−$35.1K −$5.87/SF
NOI
$81.9K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$1,637,200
Cap Rate 7%
$1,169,429
Cap Rate 9%
$909,556
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,860 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$725.6K
$634.9K – $846.5K
NOI $50,791 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,255 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Service bays
23,391 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
187k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 24%
Groceries 19%
Apparel 19%
Safeway
Groceries
34,971 visits/mo
0.3 miles
Goodwill
Apparel
28,850 visits/mo
0.1 miles
Punch Bowl Social
Dining
21,446 visits/mo
0.2 miles
Starbucks
Dining
10,061 visits/mo
0.5 miles
Illegal Pete's
Dining
9,542 visits/mo
0.2 miles
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Currently occupied facility with drive-in service access and roll-up doors.
Where is this auto shop located?
The property is located at 134 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10 drive‑in bays with 10' x 10' roll‑up doors; Occupied by Maple Garage; showings are by appointment; New five‑year leaseback to be negotiated
