1351 W Alameda Avenue, Denver, CO 80223

Building Details

Building Size 2,500 SF More

Year Built 1948 More

Listing Agency: Brokers Guild Homes

Listed By: Fariba Keshavarz · License #100071268 Show Phone

Source: Guidere

Added: Jul 28, 2025 Changed: Oct 31 Last Checked: Nov 8 at 3:39PM

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Investment Insights

Based on property information with market context.

This flex-space property combines office, showroom, and warehouse components within a commercial building originally constructed in 1948. The interior has been fully remodeled, creating an updated setting for users seeking a blend of customer-facing and operational space.

The property is located at 1351 W Alameda Avenue in Denver, with access to I-25 in both directions. Downtown Denver and Cherry Creek are each approximately 3 miles away, placing the building near established urban destinations and major conveniences. Its combination of office, showroom, and warehouse elements supports a range of commercial configurations, subject to applicable approvals and site requirements.

Key Highlights

• Fully remodeled office/showroom property
• Flex‑space configuration with office and warehouse components
• Access to I‑25 in both directions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,222

Cap Rate

4.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,440 $684.4K

Cap Rate 7%

$488,886 $488.9K

Cap Rate 9%

$380,244 $380.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$51.3K $20.52/SF

− Vacancy

−$2.4K −$0.96/SF

EGI

$48.9K $19.56/SF

− OpEx

−$14.7K −$5.87/SF

NOI

$34.2K $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 Rate 5%

$684,440

Cap Rate 7%

$488,886

Cap Rate 9%

$380,244

Alternative Uses

Best Use

Retail

$488.9K

$427.8K – $570.4K (±1% cap)

NOI $34,222 @ 7.0% cap · market cap 4.30%

Second Best

Warehouse

$369.1K

$322.9K – $430.6K (±1% cap)

NOI $25,834 @ 7.0% cap · market cap 3.25%

Theoretical Best

Office A

$795.8K

$696.4K – $928.5K (±1% cap)

NOI $55,709 @ 7.0% cap · market cap 7.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Daycare Center Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,058

Businesses Nearby

Under-served

Demand for This Use

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

Average Price Trend$/SF for Flex space in Denver, CO

$299 Jul

$289 Aug

$264 Sep

$287 Oct

Properties on Market for Flex space in Denver

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Denver, CO

5.8% 2019

6.2% 2020

5.9% 2021

6.6% 2022

7% 2023

7.7% 2024

8.1% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Updated commercial property combining office, showroom, and warehouse components in a centrally positioned Denver setting.

Where is this flex space located?

The property is located at 1351 W Alameda Avenue Denver, CO.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Fully remodeled office/showroom property; Flex‑space configuration with office and warehouse components; Access to I‑25 in both directions