Freestanding Retail
For Sale
$1,495,000
1395 W Alameda Avenue, Denver, CO 80223
Two-story masonry freestanding retail building with surface parking and strong frontage on a hard corner in Denver’s West submarket.
Property Size7,892 SF
Lot Size0.11 Acres
Price / SF$189.43
Days on Market64
Property Features for 1395 W Alameda Avenue
General Information
Standard status
Active
Size
7,892 SF
Lot size
0.11 Acres
Property subtype
Commercial/Industrial
Zoning
E-MX-3A
Additional Details
Traffic Count
31,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$34,528
Building Details
Year Built
1980
Stories
2
Listing Agency:
RE/MAX Professionals
(303) 669-5255
Listed By:
Lisa Nguyen · License #40045795
(303) 669-5255
Source:
Exitrealty
Added: Jun 22
Changed: Aug 24
Last Checked: Aug 23 at 9:48AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
1395 W Alameda Avenue is a 7,892-square-foot freestanding retail building built in 1982 with masonry construction and two floors. The property sits on a 0.11-acre corner parcel and includes surface parking, with frontage along a primary east-west arterial.
The building is located on a hard corner at W Alameda Avenue and S Pecos Street in Denver’s West submarket. The site is zoned E-MX-3A and permits a broad mix of commercial and residential uses up to three stories.
With approximately 31,000 vehicles per day passing the corner, the property offers a prominent retail location and supports both owner-user functionality and mixed-use redevelopment within the zoning parameters.
The building is located on a hard corner at W Alameda Avenue and S Pecos Street in Denver’s West submarket. The site is zoned E-MX-3A and permits a broad mix of commercial and residential uses up to three stories.
With approximately 31,000 vehicles per day passing the corner, the property offers a prominent retail location and supports both owner-user functionality and mixed-use redevelopment within the zoning parameters.
Key Highlights
- 7,892 SF two‑story freestanding retail building built in 1982 of masonry construction
- Located on a 0.11‑acre hard‑corner parcel at W Alameda Ave and S Pecos St in Denver’s West submarket
- Surface parking and strong frontage along one of West Denver’s primary east‑west arterials
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
$108,033
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
7.23%
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%
$2,160,660
$2.2M
Cap Rate 7%
$1,543,329
$1.5M
Cap Rate 9%
$1,200,367
$1.2M
Market Conditions
NOI Build-Up for 7,892 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
$161.9K $20.52/SF
− Vacancy
−$7.6K −$0.96/SF
EGI
$154.3K $19.56/SF
− OpEx
−$46.3K −$5.87/SF
NOI
$108.0K $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%
$2,160,660
Cap Rate 7%
$1,543,329
Cap Rate 9%
$1,200,367
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $108,033 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,862 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 45%
Home Improvements & Furnishings 6%
Dutch Bros. Coffee
Dining
27,788 visits/mo
0.3 miles
Conoco
Shops & Services
10,820 visits/mo
0.3 miles
Phillips 66
Shops & Services
9,352 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,380 visits/mo
0.3 miles
Little Caesars Pizza
Dining
8,234 visits/mo
0.2 miles
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 Retail 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?
Storefront property - Two-story masonry freestanding retail building with surface parking and strong frontage on a hard corner in Denver’s West submarket.
Where is this storefront property located?
The property is located at 1395 W Alameda Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 7,892 SF two‑story freestanding retail building built in 1982 of masonry construction; Located on a 0.11‑acre hard‑corner parcel at W Alameda Ave and S Pecos St in Denver’s West submarket; Surface parking and strong frontage along one of West Denver’s primary east‑west arterials
