Two-Unit Retail Storefront
For Sale
$1,495,000
1428-1432 S Broadway, Denver, CO 80210
Two adjacent storefront units total 5,696 SF with a back loft area for flexible reconfiguration or occupancy.
Property Size5,696 SF
Price / SF$262.46
Days on Market70
Property Features for 1428-1432 S Broadway
General Information
Standard status
Active
Size
5,696 SF
Property subtype
Commercial
Occupancy
57%
Net Operating Income
$91,161
Building Details
Building Size
5,696 SF
Year Built
1966
Tenancy
Multi
Listed By:
Adam Gower · License #EA.100048121 (CO)
(720) 677-8902
Source:
Matthews
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 3 at 2:39AM
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 Adam Gower
Investment Insights
Based on property information with market context.
This two-unit retail storefront building totals 5,696 square feet across two storefront spaces, with an existing loft area in the back of the building. The layout supports flexible reconfiguration between the front storefronts and the rear loft space to accommodate a variety of retail or service-oriented uses.
Located at 1428–1432 S Broadway in Denver, the property offers direct exposure along a heavily trafficked retail corridor, supported by dense surrounding residential communities and the established Platt Park neighborhood. The seller indicates seller financing is available.
With two tenant-ready storefronts and an additional rear loft area, the building can work for an owner-occupant strategy or a lease-up approach following closing.
Located at 1428–1432 S Broadway in Denver, the property offers direct exposure along a heavily trafficked retail corridor, supported by dense surrounding residential communities and the established Platt Park neighborhood. The seller indicates seller financing is available.
With two tenant-ready storefronts and an additional rear loft area, the building can work for an owner-occupant strategy or a lease-up approach following closing.
Key Highlights
- 1966‑built retail property on South Broadway with direct exposure on Denver’s heavily trafficked retail corridor
- Two adjacent storefront units totaling 5,696 SF, plus an existing back loft area for flexible reconfiguration or occupancy
- Two‑tenant retail configuration designed to support retail or service‑oriented tenancy options
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
$77,972
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
5.22%
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%
$1,559,440
$1.6M
Cap Rate 7%
$1,113,886
$1.1M
Cap Rate 9%
$866,356
$866.4K
Market Conditions
NOI Build-Up for 5,696 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
$116.9K $20.52/SF
− Vacancy
−$5.5K −$0.96/SF
EGI
$111.4K $19.56/SF
− OpEx
−$33.4K −$5.87/SF
NOI
$78.0K $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%
$1,559,440
Cap Rate 7%
$1,113,886
Cap Rate 9%
$866,356
Alternative Uses
Best Use
Retail
$1.11M
$974.7K – $1.30M
NOI $77,972 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,927 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
101k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 30%
Groceries 14%
Apparel 12%
Circle K
Shops & Services
24,241 visits/mo
0.3 miles
McDonald's
Dining
23,743 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
14,430 visits/mo
0.5 miles
Arc Thrift Store
Apparel
12,509 visits/mo
0.1 miles
Starbucks
Dining
6,480 visits/mo
0.4 miles
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
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.
Similar Off Market Nearby
- 24Flow Del99, LLC — 1835 s broadway, denver, co 80210
- Juniper & Honey Floral Designs — 1460 S Broadway, Denver, CO 80210
- Nice Stems Florist — 1457 Old South Pearl, Denver, CO 80210
Frequently Asked Questions
What type of property is this?
Storefront property - Two adjacent storefront units total 5,696 SF with a back loft area for flexible reconfiguration or occupancy.
Where is this storefront property located?
The property is located at 1428-1432 S Broadway 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: 1966‑built retail property on South Broadway with direct exposure on Denver’s heavily trafficked retail corridor; Two adjacent storefront units totaling 5,696 SF, plus an existing back loft area for flexible reconfiguration or occupancy; Two‑tenant retail configuration designed to support retail or service‑oriented tenancy options
