Retail Space with Exposed
New
For Sale
$1,035,000
1440 Blake St 150, Denver, CO 80202
Storefront layout includes private offices, reception, kitchenette, and basement storage for retail or office operations.
Property Size2,839 SF
Price / SF$419.20
Days on Market3
Property Features for 1440 Blake St 150
General Information
Standard status
Active
Size
2,839 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$20,341
Amenities
open retail floor plan
5 offices
reception area
exposed brick walls
Kitchenette
14' ceilings
large storage in basement
Building Details
Building Size
2,839 SF
Year Built
1888
Listing Agency:
Becky Lyall R.E.
(970) 593-9002
Listed By:
Non-IRES Agent
(970) 593-9002
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 8:03AM
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 Becky Lyall R.E.
Investment Insights
Based on property information with market context.
This retail condominium combines an open sales floor with five offices, a reception area, kitchenette, and exposed brick interior walls. The property contains 2,469 square feet above grade, with 14-foot ceilings and an additional 370-square-foot basement storage area. Its configuration accommodates retail presentation alongside administrative and support functions.
Built in 1888, the property is located at 1440 Blake St 150 in Denver. The site offers access to Speer and I-25, with parking available across the street at Palace Lofts and additional parking lot spaces at the end of the street. WalkScore is 98, BikeScore is 94, and TransitScore is 86.
Built in 1888, the property is located at 1440 Blake St 150 in Denver. The site offers access to Speer and I-25, with parking available across the street at Palace Lofts and additional parking lot spaces at the end of the street. WalkScore is 98, BikeScore is 94, and TransitScore is 86.
Key Highlights
- 2,469 sf retail and office condominium
- Open retail floor plan with 5 offices and reception area
- Exposed brick walls and 14' ceilings
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
$36,176
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
3.50%
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%
$723,520
$723.5K
Cap Rate 7%
$516,800
$516.8K
Cap Rate 9%
$401,956
$402.0K
Market Conditions
NOI Build-Up for 2,469 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
$65.2K $26.40/SF
− Vacancy
−$16.9K −$6.86/SF
EGI
$48.2K $19.54/SF
− OpEx
−$12.1K −$4.88/SF
NOI
$36.2K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$723,520
Cap Rate 7%
$516,800
Cap Rate 9%
$401,956
Alternative Uses
Best Use
Office B
$516.8K
$452.2K – $602.9K
NOI $36,176 @ 7.0% cap · market cap 3.50%
Second Best
Retail
$482.8K
$422.5K – $563.3K
NOI $33,798 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$786.0K
$687.7K – $917.0K
NOI $55,018 @ 7.0% cap · market cap 5.32%
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
10,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 80202, CO
19,606
Population
14,394
Households
1.4
Avg Household Size
34
Median Age
72%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
16,338
Density / Sq Mi
$110,372
Median Household Income
$80,331
Median Earnings
$2,246
Median Rent
$677,100
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Storefront layout includes private offices, reception, kitchenette, and basement storage for retail or office operations.
Where is this retail space located?
The property is located at 1440 Blake St 150 Denver, CO.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 2,469 sf retail and office condominium; Open retail floor plan with 5 offices and reception area; Exposed brick walls and 14' ceilings
