Mixed-Use Property with Exposed
New
For Sale
$1,035,000
1440 Blake #150, Denver, CO 80202
Combined retail and office configuration with reception, kitchenette, tall ceilings, and flexible interior space.
Property Size2,469 SF
Price / SF$419.20
Days on Market4
Property Features for 1440 Blake #150
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
HOA Fee
$1,200
Office Units
1
Taxes and HOA fees
Annual Taxes
$20,341
Amenities
reception area
Kitchenette
basement storage
Central air
Accessible Elevator Installed
Alley
Central Air Cooling
Common Heating
Curbs
Forced Air Heating
Gutters
Paved
Public Elevator
Rubber Roof
Sidewalks
Street Light
Building Details
Year Built
1888
Tenancy
Single
Listing Agency:
Becky Lyall R.E.
(303) 548-5471
Listed By:
BECKY LYALL
Source:
Corcoran
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 6:56AM
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 Denver mixed-use condominium combines retail and office functions within a 2,469-square-foot interior. The layout includes an open retail area, five private offices, a reception area, and a kitchenette. Exposed brick contributes a distinct character, while 14-foot ceilings add volume to the space. A 370-square-foot basement provides additional storage.
Located at 1440 Blake #150, the property offers access to Speer and I-25, with retail and office visibility along the surrounding streets. The building dates to 1888, and the HOA includes all utilities. The combination of open commercial area, dedicated offices, reception space, and basement storage supports a range of business configurations within a single condominium.
Located at 1440 Blake #150, the property offers access to Speer and I-25, with retail and office visibility along the surrounding streets. The building dates to 1888, and the HOA includes all utilities. The combination of open commercial area, dedicated offices, reception space, and basement storage supports a range of business configurations within a single condominium.
Key Highlights
- 2,469 SF retail and office condominium at 1440 Blake #150
- Open retail floor plan with 5 offices, reception area, and kitchenette
- 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
Mixed Use
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 3.36%
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
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined retail and office configuration with reception, kitchenette, tall ceilings, and flexible interior space.
Where is this mixed-use property located?
The property is located at 1440 Blake #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 at 1440 Blake #150; Open retail floor plan with 5 offices, reception area, and kitchenette; Exposed brick walls and 14' ceilings
