Mixed-Use Retail/Office
For Sale
$1,035,000
1440 Blake Street Unit 150, Denver, CO 80202
Flexible commercial layout combines open retail space with private offices, reception, kitchenette, and exposed brick details.
Property Size2,469 SF
Price / SF$419.20
Days on Market32
Property Features for 1440 Blake Street Unit 150
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$20,341
Building Details
Building Size
2,469 SF
Year Built
1888
Listing Agency:
Century 21 Moore Real Estate
Listed By:
Brenda Moore · License #100034338
(720) 298-4544
Source:
Guidere
Added: Aug 12
Changed: Sep 11
Last Checked: Sep 12 at 8:40AM
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 Century 21 Moore Real Estate
Investment Insights
Based on property information with market context.
This mixed-use condominium combines retail and office functionality in a commercially adaptable layout. The interior includes an open retail area, five private offices, a reception space, exposed brick walls, and a kitchenette. Fourteen-foot ceilings add volume to the main space, while a 370 SF basement provides dedicated storage.
The property is located at 1440 Blake St in Denver, with access to Speer and I-25. Its retail and office configuration supports a range of commercial operations, while the existing partitioning allows private workspace and customer-facing areas to function within the same suite. The property is offered for sale, and the existing business may also be available separately.
The property is located at 1440 Blake St in Denver, with access to Speer and I-25. Its retail and office configuration supports a range of commercial operations, while the existing partitioning allows private workspace and customer-facing areas to function within the same suite. The property is offered for sale, and the existing business may also be available separately.
Key Highlights
- Mixed‑use retail and office condominium at 1440 Blake St
- Open retail floor plan with 5 offices and reception area
- 14' ceilings and exposed brick walls
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
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout combines open retail space with private offices, reception, kitchenette, and exposed brick details.
Where is this mixed-use property located?
The property is located at 1440 Blake Street Unit 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: Mixed‑use retail and office condominium at 1440 Blake St; Open retail floor plan with 5 offices and reception area; 14' ceilings and exposed brick walls
