Modern New-Construction
For Sale
$1,250,000
1448 Stuart St, Denver, CO 80204
Three-level residence with designer finishes, indoor-outdoor living features, EV-ready garage capacity, and rooftop structural flexibility.
Property Size3,005 SF
Days on Market23
Property Features for 1448 Stuart St
General Information
Standard status
Active
Size
3,005 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,070
Building Details
Building Size
3,005 SF
Year Built
2025
Construction
California Contemporary
Listing Agency:
RE/MAX Professionals
(303) 947-7743
Listed By:
Michele Gwin · License #100056149
(303) 947-7743
Source:
Guidere
Added: Aug 8
Changed: Aug 17
Last Checked: Aug 29 at 3:57PM
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.
Completed in 2025, this duplex residence presents a modern three-level layout with expansive accordion glass doors on the main level and third floor. Interior specifications include 5-inch White Oak hardwood flooring, black-and-white quartz countertops, custom Closet by Design systems, a wine and beverage cooler, second-floor laundry, main-level HVAC, and pre-installed glass shower doors. The oversized garage is EV-ready and engineered for a future golf simulator. Energy-related features include a white membrane roof, crawl-space vapor barrier, and rooftop structural capacity for a future garden, entertainment area, or turf installation.
The property is adjacent to Denver's Historic Stuart Street District and near the Alamo Drafthouse Cinema, an elementary school, Empower Field at Mile High, RTD Light Rail, Sloan's Lake, LoHi, downtown Denver, restaurants, breweries, and shopping.
The property is adjacent to Denver's Historic Stuart Street District and near the Alamo Drafthouse Cinema, an elementary school, Empower Field at Mile High, RTD Light Rail, Sloan's Lake, LoHi, downtown Denver, restaurants, breweries, and shopping.
Key Highlights
- 2025‑built duplex with three‑level residential layout
- Accordion glass doors on the main level and third floor
- 5‑inch White Oak hardwood floors and black‑and‑white quartz countertops
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
$49,939
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
4.00%
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%
$998,780
$998.8K
Cap Rate 7%
$713,414
$713.4K
Cap Rate 9%
$554,878
$554.9K
Market Conditions
NOI Build-Up for 3,005 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
$75.7K $25.20/SF
− Vacancy
−$4.4K −$1.46/SF
EGI
$71.3K $23.74/SF
− OpEx
−$21.4K −$7.12/SF
NOI
$49.9K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /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%
$998,780
Cap Rate 7%
$713,414
Cap Rate 9%
$554,878
Alternative Uses
Best Use
Multifamily LT 5
$713.4K
$624.2K – $832.3K
NOI $49,939 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$651.8K
$570.3K – $760.5K
NOI $45,627 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$956.6K
$837.0K – $1.12M
NOI $66,962 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level residence with designer finishes, indoor-outdoor living features, EV-ready garage capacity, and rooftop structural flexibility.
Where is this duplex located?
The property is located at 1448 Stuart St Denver, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2025‑built duplex with three‑level residential layout; Accordion glass doors on the main level and third floor; 5‑inch White Oak hardwood floors and black‑and‑white quartz countertops
