Ground-Floor Retail
For Sale
Contact for pricing
1515 Julian St, Denver, CO 80204
Tall ceilings and broad windows create a bright, flexible interior for customer-facing retail uses.
Property Size2,785 SF
Price / SF$341.11
Days on Market453
Property Features for 1515 Julian St
General Information
Standard status
Active
Size
2,785 SF
Property subtype
RETAIL
Additional Details
Floor
Ground
Listing Agency:
Madison Commercial Properties
(720) 739-5235
Listed By:
Shawna Soffa
Source:
Moodyscre
Added: Jun 4, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:46PM
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 Madison Commercial Properties
Investment Insights
Based on property information with market context.
This 2,785-square-foot ground-level retail condominium offers an adaptable commercial interior with elevated ceilings and substantial window area that brings natural light into the space. The configuration is positioned for a range of customer-oriented concepts, including health and wellness businesses, fitness or movement studios, beauty services, and health-focused cafés.
Located at 1515 Julian St in Denver, Colorado, the property is identified as eligible for tax credits and exemptions through the Colorado Enterprise Zone Program. Its combination of open retail potential, prominent glazing, and flexible use orientation supports a variety of specialized storefront concepts.
Located at 1515 Julian St in Denver, Colorado, the property is identified as eligible for tax credits and exemptions through the Colorado Enterprise Zone Program. Its combination of open retail potential, prominent glazing, and flexible use orientation supports a variety of specialized storefront concepts.
Key Highlights
- 2,785 SF ground‑floor retail condominium
- High ceilings and large windows provide abundant natural light
- Flexible layout for retail, wellness, fitness, beauty, or health‑oriented café concepts
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
$38,124
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
4.01%
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%
$762,480
$762.5K
Cap Rate 7%
$544,629
$544.6K
Cap Rate 9%
$423,600
$423.6K
Market Conditions
NOI Build-Up for 2,785 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
$57.1K $20.52/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$54.5K $19.56/SF
− OpEx
−$16.3K −$5.87/SF
NOI
$38.1K $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%
$762,480
Cap Rate 7%
$544,629
Cap Rate 9%
$423,600
Alternative Uses
Best Use
Retail
$544.6K
$476.6K – $635.4K
NOI $38,124 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,060 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
McDonald's
Dining
21,505 visits/mo
0.5 miles
Denny's
Dining
15,448 visits/mo
0.3 miles
Conoco
Shops & Services
7,149 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,037 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,693 visits/mo
0.1 miles
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 Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Tall ceilings and broad windows create a bright, flexible interior for customer-facing retail uses.
Where is this retail space located?
The property is located at 1515 Julian St Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,785 SF ground‑floor retail condominium; High ceilings and large windows provide abundant natural light; Flexible layout for retail, wellness, fitness, beauty, or health‑oriented café concepts
