Denver Mansion with Development Potential

1563 Gaylord St, Denver, CO

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For Sale

Contact for pricing

8,181 SF mansion with development potential in central Denver.

Type:OFFICE

Property size:

8,181 SF

Lot size:

0.28 Acres

Price / SF:

$207/SF

HighLights

Grand 8,181 SF mansion on a 6,250 SF lot in central Denver.
Zoning (G‑RO‑3) allows for 3‑story residential or office development.
Potential for conversion into a 10+ unit multi‑family property.
Suitable for various uses: law offices, professional services, single‑family home, short‑term rentals, hostel, wellness offices, or school.
Features 6 existing full bathrooms.
Includes 20 parking spaces on the developable lot.

We can help!

Listing Contact

Katie Hummer

For Sale

Contact for pricing

8,181 SF mansion with development potential in central Denver.

Type:OFFICE

Property size:

8,181 SF

Lot size:

0.28 Acres

Price / SF:

$207/SF

Added:: Jan 2, 2020
Days on Market:: 2358
Last Refresh:: May 19 at 9:18 pm

Property Features for 1563 Gaylord St

General Information

Standard status: Active
Size: 8,181 SF
Lot size: 0.28 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Katie Hummer

Listing agent Katie Hummer

Listing office Kin Commercial

Listing date Jan 2, 2020

Source Moodyscre

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 Kin Commercial

HighLights

Grand 8,181 SF mansion on a 6,250 SF lot in central Denver.
Zoning (G‑RO‑3) allows for 3‑story residential or office development.
Potential for conversion into a 10+ unit multi‑family property.
Suitable for various uses: law offices, professional services, single‑family home, short‑term rentals, hostel, wellness offices, or school.
Features 6 existing full bathrooms.
Includes 20 parking spaces on the developable lot.

Overview

The property features an 8,181 square foot mansion constructed in 1914, situated on a 6,250 square foot lot in central Denver. The building is not designated as historic. The zoning, G-RO-3, permits the development of residential or office spaces up to three stories. The property is suitable for conversion into a multi-family property with the potential for 10 or more studio suites, and it includes six full bathrooms. The property is also suited for law offices and professional services. Other potential uses include a single-family home, short-term rentals, a hostel, wellness offices, or a school. An adjacent 6,250 square foot developable lot is currently used for 20 parking spaces.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$240.5k	$29.40
− Vacancy	−$14.7k	−$1.79
EGI	$225.8k	$27.61
− OpEx	−$101.6k	−$12.42
NOI	$124.2k	$15.18

8,181 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $124,217 @ 7.0% cap · market cap 7.31%

Second Best

Office B

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,868 @ 7.0% cap · market cap 7.05%

Theoretical Best

Office A

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,301 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Buescher Goldhammer Kelman Law Firm Beasley Christopher Law Firm Perera Naomi Law Firm Mindy Greenwald, Attorney ... Law Firm Dodge Shelley Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.961
Latitude: 39.7412

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For sale
Office buildings
CO
Denver
1563 Gaylord St

What type of property is this?

Office building - 8,181 SF mansion with development potential in central Denver.

Where is this office building located?

The property is located at 1563 Gaylord St Denver, CO.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Grand 8,181 SF mansion on a 6,250 SF lot in central Denver.; Zoning (G‑RO‑3) allows for 3‑story residential or office development.; Potential for conversion into a 10+ unit multi‑family property.

1563 Gaylord St, Denver, CO

8,181 SF mansion with development potential in central Denver.

Property Features for 1563 Gaylord St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Building on Colfax

Retail Investment Opportunity in Denver

Turnkey Retail Salon & Med Spa

Renovated Triplex in West Wash

Updated Duplex in Hale Neighborhood

Denver Restaurant Opportunity on Broadway

Duplex with Two 2BR Units

Freestanding Retail Building with Upper Space

Versatile Warehouse/Storage Unit in Denver

Automotive Dealership on Colfax Avenue

Two-Building Opportunity in Denver

Industrial Property in West Broadway

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