Denver Mansion with Conversion Potential

1563 N Gaylord St, Denver, CO 80206

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For Sale

Contact for pricing

8,181 SF Denver mansion suitable for various uses.

Type:Office

Property size:

8,181 SF

Price / SF:

$281/SF

HighLights

8,181 SF mansion with 6 existing full bathrooms.
Potential conversion into 10+ unit multi‑family property.
Located in Central Denver, walking distance to amenities.
Zoning (G‑RO‑3) allows for 3‑story residential or office development.
In‑place income through September 2026.
Suitable for single family home, short‑term rentals, hostel, wellness offices, or school.

We can help!

Listing Contact

Katie Hummer

For Sale

Contact for pricing

8,181 SF Denver mansion suitable for various uses.

Type:Office

Property size:

8,181 SF

Price / SF:

$281/SF

Added:: Sep 29, 2022
Days on Market:: 1358
Last Refresh:: May 12 at 8:23 pm

Property Features for 1563 N Gaylord St

General Information

Standard status: Active
Size: 8,181 SF
Property subtype: Office

Building Details

Year Built: 1914

We can help!

Listing Contact

Katie Hummer

Listing agent Katie Hummer License #CO EI100005940

Listing office Kin Commerical Real Estate

Listing date Sep 29, 2022

Source Crexi

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 Commerical Real Estate

HighLights

8,181 SF mansion with 6 existing full bathrooms.
Potential conversion into 10+ unit multi‑family property.
Located in Central Denver, walking distance to amenities.
Zoning (G‑RO‑3) allows for 3‑story residential or office development.
In‑place income through September 2026.
Suitable for single family home, short‑term rentals, hostel, wellness offices, or school.

Overview

This 8,181 square foot mansion, constructed in 1914, is located in central Denver. The property is not designated as a historic building. It is currently generating income through September 2026. The property's zoning, G-RO-3, allows for a 3-story development of residential or office spaces. The property is uniquely set up for single family home ownership, short-term rentals, a hostel, wellness offices, or a school. The location provides walking distance access to groceries, restaurants, bars, entertainment, and music venues. It is situated three blocks from the Denver Public Carla Madison Recreation Center and City Park, with convenient access to Downtown Denver. The property has potential for conversion into studio suites for a 10+ unit multi-family property and features six existing full bathrooms.

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 5.40%

Second Best

Office B

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,868 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,301 @ 7.0% cap · market cap 7.93%

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: -104.9612322
Latitude: 39.7411804

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For sale
Office buildings
CO
Denver
80206
1563 N Gaylord St

What type of property is this?

Office building - 8,181 SF Denver mansion suitable for various uses.

Where is this office building located?

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

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: 8,181 SF mansion with 6 existing full bathrooms.; Potential conversion into 10+ unit multi‑family property.; Located in Central Denver, walking distance to amenities.