Building Details

Building Size 6,819 SF

Year Built 1918

Listing Agency: Unique Properties, Inc

Listed By: Michael DeSantis · License #FA.100053000 Show Phone

Source: Uniqueprop

Added: Oct 13, 2025 Changed: Oct 13 Last Checked: Oct 12 at 6:33PM

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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 Unique Properties, Inc

Investment Insights

Based on property information with market context.

Located in Denver’s City Park West, this modernized professional property features high ceilings and polished finishes. The flexible layouts are ideal for architects, engineers, or creative users. Situated on a corner lot, the property includes on-site parking, providing visibility and accessibility. The building offers tech infrastructure, minimal buildout needs, and adaptable configurations for owner-users or investors. This move-in ready asset delivers long-term flexibility in an established neighborhood. The property has mature landscaping and offers onsite and street parking. It presents a live/work opportunity with full residential amenities and high-end finishes. Formerly used as a custom-built architecture office, the property has a total size of 9375 square feet.

Key Highlights

• Prime corner lot location in Denver's City Park West with excellent visibility and accessibility.
• Rare on‑site parking in a walkable, established neighborhood.
• Move‑in ready condition with HIGH‑END FINISHES and minimal buildout needs.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,912

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,998,240 $2.0M

Cap Rate 7%

$1,427,314 $1.4M

Cap Rate 9%

$1,110,133 $1.1M

Market Conditions

NOI Build-Up for 6,819 SF

Gross rent

$180.0K $26.40/SF

− Vacancy

−$46.8K −$6.86/SF

EGI

$133.2K $19.54/SF

− OpEx

−$33.3K −$4.88/SF

NOI

$99.9K $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 Rate 5%

$1,998,240

Cap Rate 7%

$1,427,314

Cap Rate 9%

$1,110,133

Alternative Uses

Best Use

Office B

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $99,912 @ 7.0% cap · market cap 5.01%

Second Best

Mixed Use

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,046 @ 7.0% cap · market cap 4.81%

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,951 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Studio PBA, Inc. Architect

Suggested Use

Top Pick Electrical Service Daycare Center Furniture & Home Goods Nail Salon Carpet & Flooring Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,526

Businesses Nearby

Explore this area Business Placement

Demographics for 80218, CO

19,484

Population

13,116

Households

1.5

Avg Household Size

35

Median Age

72%

College-Educated

98%

High-School Grad

1.6 sq mi

ZIP Area

12,178

Density / Sq Mi

$82,925

Median Household Income

$67,570

Median Earnings

$1,475

Median Rent

$653,900

Median Home Value

Market

Vacancy Rate% for Office in Denver, CO

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Move-in ready property in walkable neighborhood with flexible layouts.

Where is this office building located?

The property is located at 1575 N Gilpin St Denver, CO.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Prime corner lot location in Denver's City Park West with excellent visibility and accessibility.; Rare on‑site parking in a walkable, established neighborhood.; Move‑in ready condition with HIGH‑END FINISHES and minimal buildout needs.