Two-Building Campus on Corner
For Sale
Contact for pricing
1594 W Alameda Ave, Denver, CO 80223
Two-building campus with recent upgrades and flexible zoning.
Property Size3,000 SF
Price / SF$283
Days on Market187
Property Features for 1594 W Alameda Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Zoning
E-MX-3A
Listing Agency:
Unique Properties, Inc
(303) 521-3648
Listed By:
Greg Knott · License #CO FA.001312096
Source:
Crexi
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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.
This property features a two-building campus situated on the corner of West Alameda Avenue and South Tejon Street. The property offers exposure and access. Recent upgrades to both buildings include new electrical service, paint, and flooring. The garage space is suitable for storage or small warehousing. Additional yard space is available in the rear for outdoor storage. The flexible zoning allows for a variety of uses including auto dealership, auto repair, retail, service, and live-work. The property size is 3000 square feet.
Key Highlights
- High‑traffic corner location at W Alameda Ave and S Tejon St offering excellent exposure and access.
- Flexible zoning allows for a variety of uses (auto dealership, auto repair, retail, service, live/work).
- Recent upgrades including new electrical service, paint, and flooring.
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
$27,986
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
3.30%
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%
$559,720
$559.7K
Cap Rate 7%
$399,800
$399.8K
Cap Rate 9%
$310,956
$311.0K
Market Conditions
NOI Build-Up for 3,000 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
$46.8K $15.60/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$43.1K $14.35/SF
− OpEx
−$15.1K −$5.02/SF
NOI
$28.0K $9.33/SF
Area
Denver, CO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$559,720
Cap Rate 7%
$399,800
Cap Rate 9%
$310,956
Alternative Uses
Best Use
Flex RnD
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$364.0K
$318.5K – $424.7K
NOI $25,480 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$955.0K
$835.6K – $1.11M
NOI $66,851 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Three Tomatoes Catering — 255 Yuma St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Flex space - Two-building campus with recent upgrades and flexible zoning.
Where is this flex space located?
The property is located at 1594 W Alameda Ave Denver, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: High‑traffic corner location at W Alameda Ave and S Tejon St offering excellent exposure and access.; Flexible zoning allows for a variety of uses (auto dealership, auto repair, retail, service, live/work).; Recent upgrades including new electrical service, paint, and flooring.
