Corner Office
For Sale
$1,900,000
1600 N Pennsylvania St, Denver, CO 80203
Office property with a historic building footprint and prominent corner placement in Denver.
Property Size18,806 SF
Lot Size0.09 Acres
Price / SF$274.77
Days on Market48
Property Features for 1600 N Pennsylvania St
General Information
Standard status
Active
Size
18,806 SF
Class
B
Lot size
0.09 Acres
Property subtype
Office
Building Details
Building Size
18,806 SF
Year Built
1925
Buildings
1
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Nick Schill · License #IA40017932
(303) 358-9337
Source:
Pinnaclerea
Added: Aug 21
Changed: Sep 6
Last Checked: Oct 5 at 5:07PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This office property includes one building totaling 6,915 square feet on a 4,012-square-foot lot. Built in 1925, the structure occupies the northeast corner of Pennsylvania Street and 16th Street in Denver, Colorado. The address is 1600 N Pennsylvania St, providing a clearly identified urban office location.
Key Highlights
- 6,915‑square‑foot office building
- 4,012‑square‑foot lot
- Constructed in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,319
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,380
$2.0M
Cap Rate 7%
$1,447,414
$1.4M
Cap Rate 9%
$1,125,767
$1.1M
Market Conditions
NOI Build-Up for 6,915 SF
Gross rent
$182.6K $26.40/SF
− Vacancy
−$47.5K −$6.86/SF
EGI
$135.1K $19.54/SF
− OpEx
−$33.8K −$4.88/SF
NOI
$101.3K $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%
$2,026,380
Cap Rate 7%
$1,447,414
Cap Rate 9%
$1,125,767
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,319 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,091 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property with a historic building footprint and prominent corner placement in Denver.
Where is this office building located?
The property is located at 1600 N Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 6,915‑square‑foot office building; 4,012‑square‑foot lot; Constructed in 1925
