Office Building with Covered
For Sale
Contact for pricing
1645-1655 Grant St, Denver, CO 80203
Office building zoned C-MX-12 with secure covered parking and a 1951 building updated in 2017.
Property Size17,160 SF
Lot Size0.31 Acres
Price / SF$244.76
Days on Market489
Property Features for 1645-1655 Grant St
General Information
Standard status
Active
Size
17,160 SF
Total Parking Spaces
18
Lot size
0.31 Acres
Property subtype
OFFICE
Zoning
C-MX-12
Site & Location
Neighborhood
North Capitol Hill
Building Details
Year Built
1951
Year Renovated
2017
Building Size
17,160 SF
Listing Agency:
Shames Makovsky
(303) 534-5005
Listed By:
Solomon Stark
(303) 888-0002
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Oct 26
Last Checked: Nov 1 at 9:29AM
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 Shames Makovsky
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers a total building size of 17,160 SF on a 13,340 SF lot. The property is zoned C-MX-12 and was built in 1951, with renovations completed in 2017. Secure parking is available with 18 covered spaces, supporting daily tenant and visitor access.
The building is located at 1645-1655 Grant St in Denver, CO 80203. Its size and parking configuration are suited for office users that prioritize convenient, protected parking.
With an established base built in the mid-20th century and updates completed in 2017, the property provides a straightforward office setting within the C-MX-12 zoning classification and includes on-site covered parking for 18 vehicles.
The building is located at 1645-1655 Grant St in Denver, CO 80203. Its size and parking configuration are suited for office users that prioritize convenient, protected parking.
With an established base built in the mid-20th century and updates completed in 2017, the property provides a straightforward office setting within the C-MX-12 zoning classification and includes on-site covered parking for 18 vehicles.
Key Highlights
- 17,160 SF office building on a 13,340 SF lot
- Zoned C‑MX‑12
- Built 1951, renovated 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,428
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,028,560
$5.0M
Cap Rate 7%
$3,591,829
$3.6M
Cap Rate 9%
$2,793,644
$2.8M
Market Conditions
NOI Build-Up for 17,160 SF
Gross rent
$453.0K $26.40/SF
− Vacancy
−$117.8K −$6.86/SF
EGI
$335.2K $19.54/SF
− OpEx
−$83.8K −$4.88/SF
NOI
$251.4K $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%
$5,028,560
Cap Rate 7%
$3,591,829
Cap Rate 9%
$2,793,644
Alternative Uses
Best Use
Office B
$3.59M
$3.14M – $4.19M
NOI $251,428 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,385 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,501
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
Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Office building zoned C-MX-12 with secure covered parking and a 1951 building updated in 2017.
Where is this office building located?
The property is located at 1645-1655 Grant St Denver, CO.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 17,160 SF office building on a 13,340 SF lot; Zoned C‑MX‑12; Built 1951, renovated 2017
