Historic Office Building with
1650 N Pennsylvania Street Denver, CO 80203
For Sale
$750,000
Turn-key historic office building with restored interiors, multiple offices, balconies, and a detached two-car garage.
Property Size2,500 SF
Price / SF$300
Days on Market39
Property Features for 1650 N Pennsylvania Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1896
Listing Agency:
LIV Sotheby's International Realty
(303) 720-1234
Listed By:
Ellen Keenan · License #40046236
(303) 720-1234
Source:
Exitrealty
Added: Jun 18
Changed: Jul 22
Last Checked: Jul 26 at 9:10AM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This historic office building was originally built in 1896 as the Guerrieri-DeCunto house and is listed in the National Register of Historic Places and the Historic Denver Registry. The finished interior includes five spacious rooms for office use, a reception room, a conference room area, a kitchenette, and full and half bathrooms. Several restored features are present throughout, including stained glass, exposed brick, original woodwork and hardware, and a frescoed ceiling in the reception space. The building also includes a hanging light on the second-floor landing dating to 1896 and a two-car detached garage. Recent improvements include new carpet, fresh interior paint, refinished wood flooring, and a roof replacement completed in 2017.
Each second-floor room provides access to its own balcony, adding outdoor space directly tied to the office layout.
Each second-floor room provides access to its own balcony, adding outdoor space directly tied to the office layout.
Key Highlights
- Historic property built in 1896 (Guerrieri‑DeCunto house) with National Register and Historic Denver Registry status
- Over 2,500 SF finished space with 5 rooms, full bath, half bath, conference area, reception room, and kitchenette
- Restored original details including frescoed ceiling, stained glass, exposed brick, woodwork, and original hardware
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.0k | $26.40 |
| − Vacancy | −$17.2k | −$6.86 |
| EGI | $48.8k | $19.54 |
| − OpEx | −$12.2k | −$4.88 |
| NOI | $36.6k | $14.65 |
2,500 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$523.3K
$457.9K – $610.5K
NOI $36,630 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.8K
$696.4K – $928.5K
NOI $55,709 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Adams Group
Surgical Supply Store
1650 Pennsylvania St ...
Parking Lot & Garage
FAQs
What type of property is this?
Office building - Turn-key historic office building with restored interiors, multiple offices, balconies, and a detached two-car garage.
Where is this office building located?
The property is located at 1650 N Pennsylvania Street Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Historic property built in 1896 (Guerrieri‑DeCunto house) with National Register and Historic Denver Registry status; Over 2,500 SF finished space with 5 rooms, full bath, half bath, conference area, reception room, and kitchenette; Restored original details including frescoed ceiling, stained glass, exposed brick, woodwork, and original hardware
