Free-Standing Retail Building with
For Sale
$3,500,000
1666 N Lafayette St, Denver, CO 80218
Free-standing building with 24 street-facing units, expansive windows, and parking including an 18-space lot.
Property Size13,658 SF
Price / SF$256.26
Days on Market119
Property Features for 1666 N Lafayette St
General Information
Standard status
Active
Size
13,658 SF
Total Parking Spaces
18
Building Details
Year Built
1921
Tenancy
Multi
Listing Agency:
Kentwood Real Estate DTC, LLC
Listed By:
Kyle Malnati · License #40042617
(303) 773-3399
Source:
Hudsonstonegateteam
Added: May 12
Changed: Sep 6
Last Checked: Sep 6 at 10:52AM
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 Kentwood Real Estate DTC, LLC
Investment Insights
Based on property information with market context.
Introducing Lafayette Exchange at City Park West at 1658-1668 N Lafayette Street: a free-standing retail property configured with 24 individually sized, street-facing units. The building blends a brick façade and original architectural character with modern updates, and expansive windows are designed to bring natural light into the suites. In total, the property includes 41 rooms, including 3 kitchens and 7 restrooms, plus 2 terraces. There is also a double-height 2-car garage/store, complementing the ground-floor retail configuration.
The building is positioned on a tree-lined street just blocks from City Park, in a neighborhood with restaurants, cafés, markets, and other amenities. Accessibility is supported by ample off-street parking and an 18-space parking lot. Walk and bike accessibility data are provided as walkScore 93 and bikeScore 99, with transitScore 69 listed as well.
The building is positioned on a tree-lined street just blocks from City Park, in a neighborhood with restaurants, cafés, markets, and other amenities. Accessibility is supported by ample off-street parking and an 18-space parking lot. Walk and bike accessibility data are provided as walkScore 93 and bikeScore 99, with transitScore 69 listed as well.
Key Highlights
- Free‑standing commercial building built in 1921 with 24 individually sized, street‑facing units
- 41 rooms total including 3 kitchens and 7 restrooms, plus 2 terraces and a double‑height 2‑car garage/store
- Expansive windows and a brick facade designed for natural light and customer‑facing interiors
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
$186,963
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
5.34%
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%
$3,739,260
$3.7M
Cap Rate 7%
$2,670,900
$2.7M
Cap Rate 9%
$2,077,367
$2.1M
Market Conditions
NOI Build-Up for 13,658 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
$280.3K $20.52/SF
− Vacancy
−$13.2K −$0.96/SF
EGI
$267.1K $19.56/SF
− OpEx
−$80.1K −$5.87/SF
NOI
$187.0K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$3,739,260
Cap Rate 7%
$2,670,900
Cap Rate 9%
$2,077,367
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $186,963 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,348 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,946
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 33%
Groceries 21%
Hotels & Casinos 1%
Safeway
Groceries
32,927 visits/mo
0.5 miles
Wendy's
Dining
15,486 visits/mo
0.3 miles
Cheba Hut
Dining
10,478 visits/mo
0.5 miles
Conoco
Shops & Services
9,821 visits/mo
0.4 miles
Good Times Burgers & Frozen Custard
Dining
9,643 visits/mo
0.4 miles
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 Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Free-standing building with 24 street-facing units, expansive windows, and parking including an 18-space lot.
Where is this retail space located?
The property is located at 1666 N Lafayette St Denver, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Free‑standing commercial building built in 1921 with 24 individually sized, street‑facing units; 41 rooms total including 3 kitchens and 7 restrooms, plus 2 terraces and a double‑height 2‑car garage/store; Expansive windows and a brick facade designed for natural light and customer‑facing interiors
