Denver Mixed-Use Multifamily and
1721 N High Street, Denver, CO 80218
Mixed-use multifamily and office property in Denver's City Park West.
Type:Commercial
Property size:
8,767 SFPrice / SF:
$199/SF- Added:
- Aug 6, 2025
- Days on Market:
- 301
- Last Refresh:
- May 10 at 11:28 pm
Property Features for 1721 N High Street
General Information
- Standard status
- Active
- Size
- 8,767 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1894
Listing agent ERIK CARMAN License #100067438
Listing office COMPASS - DENVER (303) 536-1786
Listing date Aug 6, 2025
Source Corcoran
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 COMPASS - DENVER
HighLights
- Stable in‑place income of $14,450/month from a mix of commercial and residential tenants.
- Significant capital improvements of approximately $500K since 2022.
- Located in Denver's highly walkable and historic City Park West neighborhood.
- Flexible exit options including lot split, residential conversion, or repositioning for commercial offices.
- Zoned G‑RO‑3, allowing for both multifamily and commercial uses.
- Long‑term office lease in place through August 2029 with 3% annual escalations.
Overview
Located in Denver’s City Park West neighborhood, the property at 1721-1725 N High St is an 8,500 SF mixed-use property featuring multifamily and office spaces. Constructed in 1894 on a 0.20-acre lot, the building has been updated for commercial and residential use, with approximately $500K in capital improvements completed since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, achieving $8,500 per month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250 per month. The remaining 4BR/1.5BA unit is rented at $3750 per month. The property offers flexible exit optionality, including executing a lot split, converting units to pure residential, or repositioning for executive commercial offices.
Local Financial Insights For Apartment 5plus
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 | $257.7k | $29.40 |
| − Vacancy | −$15.7k | −$1.79 |
| EGI | $242.0k | $27.61 |
| − OpEx | −$108.9k | −$12.42 |
| NOI | $133.1k | $15.18 |
8,767 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.22M
NOI $133,115 @ 7.0% cap · market cap 7.61%
Second Best
Office B
$1.84M
$1.61M – $2.14M
NOI $128,454 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,360 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
W C Traylor ...
Law Firm
Jones Law Firm ...
Law Firm
Rone Law Office
Law Firm
Michael Webb Counseling
Counselor
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.965
- Latitude
- 39.7437
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FAQs
What type of property is this?
Mixed-use property - Mixed-use multifamily and office property in Denver's City Park West.
Where is this mixed-use property located?
The property is located at 1721 N High Street Denver, CO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Stable in‑place income of $14,450/month from a mix of commercial and residential tenants.; Significant capital improvements of approximately $500K since 2022.; Located in Denver's highly walkable and historic City Park West neighborhood.
