Versatile Flex Building in
For Sale
$800,000
175 Pecos, Denver, CO 80223
Recently upgraded flex building with office and warehouse space for sale.
Property Size2,376 SF
Price / SF$336.70
Days on Market492
Property Features for 175 Pecos
General Information
Standard status
Active
Size
2,376 SF
Taxes and HOA fees
Annual Taxes
$13,694
Building Details
Year Built
1977
Listing Agency:
URBAN LUXE REAL ESTATE
Listed By:
DIONA GOUKER
(720) 300-0330
Source:
Corcoran
Added: Jun 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 URBAN LUXE REAL ESTATE
Investment Insights
Based on property information with market context.
This versatile flex building, recently upgraded, is available for sale or lease, presenting an opportunity for businesses seeking a functional and centrally located space in Denver. The property, with 2,376 square feet on a 6,173 square foot lot, features a layout that includes a reception area, a conference room, five private offices, a kitchen/break area, and a drive-in warehouse/storage space. Equipped with two oversized drive-in doors, the building is suited for companies needing both office and light industrial capabilities. Recent improvements to the property total over $240,000, creating a turnkey environment ready for occupancy. The property provides six dedicated off-street parking spaces, abundant free street parking, and a fully fenced 1,000 square foot yard suitable for additional storage or equipment. Located minutes from I-25 and 6th Avenue, at 175 S Pecos St, it offers access throughout the Denver metro area. Downtown Denver is 7 minutes away, Cherry Creek is 15 minutes away, the Denver Tech Center is 20 minutes away and Denver International Airport is 30 minutes away. Situated near the Baker and West Washington Park neighborhoods, the building is close to amenities, restaurants, and services. This flexible space is suited for a range of users, including businesses needing a mix of office and warehouse space, service providers, creative or technical teams, and others seeking an accessible and functional location in Denver.
Key Highlights
- Recently upgraded with over $240,000 in improvements, offering a modern, turnkey environment.
- Functional layout features a reception area, conference room, five private offices, kitchen/break area, and drive‑in warehouse/storage space.
- Excellent access to I‑25 and 6th Avenue provides convenient access to key Denver locations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,813
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,260
$696.3K
Cap Rate 7%
$497,329
$497.3K
Cap Rate 9%
$386,811
$386.8K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$62.7K $26.40/SF
− Vacancy
−$16.3K −$6.86/SF
EGI
$46.4K $19.54/SF
− OpEx
−$11.6K −$4.88/SF
NOI
$34.8K $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%
$696,260
Cap Rate 7%
$497,329
Cap Rate 9%
$386,811
Alternative Uses
Best Use
Office B
$497.3K
$435.2K – $580.2K
NOI $34,813 @ 7.0% cap · market cap 4.35%
Second Best
Warehouse
$350.8K
$306.9K – $409.2K
NOI $24,553 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$756.4K
$661.8K – $882.4K
NOI $52,946 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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.
Similar Off Market Nearby
- Three Tomatoes Catering — 255 Yuma St, Denver, CO 80223
- Magic Bar Coffee — 1155 W 5th Ave, Denver, CO 80204
Frequently Asked Questions
What type of property is this?
Flex space - Recently upgraded flex building with office and warehouse space for sale.
Where is this flex space located?
The property is located at 175 Pecos Denver, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Recently upgraded with over $240,000 in improvements, offering a modern, turnkey environment.; Functional layout features a reception area, conference room, five private offices, kitchen/break area, and drive‑in warehouse/storage space.; Excellent access to I‑25 and 6th Avenue provides convenient access to key Denver locations.
