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    Medical Practice Building Near Hospitals Title is generated by Realmo AI

    1750 Race Street, Denver, CO 80206

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    For Sale
    $1,395,950

    Medical practice building near Denver hospitals and surgical centers.

    Type:Commercial
    Property size:
    3,064 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $455/SF
    Added:
    Jan 22, 2026
    Days on Market:
    133
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 1750 Race Street

    General Information

    Standard status
    Active
    Size
    3,064 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1952

    We can help!

    Listing Contact
    JIM LEUSCHNER
    JIM LEUSCHNER

    Listing agent JIM LEUSCHNER License #EP01318822

    Listing office RE/MAX ALLIANCE

    Listing date Jan 22, 2026

    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 RE/MAX ALLIANCE

    HighLights

    • Prime location blocks from major Denver hospitals and surgical centers.
    • Flexible space suitable for medical, dental, office, or redevelopment.
    • Ample parking with alley access.
    • First time on the market in 25 years.
    • Located blocks from Denver's City Park in a culturally rich and historical neighborhood.
    • Functional layout with waiting area, reception, exam rooms, private office, lab space, and flexible second story.

    Overview

    This is a unique opportunity to own a small family medical practice building. It is located just blocks from major Denver hospitals and surgical centers, in a culturally rich and historical neighborhood near Denver's City Park. The property, available for the first time in twenty-five years, is suitable for a continued medical practice or reconfiguration to dental, small executive office setup, or traditional office space. The building's layout includes a comfortable waiting area and a professional reception area. There is also space for record keeping and storage. Exam rooms and a hall bath are located across the hallway. On the south side, there is a private office currently used for doctor's private use and patient consultation. Further down the hallway, you'll find another 1/4 bath, a laboratory space, and an additional office. The second story features a bathroom and an open, flexible space. Ample parking is available behind the building with alley access. The property size is 3064 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dan Lumian MD Pediatrician

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Peace, Love & Paws — 1280 Vine St, Denver, CO 80206

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.963
    Latitude
    39.744

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    FAQs

    What type of property is this?
    Medical Office Space - Medical practice building near Denver hospitals and surgical centers.
    Where is this medical office space located?
    The property is located at 1750 Race Street Denver, CO.
    What is the asking price?
    The asking price for this property is $1,395,950.
    What are key features of this property?
    This property features: Prime location blocks from major Denver hospitals and surgical centers.; Flexible space suitable for medical, dental, office, or redevelopment.; Ample parking with alley access.
    (303) 841-0922
    We can help!
    Listing Contact
    JIM LEUSCHNER
    JIM LEUSCHNER
    Real Estate License ID: EP01318822
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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