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Contact for pricing
1755 S Broadway, Denver, CO 80210
Mixed-use properties
Property Size7,192 SF
Price / SF$387.93
Days on Market773
Property Features for 1755 S Broadway
General Information
Standard status
Active
Size
7,192 SF
Total Parking Spaces
12
Property subtype
Mixed Use
Zoning
U-MS-5
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$195,646
Building Details
Year Built
1961
Year Renovated
2022
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
Malman Real Estate
(720) 471-1763
Listed By:
Jake Malman · License #100099297
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 14
Last Checked: Aug 22 at 9:15AM
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 Malman Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- 100% leased mixed‑use asset with 11 apartment units and 2 retail units.
- 9 of 11 apartment units renovated in Summer 2022 with new hot water heaters, flooring, electrical, plumbing, paint, kitchens, and appliances.
- High visibility property on South Broadway.
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
$109,201
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
3.91%
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%
$2,184,020
$2.2M
Cap Rate 7%
$1,560,014
$1.6M
Cap Rate 9%
$1,213,344
$1.2M
Market Conditions
NOI Build-Up for 7,192 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
$211.4K $29.40/SF
− Vacancy
−$12.9K −$1.79/SF
EGI
$198.5K $27.61/SF
− OpEx
−$89.3K −$12.42/SF
NOI
$109.2K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$2,184,020
Cap Rate 7%
$1,560,014
Cap Rate 9%
$1,213,344
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,201 @ 7.0% cap · market cap 3.91%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,299 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,263 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 1755 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: 100% leased mixed‑use asset with 11 apartment units and 2 retail units.; 9 of 11 apartment units renovated in Summer 2022 with new hot water heaters, flooring, electrical, plumbing, paint, kitchens, and appliances.; High visibility property on South Broadway.
