For Sale
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1755 S Broadway, Denver, CO 80210
Mixed-use properties
Property Size7,192 SF
Price / SF$387.93
Days on Market819
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
Listed By:
Jake Malman · License #100099297
(720) 471-1763
Source:
Crexi
Added: Jul 11, 2024
Changed: Oct 7
Last Checked: Oct 7 at 11:52AM
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 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 / Yr
$109,201
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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.
