Storefront Retail Property with
New
For Sale
$650,000
1832 S Broadway, Denver, CO 80210
Retail space with rear parking, enclosed outdoor area, basement storage, and climate control along an established commercial corridor.
Property Size2,500 SF
Price / SF$260
Days on Market4
Property Features for 1832 S Broadway
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
4
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,834
Amenities
large fenced outdoor area
full basement
heating and air conditioning
Building Details
Building Size
2,500 SF
Year Built
1926
Units
1
Listing Agency:
Capital Property Group LLC
(303) 204-4464
Listed By:
Josh Horwitz · License #100076396
(303) 204-4464
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 20 at 8:42AM
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 Capital Property Group LLC
Investment Insights
Based on property information with market context.
This 2,500-square-foot storefront retail property at 1832 S. Broadway includes a full basement that can support storage or additional workspace. The building also provides heating and air conditioning, four rear parking spaces, and a sizable fenced outdoor area. Built in 1926, the property offers a combination of front-of-house retail space and supporting functional areas.
The site is positioned on South Broadway between Colorado Avenue and Jewell Avenue in Denver. Approximately 35,000 vehicles travel along South Broadway each day, providing substantial roadside exposure. The property is identified as suitable for retail, service, office, and restaurant concepts, with the surrounding commercial corridor and nearby residential areas contributing to its urban setting.
The site is positioned on South Broadway between Colorado Avenue and Jewell Avenue in Denver. Approximately 35,000 vehicles travel along South Broadway each day, providing substantial roadside exposure. The property is identified as suitable for retail, service, office, and restaurant concepts, with the surrounding commercial corridor and nearby residential areas contributing to its urban setting.
Key Highlights
- 2,500 total square feet of storefront retail space
- Full basement for storage or additional workspace
- Four rear parking spaces
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
$34,222
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
5.26%
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%
$684,440
$684.4K
Cap Rate 7%
$488,886
$488.9K
Cap Rate 9%
$380,244
$380.2K
Market Conditions
NOI Build-Up for 2,500 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
$51.3K $20.52/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$48.9K $19.56/SF
− OpEx
−$14.7K −$5.87/SF
NOI
$34.2K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$684,440
Cap Rate 7%
$488,886
Cap Rate 9%
$380,244
Alternative Uses
Best Use
Retail
$488.9K
$427.8K – $570.4K
NOI $34,222 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.8K
$696.4K – $928.5K
NOI $55,709 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13,479
Businesses Nearby
261k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 79%
Dining 8%
Apparel 7%
Shops & Services 6%
Embassy Suites By Hilton Denver Downtown Convention Center
Hotels & Casinos
68,134 visits/mo
0.4 miles
Sheraton Denver Downtown Hotel
Hotels & Casinos
26,787 visits/mo
0.2 miles
the Curtis Denver a DoubleTree by Hilton Hotel
Hotels & Casinos
19,809 visits/mo
0.5 miles
Ross Dress for Less
Apparel
18,597 visits/mo
0.3 miles
Hyatt Place Denver/Downtown
Hotels & Casinos
14,580 visits/mo
0.4 miles
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 Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail space with rear parking, enclosed outdoor area, basement storage, and climate control along an established commercial corridor.
Where is this storefront property located?
The property is located at 1832 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,500 total square feet of storefront retail space; Full basement for storage or additional workspace; Four rear parking spaces
