Multi-Tenant Retail
New
For Sale
$2,500,000
1900-1940 W Mississippi Ave, Denver, CO 80223
E-MX-3A zoning and a recently recoated roof support the property's commercial configuration.
Property Size9,532 SF
Price / SF$262.27
Days on Market2
Property Features for 1900-1940 W Mississippi Ave
General Information
Standard status
Active
Size
9,532 SF
Property subtype
Retail
Zoning
E-MX-3A
Additional Details
Traffic Count
18,000 vehicles/day
Building Details
Building Size
9,532 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
Antonoff & Co. Brokerage Inc.
Listed By:
Chris Katsaros
(303) 808-9383
Source:
Panoramacommercialgroup
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:29AM
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 Antonoff & Co. Brokerage Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises a 9,532 SF multi-tenant retail building constructed in 1956. Its roof has been recoated recently, and the property is zoned E-MX-3A. The operating furniture business is being offered separately from the real estate.
Located at 1900-1940 W Mississippi Ave in Denver, the property is on a street with approximately 18,000 vehicles per day in traffic, based on 2023 figures.
Located at 1900-1940 W Mississippi Ave in Denver, the property is on a street with approximately 18,000 vehicles per day in traffic, based on 2023 figures.
Key Highlights
- 9,532 SF multi‑tenant retail building
- Constructed in 1956
- E‑MX‑3A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,483
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,609,660
$2.6M
Cap Rate 7%
$1,864,043
$1.9M
Cap Rate 9%
$1,449,811
$1.4M
Market Conditions
NOI Build-Up for 9,532 SF
Gross rent
$195.6K $20.52/SF
− Vacancy
−$9.2K −$0.96/SF
EGI
$186.4K $19.56/SF
− OpEx
−$55.9K −$5.87/SF
NOI
$130.5K $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 Rate 5%
$2,609,660
Cap Rate 7%
$1,864,043
Cap Rate 9%
$1,449,811
Alternative Uses
Best Use
Retail
$1.86M
$1.63M – $2.17M
NOI $130,483 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.66M – $3.54M
NOI $212,407 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
10,171 visits/mo
0.0 miles
Shell
Shops & Services
7,682 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Retail space - E-MX-3A zoning and a recently recoated roof support the property's commercial configuration.
Where is this retail space located?
The property is located at 1900-1940 W Mississippi Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,532 SF multi‑tenant retail building; Constructed in 1956; E‑MX‑3A zoning
