Building Details

Year Built 1956

Buildings 1

Building Size 9,532 SF

Listing Agency: Panorama Commercial Group

Listed By: Hristos Katsaros · License #CO FA100073099 Show Phone

Source: Crexi

Added: Aug 25 Changed: Oct 13 Last Checked: Oct 12 at 6:40PM

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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 Panorama Commercial Group

Investment Insights

Based on property information with market context.

This freestanding retail property provides 9,532 square feet of commercial space on a 0.39-acre parcel with a 17,034-square-foot lot. The building dates to 1956 and offers a substantial footprint for retail, office, or a combination of both, subject to applicable requirements. The property and an existing business are offered separately.

Located at 1900 W Mississippi Ave in Denver, the property carries E-MX-3A zoning, providing a defined commercial land-use framework and potential for additional development or repositioning subject to municipal approvals. Its building scale and lot configuration support a range of retail-oriented plans within the existing structure.

Key Highlights

• 9,532 SF building on a 17,034 SF lot
• 0.39‑acre parcel
• 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 (±1% cap)

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 (±1% cap)

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

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Current Use

Home Again Furniture ... Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.7% 2019

7.4% 2020

6.5% 2021

5.4% 2022

5.2% 2023

4.8% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Versatile commercial building suited to retail and office operations with E-MX-3A zoning.

Where is this retail space located?

The property is located at 1900 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 building on a 17,034 SF lot; 0.39‑acre parcel; E‑MX‑3A zoning