Freestanding Retail
For Sale
Contact for pricing
1900 W Mississippi Ave, Denver, CO 80223
Versatile commercial building suited to retail and office operations with E-MX-3A zoning.
Property Size9,532 SF
Lot Size0.39 Acres
Price / SF$262.27
Days on Market11
Property Features for 1900 W Mississippi Ave
General Information
Standard status
Active
Size
9,532 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Zoning
E-MX-3A
Building Details
Year Built
1956
Buildings
1
Building Size
9,532 SF
Listing Agency:
Panorama Commercial Group LLC
(303) 996-0690
Listed By:
Hristos Katsaros
Source:
Moodyscre
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 2:08AM
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 LLC
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.
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 = 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
$130,483
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
5.22%
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%
$2,609,660
$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
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
$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 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%
$2,609,660
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
