Office Building with Flexible D-LD
For Sale
Contact for pricing
1948 Blake St, Denver, CO 80202
Adjacent to Coors Field in a high-pedestrian area near public transportation, with flexible D-LD zoning for many uses.
Property Size12,374 SF
Price / SF$242.44
Days on Market634
Property Features for 1948 Blake St
General Information
Standard status
Active
Size
12,374 SF
Property subtype
OFFICE
Zoning
d-ld
Additional Details
Public Transit
Yes
Listing Agency:
Henry Group Real Estate
(303) 625-7444
Listed By:
Montana Rae · License #FA01319334
(970) 618-6257
Source:
Moodyscre
Added: Nov 6, 2024
Changed: Jul 29
Last Checked: Jul 29 at 1:31PM
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 Henry Group Real Estate
Investment Insights
Based on property information with market context.
This office building offers 12,374 SF of commercial space in an excellent Lodo location adjacent to Coors Field. The available zoning is described as flexible D-LD, which allows for a multitude of uses, supporting a range of potential tenant and development strategies.
The property benefits from high pedestrian traffic and is near public transportation, which can be advantageous for customer-facing office users and employee access.
An adjacent property is also available for sale at 1962 Blake Street, providing an opportunity to consider expansion or combined site planning where appropriate.
The property benefits from high pedestrian traffic and is near public transportation, which can be advantageous for customer-facing office users and employee access.
An adjacent property is also available for sale at 1962 Blake Street, providing an opportunity to consider expansion or combined site planning where appropriate.
Key Highlights
- 12,374 SF office building
- Adjacent to Coors Field
- High pedestrian traffic area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.7k | $26.40 |
| − Vacancy | −$84.9k | −$6.86 |
| EGI | $241.7k | $19.54 |
| − OpEx | −$60.4k | −$4.88 |
| NOI | $181.3k | $14.65 |
12,374 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,304 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,736 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 80202, CO
19,606
Population
14,394
Households
1.4
Avg Household Size
34
Median Age
72%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
16,338
Density / Sq Mi
$110,372
Median Household Income
$80,331
Median Earnings
$2,246
Median Rent
$677,100
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Adjacent to Coors Field in a high-pedestrian area near public transportation, with flexible D-LD zoning for many uses.
Where is this office building located?
The property is located at 1948 Blake St Denver, CO.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 12,374 SF office building; Adjacent to Coors Field; High pedestrian traffic area
