1948 Blake St, Denver, CO 80202
Mixed-use property in LoDo, across from Coors Field.
- Added:
- Apr 10, 2024
- Days on Market:
- 808
- Last Refresh:
- May 12 at 9:24 pm
Property Features for 1948 Blake St
General Information
- Standard status
- Active
- Size
- 12,374 SF
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1890
Listing office The Henry Group LLC (720) 638-5520
Listing date Apr 10, 2024
Source Crexi
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 The Henry Group LLC
HighLights
- Prime location directly across the street from Coors Field.
- Located within the Lower Downtown Historic District.
- Positioned among various retailers, restaurants, and museums.
- High foot‑traffic counts.
- Major Price Reduction to $4,750,000.
- Year Built: 1890.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9943648
- Latitude
- 39.7538513
