Historic Office Building in
For Sale
$1,800,000
2009 Market Street, Denver, CO 80205
Two-story office building in Downtown Denver's entertainment district.
Property Size6,595 SF
Lot Size0.12 Acres
Price / SF$272.93
Days on Market204
Property Features for 2009 Market Street
General Information
Standard status
Active
Size
6,595 SF
Class
B
Lot size
0.12 Acres
Property subtype
Office
Building Details
Building Size
6,595 SF
Year Built
1886
Listing Agency:
Henry Group Real Estate
Listed By:
Patrick Henry · License #CO #ER.001319334
(303) 625-7444
Source:
Henrygroupre
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 14 at 8:01PM
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
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Investment Insights
Based on property information with market context.
Located in the heart of Downtown Denver, at 2009 Market St, this two-story, freestanding office building is situated in Denver's entertainment district, across from Coors Field. The property is a designated Historic Landmark and retains its historic charm, with renovations completed in 1994. The building offers 6,595 square feet of usable space, not including the basement, on a 0.12-acre lot. The layout includes conference rooms, private and shared offices, community spaces, and a wet bar. The property also features patio views. This location is suitable for a single tenant user seeking a central and highly trafficked location in the downtown area.
Key Highlights
- Prime Downtown Denver location in the entertainment district, across from Coors Field.
- Freestanding, two‑story office building.
- Designated Historic Landmark with elegant historic charm.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,630
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,932,600
$1.9M
Cap Rate 7%
$1,380,429
$1.4M
Cap Rate 9%
$1,073,667
$1.1M
Market Conditions
NOI Build-Up for 6,595 SF
Gross rent
$174.1K $26.40/SF
− Vacancy
−$45.3K −$6.86/SF
EGI
$128.8K $19.54/SF
− OpEx
−$32.2K −$4.88/SF
NOI
$96.6K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,932,600
Cap Rate 7%
$1,380,429
Cap Rate 9%
$1,073,667
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,630 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,960 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in Downtown Denver's entertainment district.
Where is this office building located?
The property is located at 2009 Market Street Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime Downtown Denver location in the entertainment district, across from Coors Field.; Freestanding, two‑story office building.; Designated Historic Landmark with elegant historic charm.
