Live/Work Condo in
For Sale
$735,000
209 Kalamath St Unit 17, Denver, CO 80223
Contemporary live/work condo with flexible zoning and convenient location.
Property Size2,313 SF
Price / SF$317.77
Days on Market181
Property Features for 209 Kalamath St Unit 17
General Information
Standard status
Active
Size
2,313 SF
Building Details
Year Built
1951
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Eric Shaw · License #FA40016996
(303) 962-9551
Source:
Pathhometeam
Added: Apr 22
Changed: Oct 2
Last Checked: Oct 7 at 1:20PM
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 Pinnacle Real Estate Advisors
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Investment Insights
Based on property information with market context.
This property represents an iconic adaptive reuse of an industrial space, transformed into a contemporary live/work condominium. The distinctive character is highlighted by high ceilings, contemporary finishes, abundant natural light, and polished concrete floors. Situated along Kalamath Street, the location provides excellent access to public transportation and light rail. The flexible I-MX-3 zoning accommodates a wide range of uses, including residential, office, showroom, retail, gallery, and live-work spaces. The seller is open to including the furniture in the sale. The HOA fees are approximately $976 per month. The property has a bike score of 81, indicating it is very bikeable, a walk score of 90, designating it as a walker's paradise, and a transit score of 50, reflecting good transit options. The seller requires 90 days post-closing to move out.
Key Highlights
- Walker's Paradise: With a Walk Score of 90, enjoy excellent walkability to nearby amenities.
- Flexible I‑MX‑3 Zoning: Allows for residential, office, showroom, retail, gallery, and live‑work.
- Contemporary Live/Work Condominiums: Adaptive reuse of an industrial property with distinctive character.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,890
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,800
$677.8K
Cap Rate 7%
$484,143
$484.1K
Cap Rate 9%
$376,556
$376.6K
Market Conditions
NOI Build-Up for 2,313 SF
Gross rent
$61.1K $26.40/SF
− Vacancy
−$15.9K −$6.86/SF
EGI
$45.2K $19.54/SF
− OpEx
−$11.3K −$4.88/SF
NOI
$33.9K $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%
$677,800
Cap Rate 7%
$484,143
Cap Rate 9%
$376,556
Alternative Uses
Best Use
Office B
$484.1K
$423.6K – $564.8K
NOI $33,890 @ 7.0% cap · market cap 4.61%
Second Best
Mixed Use
$465.4K
$407.2K – $543.0K
NOI $32,579 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,134
Businesses Nearby
Explore this area
Business Placement
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
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?
Mixed-use property - Contemporary live/work condo with flexible zoning and convenient location.
Where is this mixed-use property located?
The property is located at 209 Kalamath St Unit 17 Denver, CO.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Walker's Paradise: With a Walk Score of 90, enjoy excellent walkability to nearby amenities.; Flexible I‑MX‑3 Zoning: Allows for residential, office, showroom, retail, gallery, and live‑work.; Contemporary Live/Work Condominiums: Adaptive reuse of an industrial property with distinctive character.
