LoHi Mixed-Use
For Sale
$2,750,000
2101-2111 W 29th Ave, Denver, CO 80211
Iconic property near Denver's urban core with mixed-use potential.
Property Size10,932 SF
Days on Market111
Property Features for 2101-2111 W 29th Ave
General Information
Standard status
Active
Size
10,932 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$37,293
Building Details
Building Size
10,932 SF
Year Built
1887
Stories
3
Units
4
Listing Agency:
Unique Properties, Inc.
(201) 274-5768
Listed By:
Brett MacDougall · License #FA.100049630
(201) 274-5768
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 11 at 11:43AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
Located at the entrance to Lower Highland (LoHi), this property presents an opportunity to own a building at the crossroads of Denver’s lifestyle amenities, with dining, entertainment, sports venues, retail, and outdoor recreation nearby. The property has visibility and a view down the 15th Street corridor, which can be seen from Denver’s CBD. The location is walkable and bike-friendly, with access to Platte Street, Commons Park, Confluence Park, and the Cherry Creek Bike Path. Transportation connectivity is facilitated by access points to I-25, Speer Boulevard, and Central Street. Zoned U-MS-3, the current configuration features a mix of commercial uses, including collaborative office and retail space, a live/work art gallery studio, a large-volume photography studio with ceilings, additional live/work space, and flex/storage areas. Future potential includes mixed-use development opportunities. The location has a bike score of 90, a walk score of 92, and a transit score of 84.
Key Highlights
- Prime LoHi location offering unmatched access to dining, entertainment, and recreation.
- Excellent walkability (92 Walk Score) and bike‑friendly environment (90 Bike Score).
- Zoned U‑MS‑3, allowing for a mix of commercial uses.
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
$160,176
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
5.82%
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%
$3,203,520
$3.2M
Cap Rate 7%
$2,288,229
$2.3M
Cap Rate 9%
$1,779,733
$1.8M
Market Conditions
NOI Build-Up for 10,932 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
$288.6K $26.40/SF
− Vacancy
−$75.0K −$6.86/SF
EGI
$213.6K $19.54/SF
− OpEx
−$53.4K −$4.88/SF
NOI
$160.2K $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 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%
$3,203,520
Cap Rate 7%
$2,288,229
Cap Rate 9%
$1,779,733
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,176 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$2.20M
$1.92M – $2.57M
NOI $153,977 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,603 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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?
Mixed-use property - Iconic property near Denver's urban core with mixed-use potential.
Where is this mixed-use property located?
The property is located at 2101-2111 W 29th Ave Denver, CO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime LoHi location offering unmatched access to dining, entertainment, and recreation.; Excellent walkability (92 Walk Score) and bike‑friendly environment (90 Bike Score).; Zoned U‑MS‑3, allowing for a mix of commercial uses.
