LoHi Creative Office/Retail
For Sale
$2,500,000
2101 W29th Avenue, Denver, CO 80211
Freestanding building in central location with live/work opportunities.
Property Size10,932 SF
Price / SF$228.69
Days on Market321
Property Features for 2101 W29th Avenue
General Information
Standard status
Active
Size
10,932 SF
Property subtype
Creative Office/Retail/Commercial Building
Building Details
Building Size
10,932 SF
Year Built
1887
Listing Agency:
Unique Properties, Inc.
(201) 274-5768
Listed By:
Brett MacDougall · License #FA.100053000
(201) 274-5768
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: May 8 at 10:02PM
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 offers an opportunity to own a building at the crossroads of Denver’s lifestyle amenities, near dining, entertainment, sports venues, retail, and outdoor recreation. The location offers 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 available via access points to I-25 and Speer Boulevard. Zoned U-MS-3, the current configuration features commercial uses, including collaborative office and retail space, a live/work art gallery studio, a photography studio with ceilings, additional live/work space, and flex/storage areas. Future potential includes mixed-use development opportunities. The property is located near Alma Fonda Fina, El Five, Linger, Little Man Ice Cream, Forest Room Five, and Zuni Street Brewing. The property has 10932 square feet of space and offers the ability to assemble more land (additional 0.16 acres next door).
Key Highlights
- Prime LoHi Location: Situated at the entrance to Lower Highland, offering unmatched visibility and access to Denver's urban core.
- Development Potential: Zoned U‑MS‑3, allowing for mixed‑use development and repositioning opportunities.
- High Visibility: Commanding views down the 15th Street corridor, visible from Denver's CBD.
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
6.41%
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 6.41%
Second Best
Mixed Use
$2.20M
$1.92M – $2.57M
NOI $153,977 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,603 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,769
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?
Creative space - Freestanding building in central location with live/work opportunities.
Where is this creative space located?
The property is located at 2101 W29th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime LoHi Location: Situated at the entrance to Lower Highland, offering unmatched visibility and access to Denver's urban core.; Development Potential: Zoned U‑MS‑3, allowing for mixed‑use development and repositioning opportunities.; High Visibility: Commanding views down the 15th Street corridor, visible from Denver's CBD.
