Downtown Denver Modern Office
2245 Curtis St, Denver, CO 80205
For Sale
$2,650,000
Remodeled office with flexible owner-user opportunity in Arapahoe Square.
Property Size9,065 SF
Lot Size0.22 Acres
Days on Market242
Property Features for 2245 Curtis St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Kaufman Hagan Commercial Real Estate
Listed By:
Teal Nipp Hagan · License #ER100049712
(720) 984-0419
Source:
Elliman
Added: Mar 10
Changed: Nov 4
Last Checked: Nov 6 at 10:26AM
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 Kaufman Hagan Commercial Real Estate
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Investment Insights
Based on property information with market context.
This office building, located in Downtown Denver's Arapahoe Square District, offers a flexible owner-user opportunity. Constructed in 1962 and extensively renovated in 2015, the property features modern aesthetics. The building includes open lofted mezzanine spaces, double-height ceilings, and skylights. Large windows maximize natural light, creating a spacious office atmosphere. Collaborative workspaces, glass offices, ample storage, and hoteling rooms with showers are available in each workspace. The property offers two side-by-side office suites. Tenants enjoy close proximity to Downtown and the RiNo commercial and restaurant area. The D-AS-12+ Arapahoe Square Zoning allows for future development possibilities up to twelve stories. There are also future expansion opportunities above Suite 100’s current offices.
Key Highlights
- Flexible owner‑user opportunity: Option for full or partial occupancy.
- High‑end custom renovation in 2015: Modern, updated aesthetics.
- Prime location: Situated in Arapahoe Square District, close to Downtown Denver and RiNo.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,820
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,656,400
$2.7M
Cap Rate 7%
$1,897,429
$1.9M
Cap Rate 9%
$1,475,778
$1.5M
Market Conditions
NOI Build-Up for 9,065 SF
Gross rent
$239.3K $26.40/SF
− Vacancy
−$62.2K −$6.86/SF
EGI
$177.1K $19.54/SF
− OpEx
−$44.3K −$4.88/SF
NOI
$132.8K $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%
$2,656,400
Cap Rate 7%
$1,897,429
Cap Rate 9%
$1,475,778
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,820 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,000 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
11,008
Businesses Nearby
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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
$627,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Denver, CO
Properties on Market for Office buildings in Denver
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Remodeled office with flexible owner-user opportunity in Arapahoe Square.
Where is this office building located?
The property is located at 2245 Curtis St Denver, CO.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Flexible owner‑user opportunity: Option for full or partial occupancy.; High‑end custom renovation in 2015: Modern, updated aesthetics.; Prime location: Situated in Arapahoe Square District, close to Downtown Denver and RiNo.
