Flex Space with Roll-Up
For Sale
$748,500
2292 S Delaware Street, Denver, CO 80223
Corner-site property combines a steel workshop, two-bedroom house, secondary structure, and secure outdoor area.
Property Size1,500 SF
Days on Market58
Property Features for 2292 S Delaware Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Special Purpose
Taxes and HOA fees
Annual Taxes
$3,710
Building Details
Building Size
1,500 SF
Year Built
1924
Listing Agency:
Banyan Real Estate LLC
Listed By:
Chris Lamee · License #001315204
(303) 573-5573
Source:
Eliselosassore
Added: Aug 10
Changed: Sep 26
Last Checked: Oct 5 at 8:50PM
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 Banyan Real Estate LLC
Investment Insights
Based on property information with market context.
This flex property at 2292 S Delaware St includes an approximately 1,500-square-foot heavy-duty steel building with substantial clear height and roll-up doors at both the front and rear. The site also contains a standalone two-bedroom house, a secondary garage or shed structure, and a secure backyard. Asbestos remediation and clearing have been completed in the house, which is dated to 1924 for the property record.
The corner lot is located just blocks from South Broadway and two blocks from the Evans Light Rail station. The property is currently taxed as a single-family home and has no HOA fees. Fully entitled plans for 10 modern slot homes are included, although the plans will expire if the building permit is not pulled soon.
The corner lot is located just blocks from South Broadway and two blocks from the Evans Light Rail station. The property is currently taxed as a single-family home and has no HOA fees. Fully entitled plans for 10 modern slot homes are included, although the plans will expire if the building permit is not pulled soon.
Key Highlights
- Approximately 1,500 square feet of heavy‑duty steel building space
- Front and rear roll‑up doors with substantial clear height
- Standalone two‑bedroom house with asbestos remediation completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,978
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,560
$439.6K
Cap Rate 7%
$313,971
$314.0K
Cap Rate 9%
$244,200
$244.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.6K $26.40/SF
− Vacancy
−$10.3K −$6.86/SF
EGI
$29.3K $19.54/SF
− OpEx
−$7.3K −$4.88/SF
NOI
$22.0K $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%
$439,560
Cap Rate 7%
$313,971
Cap Rate 9%
$244,200
Alternative Uses
Best Use
Office B
$314.0K
$274.7K – $366.3K
NOI $21,978 @ 7.0% cap · market cap 2.94%
Second Best
Mixed Use
$301.8K
$264.1K – $352.1K
NOI $21,128 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$477.5K
$417.8K – $557.1K
NOI $33,425 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sapori D'Italia — 2065 S Cherokee St, Denver, CO 80223
Frequently Asked Questions
What type of property is this?
Flex space - Corner-site property combines a steel workshop, two-bedroom house, secondary structure, and secure outdoor area.
Where is this flex space located?
The property is located at 2292 S Delaware Street Denver, CO.
What is the asking price?
The asking price for this property is $748,500.
What are key features of this property?
This property features: Approximately 1,500 square feet of heavy‑duty steel building space; Front and rear roll‑up doors with substantial clear height; Standalone two‑bedroom house with asbestos remediation completed
