Street-Level Retail
New
For Sale
$800,000
234-236 N Broadway, Denver, CO 80203
The two connected units will be delivered vacant, with individual entrances and the option to link their interiors.
Property Size2,391 SF
Price / SF$334.59
Days on Market2
Property Features for 234-236 N Broadway
General Information
Standard status
Active
Size
2,391 SF
Property subtype
Retail
Site & Location
Neighborhood
Speer
Additional Details
Asking Price
$800,000
Sprinkler System
Yes
Amenities
12-foot ceilings
individual restrooms
Building Details
Building Size
2,391 SF
Year Built
1908
Listing Agency:
Kaufman Hagan Commercial Real Estate
Listed By:
Amanda Weaver
(951) 551-2772
Source:
Pinnaclerea
Added: Oct 24
Last Checked: Oct 24 at 2:36PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1908 retail property consists of two adjoining commercial condominiums offered together, totaling approximately 2,391 SF. Each unit has its own entrance, and the adjoining interiors may be connected. The space includes 12-foot ceilings, individual restrooms, and fire sprinkler systems; delivery is vacant at closing.
Positioned on N Broadway, the property has access to Downtown Denver and is surrounded by residential neighborhoods, businesses, restaurants, and retail amenities. It is within the Broadway General Improvement District, whose programs support corridor maintenance, security, beautification, and marketing.
Positioned on N Broadway, the property has access to Downtown Denver and is surrounded by residential neighborhoods, businesses, restaurants, and retail amenities. It is within the Broadway General Improvement District, whose programs support corridor maintenance, security, beautification, and marketing.
Key Highlights
- Two adjoining commercial condominiums totaling approximately 2,391 SF
- Separate entrances, with the option to connect the units
- 12‑foot ceilings, individual restrooms, and fire sprinkler systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,730
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,600
$654.6K
Cap Rate 7%
$467,571
$467.6K
Cap Rate 9%
$363,667
$363.7K
Market Conditions
NOI Build-Up for 2,391 SF
Gross rent
$49.1K $20.52/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$46.8K $19.56/SF
− OpEx
−$14.0K −$5.87/SF
NOI
$32.7K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,600
Cap Rate 7%
$467,571
Cap Rate 9%
$363,667
Alternative Uses
Best Use
Retail
$467.6K
$409.1K – $545.5K
NOI $32,730 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.1K
$666.0K – $888.0K
NOI $53,280 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,685
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Apparel 31%
Shops & Services 18%
Beauty & Spa 1%
Goodwill
Apparel
28,850 visits/mo
0.2 miles
Punch Bowl Social
Dining
21,446 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,759 visits/mo
0.2 miles
Conoco
Shops & Services
7,163 visits/mo
0.1 miles
Starbucks
Dining
6,213 visits/mo
0.4 miles
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Retail space - The two connected units will be delivered vacant, with individual entrances and the option to link their interiors.
Where is this retail space located?
The property is located at 234-236 N Broadway Denver, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two adjoining commercial condominiums totaling approximately 2,391 SF; Separate entrances, with the option to connect the units; 12‑foot ceilings, individual restrooms, and fire sprinkler systems
