Historic Mixed-Use Main Street
New
For Sale
$750,000
2340 W Main St, Littleton, CO 80120
Two-story downtown property combines leased ground-floor retail with adaptable upper-level space for residential or office conversion.
Property Size1,742 SF
Price / SF$430.54
Days on Market1
Property Features for 2340 W Main St
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Commercial
Building Details
Year Built
1909
Listing Agency:
Sh Realty, Inc.
(303) 850-5757
Listed By:
Greg Smith
(303) 543-5720
Source:
Coloradohomesource
Added: Sep 22
Last Checked: Sep 22 at 1:50PM
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 Sh Realty, Inc.
Investment Insights
Based on property information with market context.
This two-story mixed-use building at 2340 W Main St includes a leased ground-floor bridal boutique and approximately 1,400 SF of unfinished space above. The upper level is identified for potential conversion into one residence, two apartments, a furnished extended-stay rental, or boutique creative office space. The property was built in 1909 and retains Main Street storefront character, with an opportunity to add another story. The existing retail tenancy is month-to-month, allowing ownership flexibility without a long-term lease commitment.
The building is located in Historic Downtown Littleton, a walkable retail district within a half-mile of the RTD D Line’s Littleton/Downtown station. Downtown improvements are planned through Project Downtown, including reconstructed streetscape elements, wider sidewalks, landscaping, and permanent event infrastructure. The property is offered for the first time in over 40 years and supports an owner-occupant or live-work configuration.
The building is located in Historic Downtown Littleton, a walkable retail district within a half-mile of the RTD D Line’s Littleton/Downtown station. Downtown improvements are planned through Project Downtown, including reconstructed streetscape elements, wider sidewalks, landscaping, and permanent event infrastructure. The property is offered for the first time in over 40 years and supports an owner-occupant or live-work configuration.
Key Highlights
- 1909 two‑story mixed‑use building with historic Main Street storefront character
- Ground‑floor bridal boutique leased month‑to‑month
- Approximately 1,400 SF of unfinished second‑floor space
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
$35,884
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
4.78%
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%
$717,680
$717.7K
Cap Rate 7%
$512,629
$512.6K
Cap Rate 9%
$398,711
$398.7K
Market Conditions
NOI Build-Up for 1,742 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
$52.5K $30.12/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$51.3K $29.43/SF
− OpEx
−$15.4K −$8.83/SF
NOI
$35.9K $20.60/SF
Area
Douglas County, CO
Vacancy
2.30%
Lease Rate
$30.12 /SF/Yr
Expense Ratio
30.00%
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%
$717,680
Cap Rate 7%
$512,629
Cap Rate 9%
$398,711
Alternative Uses
Best Use
Retail
$512.6K
$448.6K – $598.1K
NOI $35,884 @ 7.0% cap · market cap 4.78%
Second Best
Office B
$433.7K
$379.5K – $505.9K
NOI $30,356 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$598.3K
$523.6K – $698.1K
NOI $41,884 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story downtown property combines leased ground-floor retail with adaptable upper-level space for residential or office conversion.
Where is this mixed-use property located?
The property is located at 2340 W Main St Littleton, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1909 two‑story mixed‑use building with historic Main Street storefront character; Ground‑floor bridal boutique leased month‑to‑month; Approximately 1,400 SF of unfinished second‑floor space
