Unique Denver Live/Work
For Sale
$1,900,000
2345 S Platte River Dr, Denver, CO 80223
Versatile live/work space designed for creators and entrepreneurs.
Property Size5,200 SF
Days on Market318
Property Features for 2345 S Platte River Dr
General Information
Standard status
Active
Size
5,200 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Overland
Taxes and HOA fees
Annual Taxes
$20,665
Building Details
Building Size
5,200 SF
Year Built
1970
Listing Agency:
Structure Property Group LLC
Listed By:
James Graham
(303) 548-7825
Source:
Corken
Added: Dec 11, 2025
Changed: Oct 15
Last Checked: Oct 25 at 12:12AM
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 Structure Property Group LLC
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Investment Insights
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This distinctive and versatile live/work space is designed for creators, performers, entrepreneurs, and those seeking a unique environment. It offers an exceptional range of uses, serving as an event venue, private rehearsal studio, podcast production space, artistic retreat, or a remarkable home with extraordinary amenities. The main living area features a large performance stage, complete with a house speaker system, professional mixing board, and dedicated sound board room. A bar area is positioned for hosting. A professionally built vocal booth with soundproofing provides an ideal setting for recording or content creation. The primary bedroom includes a walk-in closet and a custom-designed spa bathroom. An additional dressing room can function as a second bedroom. A dedicated gym space with workout equipment enhances the live/work convenience. The designer gourmet kitchen is outfitted with professional-grade appliances, ideal for culinary enthusiasts or on-site catering needs. A drive-in garage offers ample room for projects, vehicles, or storage of specialty equipment. The exterior includes fully fenced parking. The rooftop offers panoramic views of the Denver skyline and the Rocky Mountains. The property has a bike score of 81, indicating it is very bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 58, indicating good transit.
Key Highlights
- Versatile live/work space suitable for event venue, studio, retreat, or unique home.
- Large performance stage with house speaker system, mixing board, and sound board room.**
- Rooftop with panoramic Denver skyline and Rocky Mountain views.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,190
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,800
$1.5M
Cap Rate 7%
$1,088,429
$1.1M
Cap Rate 9%
$846,556
$846.6K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$137.3K $26.40/SF
− Vacancy
−$35.7K −$6.86/SF
EGI
$101.6K $19.54/SF
− OpEx
−$25.4K −$4.88/SF
NOI
$76.2K $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 Rate 5%
$1,523,800
Cap Rate 7%
$1,088,429
Cap Rate 9%
$846,556
Alternative Uses
Best Use
Office B
$1.09M
$952.4K – $1.27M
NOI $76,190 @ 7.0% cap · market cap 4.01%
Second Best
Mixed Use
$1.05M
$915.5K – $1.22M
NOI $73,242 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,874 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Live-work space - Versatile live/work space designed for creators and entrepreneurs.
Where is this live-work space located?
The property is located at 2345 S Platte River Dr Denver, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Versatile live/work space suitable for event venue, studio, retreat, or unique home.; Large performance stage with house speaker system, mixing board, and sound board room.**; Rooftop with panoramic Denver skyline and Rocky Mountain views.**
