Newly Built Modern
For Sale
$1,065,000
2357 S Bannock St, Denver, CO 80223
Contemporary design includes rooftop entertaining space, a finished basement, and a two-car garage near South Broadway amenities.
Property Size3,240 SF
Days on Market9
Property Features for 2357 S Bannock St
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,652
Building Details
Building Size
3,240 SF
Year Built
2026
Listing Agency:
LIV Sotheby's International Realty
(303) 909-2331
Listed By:
Stuart Crowell · License #100073154
(303) 909-2331
Source:
Corken
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 24 at 12:13PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
Newly constructed in 2026, this modern duplex features a light-filled open main level with wide-plank flooring, quartz kitchen surfaces, custom cabinetry, an oversized island, and stainless appliances. Additional interior improvements include a mudroom, powder room, multiple bedrooms, a five-piece primary bath, walk-in closet, wet bar, and laundry areas. The finished basement adds a bedroom, full bathroom, laundry room, and flexible open space. A two-car garage provides on-site parking and storage.
The upper-level lounge connects to a rooftop deck with mountain views and sunset views. The property is near South Broadway restaurants, coffee shops, parks, and light rail, with access to downtown Denver. The address is 2357 S Bannock St, Denver, CO 80223.
The upper-level lounge connects to a rooftop deck with mountain views and sunset views. The property is near South Broadway restaurants, coffee shops, parks, and light rail, with access to downtown Denver. The address is 2357 S Bannock St, Denver, CO 80223.
Key Highlights
- New construction completed in 2026
- Rooftop deck with mountain and sunset views
- Finished basement with bedroom, full bathroom, laundry room, and open 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
$53,844
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
5.06%
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%
$1,076,880
$1.1M
Cap Rate 7%
$769,200
$769.2K
Cap Rate 9%
$598,267
$598.3K
Market Conditions
NOI Build-Up for 3,240 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
$81.6K $25.20/SF
− Vacancy
−$4.7K −$1.46/SF
EGI
$76.9K $23.74/SF
− OpEx
−$23.1K −$7.12/SF
NOI
$53.8K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /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%
$1,076,880
Cap Rate 7%
$769,200
Cap Rate 9%
$598,267
Alternative Uses
Best Use
Multifamily LT 5
$769.2K
$673.1K – $897.4K
NOI $53,844 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$702.8K
$614.9K – $819.9K
NOI $49,195 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.03M
$902.5K – $1.20M
NOI $72,199 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary design includes rooftop entertaining space, a finished basement, and a two-car garage near South Broadway amenities.
Where is this duplex located?
The property is located at 2357 S Bannock St Denver, CO.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: New construction completed in 2026; Rooftop deck with mountain and sunset views; Finished basement with bedroom, full bathroom, laundry room, and open space
