Downtown Storefront
For Sale
Contact for pricing
2359 W Main St, Littleton, CO 80120
Storefront property with Downtown Main St zoning in an established commercial setting.
Property Size4,489 SF
Price / SF$400.98
Days on Market184
Property Features for 2359 W Main St
General Information
Standard status
Active
Size
4,489 SF
Property subtype
Retail
Zoning
DMS - Downtown Main St
Building Details
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Cushman & Wakefield - Denver, Colorado
(303) 752-0007
Listed By:
Jack Lazzeri · License #10008686406
Source:
Crexi
Added: Mar 1
Changed: Aug 31
Last Checked: Aug 31 at 12:58AM
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 Cushman & Wakefield - Denver, Colorado
Investment Insights
Based on property information with market context.
This storefront property contains 4,489 square feet of retail space within a building constructed in 1960. The asset is designated DMS - Downtown Main St, supporting its classification within a downtown-oriented commercial district.
Located at 2359 W Main St in Littleton, Colorado, the property offers a defined retail setting along an established main-street corridor.
Located at 2359 W Main St in Littleton, Colorado, the property offers a defined retail setting along an established main-street corridor.
Key Highlights
- 4,489 square feet of retail space
- DMS - Downtown Main St zoning
- Building constructed in 1960
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
$92,469
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
5.14%
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%
$1,849,380
$1.8M
Cap Rate 7%
$1,320,986
$1.3M
Cap Rate 9%
$1,027,433
$1.0M
Market Conditions
NOI Build-Up for 4,489 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
$135.2K $30.12/SF
− Vacancy
−$3.1K −$0.69/SF
EGI
$132.1K $29.43/SF
− OpEx
−$39.6K −$8.83/SF
NOI
$92.5K $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%
$1,849,380
Cap Rate 7%
$1,320,986
Cap Rate 9%
$1,027,433
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,469 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,932 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 25%
The Melting Pot
Dining
20,054 visits/mo
0.2 miles
McDonald's
Dining
18,257 visits/mo
0.2 miles
Mobil
Shops & Services
7,415 visits/mo
0.3 miles
Chase Bank
Shops & Services
6,728 visits/mo
0.1 miles
Playa Bowls
Dining
3,269 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with Downtown Main St zoning in an established commercial setting.
Where is this storefront property located?
The property is located at 2359 W Main St Littleton, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,489 square feet of retail space; DMS - Downtown Main St zoning; Building constructed in 1960
