Mixed-Use Property Near
For Sale
$2,800,000
2401 Alameda Avenue, Denver, CO 80223
Mixed-use property with showroom, office, and retail spaces for sale.
Property Size7,672 SF
Price / SF$364.96
Days on Market277
Property Features for 2401 Alameda Avenue
General Information
Standard status
Active
Size
7,672 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$32,187
Amenities
3
Membrane
Building Details
Year Built
1970
Listing Agency:
Century 21 Signature Realty North, Inc.
(720) 641-2755
Listed By:
Brent Crawford · License #100056369
(720) 641-2755
Source:
Xome
Added: Nov 25, 2025
Changed: Aug 25
Last Checked: Aug 29 at 7:21AM
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 Century 21 Signature Realty North, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property features three units suitable for various purposes. It is located near major intersections, including Federal and Alameda, and I-25 and Alameda, and is catty-corner from a Costco Business Center, a large Asian-themed retail area, and a large grocery market. The property includes a large showroom-style unit with a 20-foot ceiling. Additionally, there is an office-type unit equipped with a full kitchen, laundry facilities, two bathrooms, and multiple rooms and offices. A smaller retail unit, currently occupied by an insurance office, is also part of the property. The property offers ample parking. The total property size is 7672 square feet. The property has two long-term stable tenants.
Key Highlights
- Prime location catty‑corner from Costco Business Center and a large Asian‑themed retail area and grocery market.
- Three units offering diverse usage possibilities (showroom, office, retail).
- Two long‑term, stable tenants already in place.
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
$108,060
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
3.86%
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%
$2,161,200
$2.2M
Cap Rate 7%
$1,543,714
$1.5M
Cap Rate 9%
$1,200,667
$1.2M
Market Conditions
NOI Build-Up for 7,672 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
$184.1K $24.00/SF
− Vacancy
−$11.2K −$1.46/SF
EGI
$172.9K $22.54/SF
− OpEx
−$64.8K −$8.45/SF
NOI
$108.1K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,161,200
Cap Rate 7%
$1,543,714
Cap Rate 9%
$1,200,667
Alternative Uses
Best Use
Mixed Use
$1.54M
$1.35M – $1.80M
NOI $108,060 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $105,021 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,959 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 18%
Home Improvements & Furnishings 4%
McDonald's
Dining
33,042 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
27,788 visits/mo
0.2 miles
Starbucks
Dining
14,888 visits/mo
0.3 miles
Taco Bell
Dining
10,882 visits/mo
0.4 miles
Conoco
Shops & Services
10,820 visits/mo
0.2 miles
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 Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with showroom, office, and retail spaces for sale.
Where is this mixed-use property located?
The property is located at 2401 Alameda Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime location catty‑corner from Costco Business Center and a large Asian‑themed retail area and grocery market.; Three units offering diverse usage possibilities (showroom, office, retail).; Two long‑term, stable tenants already in place.
