Mixed-Use Property Near
For Sale
$2,800,000
2401 W 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 Market128
Property Features for 2401 W Alameda Avenue
General Information
Standard status
Active
Size
7,672 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
CENTURY 21 SIGNATURE REALTY NORTH, INC.
(720) 495-4846
Listed By:
BRENT CRAWFORD · License #100056369
Source:
Corcoran
Added: Mar 31
Changed: Jul 10
Last Checked: Aug 5 at 6:34AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.5k | $26.40 |
| − Vacancy | −$52.7k | −$6.86 |
| EGI | $149.9k | $19.54 |
| − OpEx | −$37.5k | −$4.88 |
| NOI | $112.4k | $14.65 |
7,672 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,410 @ 7.0% cap · market cap 4.01%
Second Best
Mixed Use
$1.54M
$1.35M – $1.80M
NOI $108,060 @ 7.0% cap · market cap 3.86%
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
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 Office 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 W 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.
