Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2420 17th Street Denver, CO 80202

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New office building with Denver Beer Co as tenant.

    Type:Office
    Added:
    Oct 15, 2020
    Days on Market:
    2025
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2420 17th Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2015

    Spaces For Lease

    at 2420 17th Street Contact us

    We can help!

    Listing Contact
    Ryan Stout

    Listing agent Ryan Stout License #CO

    Listing office Cushman & Wakefield - Denver, Colorado

    Listing date Oct 15, 2020

    Source Crexi

    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

    Overview

    Newly Constructed Platte Street Building

    This newly constructed building is located on the redeveloped Platte Street. The building features 14-foot exposed ceilings and has Denver Beer Co as a rental tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yext (Bike/Boat/Book/etc) Store Corus (Bike/Boat/Book/etc) Store HOTWORX - Denver, CO ... Gym & Fitness Center Family Heritage Life ... Insurance Agency Zilker Partners Employment Agency

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -105.0076327
    Latitude
    39.7581819

    Nearby Similar for Lease

    • $8 SF/Yr

      Denver Industrial Space with Office

      30,000 SF industrial space with office near DIA.
      12601 E 38th Ave, Denver, CO 80239
      View Details
    • Contact for pricing

      Denver Restaurant Opportunity on Broadway

      Stand-alone restaurant near downtown, RiNo, and LoDo with high visibility.
      2150 N Broadway, Denver, CO 80205
      View Details
    • Contact for pricing

      South Broadway Retail or Office

      2,610 SF retail or office space in thriving location.
      56 S. Broadway, Denver, CO 80209
      View Details
    • Contact for pricing

      Congress Park Retail Opportunity

      Retail space for lease in Denver's Congress Park neighborhood.
      1201 N Madison Street, Denver, CO 80206
      View Details
    • Contact for pricing

      Office/Flex Space Near I-25

      5,429 SF office/flex space with warehouse potential near I-25.
      5700 Logan Street, Denver, CO 80216
      View Details
    • Contact for pricing

      Globeville Industrial/Flex Standalone Building

      Industrial/flex building in growing Globeville neighborhood, near Fox Park.
      4150 Fox Street, Denver, CO 80216
      View Details
    • Contact for pricing

      Capitol Hill Commercial Lot

      750 SF office/warehouse on a 12,500 SF lot.
      363 & 391 N Grant Street, Denver, CO 80203
      View Details
    • Contact for pricing

      Modern Denver Commercial Space

      Versatile 10,000 SF commercial space for lease in Denver.
      1422 Delgany St, Denver, CO 80202
      View Details
    • $2,000/Mo

      Retail Space on Colfax Avenue

      Multi-tenant retail building with high visibility and foot traffic.
      5600 E Colfax Avenue, Denver, CO 80220
      View Details
    • Contact for pricing

      Retail/Office Space on Gaylord Street

      750 SF retail or office space in Denver.
      1080 1/2 S Gaylord Street, Denver, CO 80209
      View Details
    • $3,500/Mo

      White Box Retail/Office Space

      Customizable retail or office space near Santa Fe Arts District.
      23 S Kalamath St, Denver, CO 80223
      View Details
    • Contact for pricing

      Customizable Flex Space Available

      Versatile flex space with office and warehouse areas for rent.
      1630 E 66th Ave, Denver, CO 80229
      View Details

    FAQs

    What type of property is this?
    Office building - New office building with Denver Beer Co as tenant.
    Where is this office building located?
    The property is located at 2420 17th Street Denver, CO.
    What are key features of this property?
    This property features: Newly constructed building.; Located on redeveloped Platte Street.; Rental tenant is Denver Beer Co.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Stout
    Real Estate License ID: CO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2420 17th Street, Denver, CO 80202

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!