Mixed-Use Multifamily with Ground
2479 S Broadway Denver, CO 80210
For Sale
$2,500,000
Newly constructed mixed-use building with 10 residential units and ground-floor retail, offered before certificate of occupancy.
Property Size6,000 SF
Price / SF$416.67
Days on Market57
Property Features for 2479 S Broadway
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2025
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(214) 336-6064
Listed By:
Charles Burkhart · License #100103787
(214) 336-6064
Source:
Exitrealty
Added: May 29
Changed: Jul 23
Last Checked: Jul 23 at 8:40AM
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 Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
2479 S Broadway is a newly constructed mixed-use multifamily property featuring 10 residential units and approximately 1,000 square feet of ground-floor retail. The offering is being presented prior to certificate of occupancy, with delivery projected in 4 to 6 months. This timing allows an investor to take part in the final stages of construction and align with lease-up execution and retail tenanting strategy.
The property is positioned along South Broadway, an established Denver infill corridor, providing access to Downtown, the University of Denver, and the I-25 employment corridor. The unit mix is comprised of one-bedroom residences, with an efficient design intended to support streamlined management and limit near-term capital requirements focused on lease-up and ongoing operations.
The property is positioned along South Broadway, an established Denver infill corridor, providing access to Downtown, the University of Denver, and the I-25 employment corridor. The unit mix is comprised of one-bedroom residences, with an efficient design intended to support streamlined management and limit near-term capital requirements focused on lease-up and ongoing operations.
Key Highlights
- Newly constructed mixed‑use building (2025) with 10 residential units and approximately 1,000 SF of ground‑floor retail
- Offered prior to certificate of occupancy, with delivery projected in 4 to 6 months
- One‑bedroom unit mix with an average of approximately 600 SF per unit
Financial Insights For Apartment 5plus
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 | $176.4k | $29.40 |
| − Vacancy | −$10.8k | −$1.79 |
| EGI | $165.6k | $27.61 |
| − OpEx | −$74.5k | −$12.42 |
| NOI | $91.1k | $15.18 |
6,000 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,102 @ 7.0% cap · market cap 3.64%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,510 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,701 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Apartment building - Newly constructed mixed-use building with 10 residential units and ground-floor retail, offered before certificate of occupancy.
Where is this apartment building located?
The property is located at 2479 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Newly constructed mixed‑use building (2025) with 10 residential units and approximately 1,000 SF of ground‑floor retail; Offered prior to certificate of occupancy, with delivery projected in 4 to 6 months; One‑bedroom unit mix with an average of approximately 600 SF per unit
