Licensed Cannabis Cultivation and
For Sale
Contact for pricing
2490 W 2nd Avenue, Denver, CO 80223
Fully operational, licensed medical cannabis cultivation and retail facility.
Property Size8,199 SF
Price / SF$236
Days on Market218
Property Features for 2490 W 2nd Avenue
General Information
Standard status
Active
Size
8,199 SF
Class
B
Total Parking Spaces
10
Property subtype
Business for Sale, Industrial, Retail
Zoning
I-A (Industrial – City & County of Denver)
Investment Type
Owner/User
Building Details
Year Built
1980
Units
1
Listing Agency:
Shames Makovsky
Listed By:
Joey Gargotto · License #CO FA100056043
(303) 842-5767
Source:
Crexi
Added: Mar 3
Changed: Sep 27
Last Checked: Oct 5 at 4:11PM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
This commercial property, comprising 8,199 square feet, is zoned and fully operational as a licensed medical cannabis cultivation and retail facility. The property is located in Denver, Colorado.
Key Highlights
- Zoned for Medical Cannabis Cultivation and Retail
- Fully Operational Licensed Facility
- Medical Cannabis Cultivation Use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,235
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,700
$2.2M
Cap Rate 7%
$1,603,357
$1.6M
Cap Rate 9%
$1,247,056
$1.2M
Market Conditions
NOI Build-Up for 8,199 SF
Gross rent
$168.2K $20.52/SF
− Vacancy
−$7.9K −$0.96/SF
EGI
$160.3K $19.56/SF
− OpEx
−$48.1K −$5.87/SF
NOI
$112.2K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,700
Cap Rate 7%
$1,603,357
Cap Rate 9%
$1,247,056
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,235 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,703 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Home Improvements & Furnishings 15%
Dining 7%
Electronics 2%
Conoco
Shops & Services
13,944 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,339 visits/mo
0.5 miles
Grainger
Home Improvements & Furnishings
5,295 visits/mo
0.4 miles
Shell
Shops & Services
4,998 visits/mo
0.3 miles
Puerto Vallarta
Dining
2,745 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Fully operational, licensed medical cannabis cultivation and retail facility.
Where is this cannabis property located?
The property is located at 2490 W 2nd Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: Zoned for Medical Cannabis Cultivation and Retail; Fully Operational Licensed Facility; Medical Cannabis Cultivation Use
