Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    LoHi Live/Work Condo For Sale Title is generated by Realmo AI

    2501 15th St. Denver CO, Denver, CO 80211

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

    Live/work condo in LoHi with retail zoning and parking.

    Type:Office, Retail
    Property size:
    1,050 SF
    Price / SF:
    $590/SF
    Added:
    Sep 16, 2024
    Days on Market:
    608
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 2501 15th St. Denver CO

    General Information

    Standard status
    Active
    Size
    1,050 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Lance Somerville
    Lance Somerville

    Listing agent Lance Somerville License #CO FA100048193

    Listing office Real Broker LLC

    Listing date Sep 16, 2024

    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 Real Broker LLC

    HighLights

    • Rare live/work property in LoHi with C‑MX‑5 zoning for retail use.
    • Remodeled condo featuring new paint, carpet, appliances, and luxury vinyl plank flooring.
    • Unbeatable location between Lodo and LoHi, with easy access to restaurants and shops.
    • Street‑level unit with floor‑to‑ceiling windows, courtyard access, and parking (no elevator).
    • Includes one reserved parking space in a gated lot with ample visitor parking.
    • Spacious living/working areas, two bathrooms, lower‑level bedroom/office, two storage closets, and a private loft.

    Overview

    This live/work property is located in LoHi and zoned C-MX-5 for retail use. The remodeled condo features new paint, carpet, appliances, and luxury vinyl plank flooring. The property offers spacious living and working areas, two bathrooms, a lower-level bedroom/office, two large storage closets, and a private full loft. The street-level living area has floor-to-ceiling windows with views of the neighborhood and easy access to the courtyard and parking. The unit comes with one reserved parking space in the gated lot with ample visitor parking. Situated between Lodo and LoHi, the location provides easy access to popular restaurants and shops. The property has historically attracted long-term tenants. The unit has a size of 1050 square feet.
    Location Intelligence

    Current Use by Public Records

    FLEUR DE LIS Event Planning Bare Root Flora (Bike/Boat/Book/etc) Store More Flowers, LLC (Bike/Boat/Book/etc) Store Emerge Event Collective Event Planning The Highland Home by ... Home Decor Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office 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
    -105.0105627
    Latitude
    39.757807

    Nearby Similar for Sale

    • $600,000

      Versatile Commercial Building on Colfax

      Retail/office space with redevelopment potential in a high-traffic Denver location.
      8710 E Colfax Ave, Denver, CO 80220
      View Details
    • $1,100,000
      3,624 SF

      Retail Investment Opportunity in Denver

      Retail property with stable income and built-in growth potential.
      913 N Corona St, Denver, CO 80218
      View Details
    • $350,000

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames Street 305, Denver, CO 80226
      View Details
    • $825,000
      3,110 SF

      Updated Duplex in Hale Neighborhood

      Turnkey duplex with upgrades in a desirable Denver location.
      5101 E 8th Ave, Denver, CO 80220
      View Details
    • $929,000
      2,286 SF

      RiNo District Duplex Opportunity

      Classic duplex in Denver's RiNo District with income potential.
      2929 Curtis St, Denver, CO 80205
      View Details
    • $500,000
      1,574 SF

      Denver Townhome with Mountain Views

      End-unit townhome near US-36 with mountain views and modern upgrades.
      2768 W 68th Ave, Denver, CO 80221
      View Details
    • $995,000
      3,654 SF

      Modern Flex/Office Building For Sale

      Two-story flex/office building with warehouse space and outdoor area.
      1305 S Inca St, Denver, CO 80223
      View Details
    • $790,000

      Denver Redevelopment Opportunity

      Prime Denver location near City Park and Cherry Creek.
      1632 York Street, Denver, CO 80206
      View Details
    • $1,600,000
      3,416 SF

      Denver Restaurant Opportunity on Broadway

      Stand-alone restaurant near downtown, RiNo, and LoDo with high visibility.
      2150 N Broadway, Denver, CO 80205
      View Details
    • $950,000
      5,670 SF

      Two-Building Opportunity in Denver

      Two vacant buildings ideal for owner-user or investment.
      2162 S Jason Street, Denver, CO 80223
      View Details
    • $875,000

      Victorian Mixed-Use in Washington Park

      Historic property with mixed-use zoning near South Broadway shops.
      25 E Dakota Ave, Denver, CO 80209
      View Details
    • $950,000

      Classic Dutch Colonial Office Building

      Updated Dutch Colonial mansion-turned-office in downtown Denver.
      1718 N Gaylord St, Denver, CO 80206
      View Details

    FAQs

    What type of property is this?
    Live-work space - Live/work condo in LoHi with retail zoning and parking.
    Where is this live-work space located?
    The property is located at 2501 15th St. Denver CO Denver, CO.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Rare live/work property in LoHi with C‑MX‑5 zoning for retail use.; Remodeled condo featuring new paint, carpet, appliances, and luxury vinyl plank flooring.; Unbeatable location between Lodo and LoHi, with easy access to restaurants and shops.
    (303) 968-7047 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lance Somerville
    Lance Somerville
    Real Estate License ID: CO FA100048193
    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
    2501 15th St., Denver, CO, Denver, CO 80211
    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!