Broadway Office/Retail Building For
For Sale
$389,900
2532 S Broadway, Denver, CO 80210
1,300 SF office/retail building on South Broadway corridor.
Property Size1,208 SF
Lot Size0.14 Acres
Price / SF$322.76
Days on Market433
Property Features for 2532 S Broadway
General Information
Standard status
Active
Size
1,208 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,113
Amenities
Asphalt
Composition Roof
Near Public Transit
Building Details
Year Built
1926
Listing Agency:
M & M REALTY
(719) 799-6816
Listed By:
MARK MUNOZ · License #40042619
Source:
Corcoran
Added: Jun 26, 2025
Changed: Aug 31
Last Checked: Aug 30 at 8:13PM
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 M & M REALTY
Investment Insights
Based on property information with market context.
The property at 2532 S Broadway is an approximately 1,300 SF office/retail building located on the dense South Broadway corridor near the Platt Park neighborhood. The building is move-in ready for an office/retail user desiring high visibility, great parking, and signage. The remodeled space includes a shower in the bathroom and central A/C. The property offers owner/users and investors the opportunity to take advantage of its location and long-term investment potential. The U-MX-3 zoning allows for mixed-use development up to 3 stories. There is abundant parking and large pylon signage on Broadway.
Key Highlights
- Highly sought after Broadway frontage offers excellent visibility and access to a dense corridor.
- Abundance of parking, a rare and valuable asset for a Broadway location.
- U‑MX‑3 zoning allows for mixed‑use development up to 3 stories, providing flexibility and future potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,700
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,000
$354.0K
Cap Rate 7%
$252,857
$252.9K
Cap Rate 9%
$196,667
$196.7K
Market Conditions
NOI Build-Up for 1,208 SF
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.
Gross rent
$31.9K $26.40/SF
− Vacancy
−$8.3K −$6.86/SF
EGI
$23.6K $19.54/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$17.7K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,000
Cap Rate 7%
$252,857
Cap Rate 9%
$196,667
Alternative Uses
Best Use
Office B
$252.9K
$221.3K – $295.0K
NOI $17,700 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$236.2K
$206.7K – $275.6K
NOI $16,536 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$384.5K
$336.5K – $448.6K
NOI $26,918 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 1,300 SF office/retail building on South Broadway corridor.
Where is this office units located?
The property is located at 2532 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Highly sought after Broadway frontage offers excellent visibility and access to a dense corridor.; Abundance of parking, a rare and valuable asset for a Broadway location.; U‑MX‑3 zoning allows for mixed‑use development up to 3 stories, providing flexibility and future potential.
