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$299.92
Days on Market165
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
Building Details
Building Size
1,208 SF
Year Built
1926
Stories
1
Units
1
Listing Agency:
M & M REALTY
(719) 351-5889
Listed By:
Mark Munoz · License #40042619
(719) 351-5889
Source:
Elliman
Added: Mar 11
Changed: Aug 13
Last Checked: Aug 21 at 9:17AM
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 square foot office/retail building situated on the dense South Broadway corridor, near the Platt Park neighborhood. The remodeled space is move-in ready for an office or retail user seeking high visibility, ample parking, and prominent signage. The building benefits from its frontage on Broadway and features a large pylon sign. The U-MX-3 zoning allows for mixed-use development up to three stories. The property includes central air conditioning and a shower in the bathroom. This property presents an opportunity for both owner/users and investors to capitalize on its location and long-term investment potential.
Key Highlights
- Highly Sought After Broadway Frontage: Offers exceptional visibility and access.
- Abundance of Parking: Provides convenient access.
- U‑MX‑3 Zoning: Allows for flexible mixed‑use development up to 3 stories.
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
$19,048
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
4.89%
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%
$380,960
$381.0K
Cap Rate 7%
$272,114
$272.1K
Cap Rate 9%
$211,644
$211.6K
Market Conditions
NOI Build-Up for 1,300 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
$34.3K $26.40/SF
− Vacancy
−$8.9K −$6.86/SF
EGI
$25.4K $19.54/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$19.0K $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%
$380,960
Cap Rate 7%
$272,114
Cap Rate 9%
$211,644
Alternative Uses
Best Use
Office B
$272.1K
$238.1K – $317.5K
NOI $19,048 @ 7.0% cap · market cap 4.89%
Second Best
Retail
$254.2K
$222.5K – $296.6K
NOI $17,796 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$413.8K
$362.1K – $482.8K
NOI $28,969 @ 7.0% cap · market cap 7.43%
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
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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 exceptional visibility and access.; Abundance of Parking: Provides convenient access.; U‑MX‑3 Zoning: Allows for flexible mixed‑use development up to 3 stories.
