Flex Space with High
For Sale
$1,595,000
2575 S Broadway, Denver, CO 80210
The building combines retail, showroom, office, and warehouse areas in one commercial property.
Property Size4,975 SF
Days on Market69
Property Features for 2575 S Broadway
General Information
Standard status
Active
Size
4,975 SF
Property subtype
Flex Building
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,975 SF
Year Built
1981
Construction
barreled roof
Listing Agency:
Unique Properties, Inc
(201) 274-5768
Listed By:
Brett MacDougall · License #FA.100053000
(201) 274-5768
Source:
Uniqueprop
Added: Jun 24
Changed: Aug 31
Last Checked: Aug 31 at 2:17PM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Built in 1981, this flex property combines customer-facing and operational space under one roof. Approximately ±70% of the layout is allocated to retail, showroom, and office functions, while ±30% is configured as warehouse space. The barreled roof creates high ceilings that complement the flexible commercial format.
The property fronts S Broadway in Denver and benefits from reported traffic counts of +30,000 VPD. Access to S Santa Fe Dr and I-25 connects the site with major nearby routes. Its blend of public-facing areas and warehouse capacity accommodates businesses seeking a combination of display, office, and storage functions.
The property fronts S Broadway in Denver and benefits from reported traffic counts of +30,000 VPD. Access to S Santa Fe Dr and I-25 connects the site with major nearby routes. Its blend of public-facing areas and warehouse capacity accommodates businesses seeking a combination of display, office, and storage functions.
Key Highlights
- ±70% retail, showroom, and office area
- ±30% warehouse configuration
- Barreled roof with high ceilings
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
$68,102
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
4.27%
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%
$1,362,040
$1.4M
Cap Rate 7%
$972,886
$972.9K
Cap Rate 9%
$756,689
$756.7K
Market Conditions
NOI Build-Up for 4,975 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
$102.1K $20.52/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$97.3K $19.56/SF
− OpEx
−$29.2K −$5.87/SF
NOI
$68.1K $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 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%
$1,362,040
Cap Rate 7%
$972,886
Cap Rate 9%
$756,689
Alternative Uses
Best Use
Retail
$972.9K
$851.3K – $1.14M
NOI $68,102 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$734.4K
$642.6K – $856.8K
NOI $51,410 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,861 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - The building combines retail, showroom, office, and warehouse areas in one commercial property.
Where is this flex space located?
The property is located at 2575 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: ±70% retail, showroom, and office area; ±30% warehouse configuration; Barreled roof with high ceilings
