Standalone Brick Office
For Sale
Contact for pricing
2706 West Colfax Avenue, Denver, CO 80204
Two open work areas are supported by private offices, meeting rooms, restrooms, a kitchen, and a shower.
Property Size4,871 SF
Price / SF$302.81
Days on Market73
Property Features for 2706 West Colfax Avenue
General Information
Standard status
Active
Size
4,871 SF
Total Parking Spaces
4
Property subtype
Retail
Zoning
C-MX -8
Lease Type
NNN
Site & Location
Neighborhood
Sun Valley
Amenities
vaulted ceilings
abundant natural light
open bullpen areas
private offices
conference rooms
restrooms
full kitchen
shower
radiant heat
forced-air cooling
Building Details
Year Built
1910
Year Renovated
2000
Buildings
1
Tenancy
Single
Building Size
4,871 SF
Construction
brick
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Kevin Calame · License #CO 100022816
(303) 263-6260
Source:
Crexi
Added: Aug 14
Changed: Oct 11
Last Checked: Oct 24 at 5:34PM
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 NORTHPEAK Commercial Advisors
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Investment Insights
Based on property information with market context.
This standalone office property contains 4,871 SF within a brick building designed around a mix of collaborative and private work areas. Two open bullpen spaces are complemented by multiple private offices, conference rooms, and restrooms. The interior also includes a full kitchen and shower, while vaulted ceilings and extensive natural light add volume to the workspace. Radiant heat and forced-air cooling provide year-round climate control.
The property is located in Denver and carries C-MX-8 zoning, identified as an Urban Center, Mixed Use district allowing up to 8 stories. On-site parking accommodates 3 to 4 vehicles, with additional parking available in the city lot directly west of the building.
The property is located in Denver and carries C-MX-8 zoning, identified as an Urban Center, Mixed Use district allowing up to 8 stories. On-site parking accommodates 3 to 4 vehicles, with additional parking available in the city lot directly west of the building.
Key Highlights
- 4,871 SF standalone brick office building
- C‑MX‑8 zoning: Urban Center, Mixed Use, up to 8 stories
- Two open bullpen areas with private offices and conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,370
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,400
$1.4M
Cap Rate 7%
$1,019,571
$1.0M
Cap Rate 9%
$793,000
$793.0K
Market Conditions
NOI Build-Up for 4,871 SF
Gross rent
$128.6K $26.40/SF
− Vacancy
−$33.4K −$6.86/SF
EGI
$95.2K $19.54/SF
− OpEx
−$23.8K −$4.88/SF
NOI
$71.4K $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 Rate 5%
$1,427,400
Cap Rate 7%
$1,019,571
Cap Rate 9%
$793,000
Alternative Uses
Best Use
Office B
$1.02M
$892.1K – $1.19M
NOI $71,370 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,543 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
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Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Two open work areas are supported by private offices, meeting rooms, restrooms, a kitchen, and a shower.
Where is this office building located?
The property is located at 2706 West Colfax Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,871 SF standalone brick office building; C‑MX‑8 zoning: Urban Center, Mixed Use, up to 8 stories; Two open bullpen areas with private offices and conference rooms
