Building Details

Building Size 10,138 SF

Year Built 1998

Listing Agency: Berkshire Hathaway HomeServices Colorado Real Estate, LLC

Listed By: Candice Oh · License #100078628 Show Phone

Source: Eliselosassore

Added: Sep 3, 2025 Changed: Oct 13 Last Checked: Oct 25 at 2:02AM

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Investment Insights

Based on property information with market context.

Located at 2721 W Holden Place in Denver, CO, this commercial asset is a 10,138 SF office/flex building. Constructed in 1998 and renovated in 2014, the property features four units and is zoned CMX-8. The building offers a flexible configuration, including a 4,000 SF upper-level suite. Features include private entrances, updated kitchens and restrooms with showers, a drive-in bay, and warehouse space. The property is located minutes from Downtown Denver and Empower Field, with access to I-25, Colfax, and Federal Blvd. This property is suitable for businesses looking to elevate their workspace, or for investors targeting an adaptable, income-generating asset.

Key Highlights

• Prime location minutes from Downtown Denver and Empower Field, with excellent access to I‑25, Colfax, and Federal Blvd.
• Versatile 10,138 SF office/flex building with four units and CMX‑8 zoning.
• Available 4,000 SF upper‑level suite ideal for an owner‑user.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$148,542

Cap Rate

6.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,970,840 $3.0M

Cap Rate 7%

$2,122,029 $2.1M

Cap Rate 9%

$1,650,467 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,138 SF

Gross rent

$267.6K $26.40/SF

− Vacancy

−$69.6K −$6.86/SF

EGI

$198.1K $19.54/SF

− OpEx

−$49.5K −$4.88/SF

NOI

$148.5K $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%

$2,970,840

Cap Rate 7%

$2,122,029

Cap Rate 9%

$1,650,467

Alternative Uses

Best Use

Office B

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,542 @ 7.0% cap · market cap 6.06%

Second Best

Flex RnD

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,575 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$3.23M

$2.82M – $3.77M (±1% cap)

NOI $225,910 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Ink Monstr Graphics ... Marketing & Advertising Jaden Hanson - Denver ... Real Estate Agency Nikki Owen - Denver ... Real Estate Agency Ink Monstr Apparel Textile Manufacturer Colorado Quick Quote ... Insurance Agency

Suggested Use

Top Pick Hair Salon Law Firm Nail Salon Dental Office Real Estate Agency Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,274

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in Denver, CO

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - 10,138 SF office/flex building near Downtown Denver.

Where is this office building located?

The property is located at 2721 W Holden Place Denver, CO.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Prime location minutes from Downtown Denver and Empower Field, with excellent access to I‑25, Colfax, and Federal Blvd.; Versatile 10,138 SF office/flex building with four units and CMX‑8 zoning.; Available 4,000 SF upper‑level suite ideal for an owner‑user.**