Retail Space with Rear
For Sale
Contact for pricing
2739 West Alameda Avenue, Denver, CO 80219
E-MX-3 zoning supports retail, office, and select light automotive uses.
Property Size1,640 SF
Price / SF$396.34
Days on Market185
Property Features for 2739 West Alameda Avenue
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Retail
Zoning
E-MX-3
Building Details
Year Built
1949
Listing Agency:
Madison Commercial Properties Ltd
(303) 771-3850
Listed By:
Matthew Harper · License #CO FA100077118
Source:
Crexi
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 3:08AM
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 Madison Commercial Properties Ltd
Investment Insights
Based on property information with market context.
This approximately 1,640-square-foot retail property was built in 1949 and includes a rear yard that can support parking or storage. The building offers a compact commercial footprint for a range of business operations.
Zoned E-MX-3, the property supports multiple retail and office applications, along with some light automotive uses. Its position on West Alameda Avenue places the building along a corridor reporting more than 28,000 passing cars daily, providing direct street exposure for an occupant.
Zoned E-MX-3, the property supports multiple retail and office applications, along with some light automotive uses. Its position on West Alameda Avenue places the building along a corridor reporting more than 28,000 passing cars daily, providing direct street exposure for an occupant.
Key Highlights
- Approximately 1,640 SF building on a 0.04‑acre lot
- Rear yard provides space for parking or storage
- E‑MX‑3 zoning supports retail and office uses, including some light automotive uses
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
$27,699
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
4.26%
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%
$553,980
$554.0K
Cap Rate 7%
$395,700
$395.7K
Cap Rate 9%
$307,767
$307.8K
Market Conditions
NOI Build-Up for 1,640 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
$43.3K $26.40/SF
− Vacancy
−$6.4K −$3.88/SF
EGI
$36.9K $22.52/SF
− OpEx
−$9.2K −$5.63/SF
NOI
$27.7K $16.89/SF
Area
ZIP 80219
Vacancy
14.70%
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%
$553,980
Cap Rate 7%
$395,700
Cap Rate 9%
$307,767
Alternative Uses
Best Use
Office B
$395.7K
$346.2K – $461.7K
NOI $27,699 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$341.0K
$298.3K – $397.8K
NOI $23,867 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$467.8K
$409.4K – $545.8K
NOI $32,748 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
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?
Retail space - E-MX-3 zoning supports retail, office, and select light automotive uses.
Where is this retail space located?
The property is located at 2739 West Alameda Avenue Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 1,640 SF building on a 0.04‑acre lot; Rear yard provides space for parking or storage; E‑MX‑3 zoning supports retail and office uses, including some light automotive uses
