Single-Story Retail
For Sale
$1,900,000
2775 Broadway, Englewood, CO 80113
Single-story retail building with open high-ceiling floor area, covered entry, and dedicated storage rooms.
Property Size5,188 SF
Price / SF$366.23
Days on Market199
Property Features for 2775 Broadway
General Information
Standard status
Active
Size
5,188 SF
Property subtype
Retail
Zoning
MU-B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$28,646
Amenities
covered front entry
decorative hand-painted columns
high ceilings
stained glass accent windows
track lighting
recessed lighting
tile flooring
carpet flooring
dedicated storage rooms
built-in shelving
3
Building Details
Year Built
1942
Stories
1
Listing Agency:
Corken + Company Real Estate Group, LLC
(720) 635-0117
Listed By:
Cameron Corken · License #EA.100090352
(720) 635-0117
Source:
Xome
Added: Jan 30
Changed: Aug 7
Last Checked: Aug 17 at 4:06AM
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 Corken + Company Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This single-story retail building offers a functional interior layout with open retail floor area and high ceilings. A covered front entry framed by a row of decorative hand-painted columns creates immediate street recognition, and the property’s 1942 construction is described as having solid building bones. Inside, the space includes stained glass accent windows, track and recessed lighting, and a combination of tile and carpet flooring. Dedicated storage rooms with built-in shelving support day-to-day operational needs.
The building is located on a portion of S Broadway that connects directly to I-25 and US-285, with two RTD light rail stations nearby. The corridor is described as anchored to the north by Swedish Medical Center, and the surrounding area has seen consistent investment activity.
The property is situated on a 19,979 SF lot zoned MU-B-2 and is positioned within a federally designated Opportunity Zone. The listing notes an existing agreement with the neighboring property that supports leasing additional spaces for extra parking flexibility; buyers are encouraged to confirm redevelopment potential directly with the City of Englewood.
The building is located on a portion of S Broadway that connects directly to I-25 and US-285, with two RTD light rail stations nearby. The corridor is described as anchored to the north by Swedish Medical Center, and the surrounding area has seen consistent investment activity.
The property is situated on a 19,979 SF lot zoned MU-B-2 and is positioned within a federally designated Opportunity Zone. The listing notes an existing agreement with the neighboring property that supports leasing additional spaces for extra parking flexibility; buyers are encouraged to confirm redevelopment potential directly with the City of Englewood.
Key Highlights
- 5,674 SF single‑story retail building with open floor area, high ceilings, and stained glass accent windows
- 19,979 SF lot zoned MU‑B‑2, with redevelopment potential to be verified with the City of Englewood
- Built in 1942; covered front entry with a row of decorative hand‑painted columns
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
$93,739
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
4.93%
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%
$1,874,780
$1.9M
Cap Rate 7%
$1,339,129
$1.3M
Cap Rate 9%
$1,041,544
$1.0M
Market Conditions
NOI Build-Up for 5,188 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
$140.1K $27.00/SF
− Vacancy
−$6.2K −$1.19/SF
EGI
$133.9K $25.81/SF
− OpEx
−$40.2K −$7.74/SF
NOI
$93.7K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /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%
$1,874,780
Cap Rate 7%
$1,339,129
Cap Rate 9%
$1,041,544
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.56M
NOI $93,739 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$77.03M
$67.40M – $89.86M
NOI $5,391,766 @ 7.0% cap · market cap 283.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80113, CO
22,821
Population
11,447
Households
2
Avg Household Size
39
Median Age
58%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,964
Density / Sq Mi
$95,543
Median Household Income
$59,529
Median Earnings
$1,588
Median Rent
$699,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
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?
Storefront property - Single-story retail building with open high-ceiling floor area, covered entry, and dedicated storage rooms.
Where is this storefront property located?
The property is located at 2775 Broadway Englewood, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,674 SF single‑story retail building with open floor area, high ceilings, and stained glass accent windows; 19,979 SF lot zoned MU‑B‑2, with redevelopment potential to be verified with the City of Englewood; Built in 1942; covered front entry with a row of decorative hand‑painted columns
