Englewood Retail/Redevelopment
For Sale
$1,900,000
2775 S Broadway, Englewood, CO 80113
High-visibility retail building with redevelopment potential in Englewood.
Property Size5,188 SF
Lot Size0.43 Acres
Price / SF$334.86
Days on Market145
Property Features for 2775 S Broadway
General Information
Standard status
Active
Size
5,188 SF
Lot size
0.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$28,646
Building Details
Building Size
5,188 SF
Year Built
1942
Units
1
Listing Agency:
Corken + Company Real Estate Group, LLC
(720) 434-4319
Listed By:
Rachel Sartin · License #EA.100090352
(720) 434-4319
Source:
Elliman
Added: Mar 31
Changed: Aug 9
Last Checked: Aug 22 at 7:41AM
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 building, constructed in 1942, offers 5,674 square feet of space suitable for various commercial uses. The property features a covered front entry with decorative hand-painted columns, providing street visibility. The interior includes an open retail floor area with high ceilings, stained glass accent windows, track and recessed lighting, and a combination of tile and carpet flooring. Dedicated storage rooms with built-in shelving enhance functionality. The building is move-in ready for retail, gallery, wellness, experiential, office, or service commercial operators. An existing agreement with the neighboring property allows for leasing additional parking spaces. Situated on a 19,979 square foot lot zoned MU-B-2, the property presents redevelopment possibilities. Buyers should verify redevelopment potential with the City of Englewood. The property is located in a federally designated Opportunity Zone. S Broadway provides direct access to I-25 and US-285, with two RTD light rail stations nearby. Swedish Medical Center is located to the north. The property is located on one of Englewood's busiest corridors and has seen consistent investment activity.
Key Highlights
- High‑visibility location on a busy corridor with consistent investment and limited new supply.
- Large 5,674 SF move‑in ready space suitable for retail, gallery, office, or service commercial use.
- Significant 19,979 SF lot zoned MU‑B‑2, offering redevelopment potential (buyer to verify).
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
$102,520
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
5.40%
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%
$2,050,400
$2.1M
Cap Rate 7%
$1,464,571
$1.5M
Cap Rate 9%
$1,139,111
$1.1M
Market Conditions
NOI Build-Up for 5,674 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
$153.2K $27.00/SF
− Vacancy
−$6.7K −$1.19/SF
EGI
$146.5K $25.81/SF
− OpEx
−$43.9K −$7.74/SF
NOI
$102.5K $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%
$2,050,400
Cap Rate 7%
$1,464,571
Cap Rate 9%
$1,139,111
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,520 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$84.24M
$73.71M – $98.28M
NOI $5,896,854 @ 7.0% cap · market cap 310.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Chick-fil-A
Dining
26,316 visits/mo
0.2 miles
SONIC Drive In
Dining
13,820 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,722 visits/mo
0.3 miles
Panda Express
Dining
11,452 visits/mo
0.1 miles
Starbucks
Dining
7,758 visits/mo
0.1 miles
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
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail building with redevelopment potential in Englewood.
Where is this retail space located?
The property is located at 2775 S 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: High‑visibility location on a busy corridor with consistent investment and limited new supply.; Large 5,674 SF move‑in ready space suitable for retail, gallery, office, or service commercial use.; Significant 19,979 SF lot zoned MU‑B‑2, offering redevelopment potential (buyer to verify).
