Ground Floor Commercial
2950 Arkins Ct Denver, CO 80216
For Sale
$4,201,200
Two commercial condominiums in a newly constructed multi-family building.
Property Size21,006 SF
Price / SF$200
Days on Market148
Property Features for 2950 Arkins Ct
General Information
- Standard status
- Active
- Size
- 21,006 SF
- Property subtype
- Retail Condos
Building Details
- Year Built
- 2022
Listing Agency:
NAI Shames Makovsky
(303) 319-1262
Listed By:
Cory Dulberg · License #FA40046787
(303) 319-1262
Source:
Naiglobal
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 10 at 1:13PM
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 NAI Shames Makovsky
Investment Insights
Based on property information with market context.
Two ground floor commercial condominiums are available for purchase within The Deveraux, a newly constructed 8-story podium building featuring 374 multi-family units. The condominiums total 21,006 square feet. The property consists of two units: one unit offering 16,459 square feet and a second unit with 4,547 square feet. The units can be purchased separately.
Key Highlights
- Two ground floor commercial condominiums totaling 21,006 square feet.
- Located within The Deveraux, a newly constructed 374‑unit multi‑family building.
- 8‑story podium building.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $431.0k | $20.52 |
| − Vacancy | −$20.3k | −$0.96 |
| EGI | $410.8k | $19.56 |
| − OpEx | −$123.2k | −$5.87 |
| NOI | $287.5k | $13.69 |
21,006 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.11M
$3.59M – $4.79M
NOI $287,549 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.69M
$5.85M – $7.80M
NOI $468,088 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Deveraux
Apartment Complex
FAQs
What type of property is this?
Retail space - Two commercial condominiums in a newly constructed multi-family building.
Where is this retail space located?
The property is located at 2950 Arkins Ct Denver, CO.
What is the asking price?
The asking price for this property is $4,201,200.
What are key features of this property?
This property features: Two ground floor commercial condominiums totaling 21,006 square feet.; Located within The Deveraux, a newly constructed 374‑unit multi‑family building.; 8‑story podium building.
