Historic Two-Story Storefront
For Sale
Contact for pricing
300 Elati St, Denver, CO 80223
Renovated commercial building with full occupancy and two complementary tenant spaces in Denver’s Baker neighborhood.
Property Size5,939 SF
Price / SF$269.41
Days on Market66
Property Features for 300 Elati St
General Information
Standard status
Active
Size
5,939 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Year Renovated
2005
Stories
2
Tenancy
Multi
Listing Agency:
Northpeak Commercial Advisors
(720) 738-1949
Listed By:
Scott Fetter
(720) 470-3646
Source:
Moodyscre
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 16 at 9:23AM
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 Northpeak Commercial Advisors
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Investment Insights
Based on property information with market context.
The property comprises a historic commercial building at 300–306 Elati St. with approximately 5,939 square feet arranged across two stories. Previous ownership completed a studs-out renovation in 2005, updating building systems and interior finishes while retaining the character of the original structure. The building is fully occupied by two complementary commercial tenants serving different daytime and evening customer bases.
The asset is positioned in Denver’s Baker neighborhood, just south of the Denver Health Medical Campus and minutes from Downtown Denver. Its urban infill setting places the property within a walkable submarket described in the source information as rapidly evolving. The combination of renovated improvements, preserved architectural character, and full occupancy defines the property’s current commercial profile.
The asset is positioned in Denver’s Baker neighborhood, just south of the Denver Health Medical Campus and minutes from Downtown Denver. Its urban infill setting places the property within a walkable submarket described in the source information as rapidly evolving. The combination of renovated improvements, preserved architectural character, and full occupancy defines the property’s current commercial profile.
Key Highlights
- Approximately 5,939 square feet across two stories
- Full occupancy by two complementary commercial tenants
- Studs‑out renovation completed in 2005 with updated systems and interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,298
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,960
$1.6M
Cap Rate 7%
$1,161,400
$1.2M
Cap Rate 9%
$903,311
$903.3K
Market Conditions
NOI Build-Up for 5,939 SF
Gross rent
$121.9K $20.52/SF
− Vacancy
−$5.7K −$0.96/SF
EGI
$116.1K $19.56/SF
− OpEx
−$34.8K −$5.87/SF
NOI
$81.3K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,960
Cap Rate 7%
$1,161,400
Cap Rate 9%
$903,311
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.35M
NOI $81,298 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,342 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,608
Businesses Nearby
97k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 41%
Apparel 6%
Hotels & Casinos 4%
Punch Bowl Social
Dining
21,446 visits/mo
0.4 miles
Sinclair
Shops & Services
10,475 visits/mo
0.4 miles
Santiago's
Dining
10,185 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,759 visits/mo
0.4 miles
Conoco
Shops & Services
7,163 visits/mo
0.4 miles
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Denver, CO
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated commercial building with full occupancy and two complementary tenant spaces in Denver’s Baker neighborhood.
Where is this storefront property located?
The property is located at 300 Elati St Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 5,939 square feet across two stories; Full occupancy by two complementary commercial tenants; Studs‑out renovation completed in 2005 with updated systems and interiors
