Freestanding Flex
For Sale
$325,000
3015 9th Avenue, Denver, CO 80204
Open-plan commercial space with two private patios, a kitchenette, and industrial sink.
Property Size851 SF
Price / SF$381.90
Days on Market16
Property Features for 3015 9th Avenue
General Information
Standard status
Active
Size
851 SF
Property subtype
Office
Zoning
E-MX-3 (Urban Mixed-Use)
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,019
Amenities
patio
kitchenette
industrial sink
3
Membrane
Building Details
Year Built
1959
Buildings
1
Listing Agency:
Your Castle Real Estate Inc
(970) 691-0385
Listed By:
Sam Cox
(970) 691-0385
Source:
Xome
Added: Aug 9
Changed: Aug 24
Last Checked: Aug 24 at 5:21AM
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 Your Castle Real Estate Inc
Investment Insights
Based on property information with market context.
This freestanding flex space offers an open-concept interior that can accommodate office, service, boutique, retail, creative studio, or warehouse functions. The property includes a functional kitchenette, industrial sink, and two private patio areas for outdoor meetings or breaks.
E-MX-3 (Urban Mixed-Use) zoning supports a range of commercial applications, including office and service uses as well as boutique and retail operations. Built in 1959, the property is located at 3015 W 9th Ave in Denver. Walk Score is 82, Bike Score is 76, and Transit Score is 43.
E-MX-3 (Urban Mixed-Use) zoning supports a range of commercial applications, including office and service uses as well as boutique and retail operations. Built in 1959, the property is located at 3015 W 9th Ave in Denver. Walk Score is 82, Bike Score is 76, and Transit Score is 43.
Key Highlights
- E‑MX‑3 (Urban Mixed‑Use) zoning
- Freestanding commercial building at 3015 W 9th Ave, Denver, CO 80204
- Open‑concept layout suited to office, service, boutique, retail, studio, or warehouse use
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
$12,469
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
3.84%
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%
$249,380
$249.4K
Cap Rate 7%
$178,129
$178.1K
Cap Rate 9%
$138,544
$138.5K
Market Conditions
NOI Build-Up for 851 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
$22.5K $26.40/SF
− Vacancy
−$5.8K −$6.86/SF
EGI
$16.6K $19.54/SF
− OpEx
−$4.2K −$4.88/SF
NOI
$12.5K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
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%
$249,380
Cap Rate 7%
$178,129
Cap Rate 9%
$138,544
Alternative Uses
Best Use
Office B
$178.1K
$155.9K – $207.8K
NOI $12,469 @ 7.0% cap · market cap 3.84%
Second Best
Flex RnD
$113.4K
$99.2K – $132.3K
NOI $7,939 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$270.9K
$237.0K – $316.1K
NOI $18,963 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space with two private patios, a kitchenette, and industrial sink.
Where is this flex space located?
The property is located at 3015 9th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: E‑MX‑3 (Urban Mixed‑Use) zoning; Freestanding commercial building at 3015 W 9th Ave, Denver, CO 80204; Open‑concept layout suited to office, service, boutique, retail, studio, or warehouse use
