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3109 FEDERAL BLVD DENVER CO 80211-3744, Denver, CO 80219
Established restaurant infrastructure includes a commercial kitchen, bar build-out, and off-street parking.
Property Size4,731 SF
Price / SF$380.47
Days on Market13
Property Features for 3109 FEDERAL BLVD DENVER CO 80211-3744
General Information
Standard status
Active
Size
4,731 SF
Property subtype
Retail
Zoning
U-MX-3
Investment Type
Owner/User
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Building Details
Year Built
1936
Year Renovated
1975
Listing Agency:
The Henry Group LLC
(303) 625-7444
Listed By:
Parker Beasley · License #100107906
Source:
Crexi
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 9:50AM
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 The Henry Group LLC
Investment Insights
Based on property information with market context.
This 4,731 SF restaurant property at 3109 Federal Boulevard in Denver includes a fully built-out dining and service operation. The commercial kitchen is equipped with a 12-foot hood, walk-in cooler, and grease trap. A completed bar area adds keg and fountain systems, coolers, and sinks, providing a substantial existing infrastructure for restaurant operations.
The property is positioned along Federal Boulevard and includes off-street parking for customers and employees. Built in 1936 and zoned U-MX-3, the asset combines an established building with restaurant-specific improvements already in place. Its configuration is suited to an operator seeking an existing commercial kitchen, bar installation, and supporting site features rather than a vacant shell.
The property is positioned along Federal Boulevard and includes off-street parking for customers and employees. Built in 1936 and zoned U-MX-3, the asset combines an established building with restaurant-specific improvements already in place. Its configuration is suited to an operator seeking an existing commercial kitchen, bar installation, and supporting site features rather than a vacant shell.
Key Highlights
- 4,731 SF restaurant property at 3109 Federal Boulevard in Denver
- Commercial kitchen with 12‑foot hood, walk‑in cooler, and grease trap
- Complete bar installation with keg and fountain systems, coolers, and sinks
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
$73,768
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
4.10%
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%
$1,475,360
$1.5M
Cap Rate 7%
$1,053,829
$1.1M
Cap Rate 9%
$819,644
$819.6K
Market Conditions
NOI Build-Up for 4,731 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
$102.2K $21.60/SF
− Vacancy
−$3.8K −$0.81/SF
EGI
$98.4K $20.79/SF
− OpEx
−$24.6K −$5.20/SF
NOI
$73.8K $15.59/SF
Area
ZIP 80219
Vacancy
3.75%
Lease Rate
$21.60 /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%
$1,475,360
Cap Rate 7%
$1,053,829
Cap Rate 9%
$819,644
Alternative Uses
Best Use
Specialty Retail
$1.05M
$922.1K – $1.23M
NOI $73,768 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$575.2K
$503.3K – $671.0K
NOI $40,261 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,469 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
2,184
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 30%
Shops & Services 29%
Safeway
Groceries
37,550 visits/mo
0.4 miles
Santiago's
Dining
10,994 visits/mo
0.5 miles
Conoco
Shops & Services
8,239 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,593 visits/mo
0.4 miles
AutoZone
Shops & Services
6,937 visits/mo
0.1 miles
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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- Himchuli - Highlands Indian & Nepali Cuisine — 3489 W 32nd Ave, Denver, CO 80211
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant infrastructure includes a commercial kitchen, bar build-out, and off-street parking.
Where is this conventional restaurant located?
The property is located at 3109 FEDERAL BLVD DENVER CO 80211-3744 Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,731 SF restaurant property at 3109 Federal Boulevard in Denver; Commercial kitchen with 12‑foot hood, walk‑in cooler, and grease trap; Complete bar installation with keg and fountain systems, coolers, and sinks
