Victorian Office
For Sale
$699,000
3132 Federal Boulevard, Denver, CO 80211
Flexible commercial layout with U-MX-3 zoning, private parking, and convenient access to central Denver destinations.
Property Size1,879 SF
Price / SF$372.01
Days on Market83
Property Features for 3132 Federal Boulevard
General Information
Standard status
Active
Size
1,879 SF
Total Parking Spaces
4
Zoning
U-MX-3
Additional Details
Road Access
Yes
Amenities
dedicated conference room
full kitchen/break area
Building Details
Year Built
1893
Buildings
1
Building Size
1,879 SF
Construction
Victorian
Listing Agency:
Banyan Real Estate LLC
Listed By:
Chris Lamee · License #001315204
(303) 573-5573
Source:
Pathhometeam
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 7 at 3:54PM
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 Banyan Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1893, this converted Victorian office building contains 1,879 SF arranged around seven private offices, a dedicated conference room, two restrooms, and a full kitchen and break area. The configuration provides defined workspaces alongside areas for meetings and daily operations. U-MX-3 zoning supports a range of commercial office uses, including the professional, medical, legal, accounting, and creative businesses identified for the property.
The building fronts Federal Boulevard with strong street exposure and is located 1.4 miles from Ball Arena, 1 mile from Empower Field at Mile High, and 2 miles from Downtown Denver. Surrounding retail, restaurants, and major transportation routes add to the property's access and operating convenience. Four off-street parking spaces are included.
The building fronts Federal Boulevard with strong street exposure and is located 1.4 miles from Ball Arena, 1 mile from Empower Field at Mile High, and 2 miles from Downtown Denver. Surrounding retail, restaurants, and major transportation routes add to the property's access and operating convenience. Four off-street parking spaces are included.
Key Highlights
- 1,879 SF office building constructed in 1893
- Seven private offices, conference room, two restrooms, and full kitchen/break area
- U‑MX‑3 zoning supports a range of commercial office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,531
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,620
$550.6K
Cap Rate 7%
$393,300
$393.3K
Cap Rate 9%
$305,900
$305.9K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$49.6K $26.40/SF
− Vacancy
−$12.9K −$6.86/SF
EGI
$36.7K $19.54/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$27.5K $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 Rate 5%
$550,620
Cap Rate 7%
$393,300
Cap Rate 9%
$305,900
Alternative Uses
Best Use
Office B
$393.3K
$344.1K – $458.9K
NOI $27,531 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$598.2K
$523.4K – $697.9K
NOI $41,871 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
Median Home Value
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with U-MX-3 zoning, private parking, and convenient access to central Denver destinations.
Where is this office building located?
The property is located at 3132 Federal Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,879 SF office building constructed in 1893; Seven private offices, conference room, two restrooms, and full kitchen/break area; U‑MX‑3 zoning supports a range of commercial office uses
