Retail Building with On-Site
For Sale
$1,478,000
3201 N Speer Blvd, Denver, CO 80211
Versatile retail building with a multi-tenant floorplan and on-site parking, suited for an investor or owner-user.
Property Size3,944 SF
Lot Size5,570.00 Acres
Price / SF$374.75
Days on Market50
Property Features for 3201 N Speer Blvd
General Information
Standard status
Active
Size
3,944 SF
Lot size
5,570.00 Acres
Property subtype
Retail
Zoning
U-SU-A1
Building Details
Building Size
3,944 SF
Year Built
1953
Listing Agency:
(713) 824-9777
Listed By:
Thomas Bannigan
(713) 824-9777
Source:
Uniqueprop
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 12 at 4:28AM
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 Thomas Bannigan
Investment Insights
Based on property information with market context.
This retail building offers a flexible floorplan that can support a variety of uses as well as multiple tenants. Constructed in 1953, the property totals 3,944 square feet and sits on a 5,570 square foot lot, with on-site parking included for customer and tenant convenience.
The property is located just blocks from Highlands Square at 32nd & Lowell, placing it within a well-established retail area of Denver. Current zoning is U-SU-A1, which supports consideration for a range of commercial uses consistent with the zoning framework.
With its adaptable layout and parking, the building fits well for an investor seeking a property that can accommodate more than one operating configuration, or for an owner-user looking for space that can be arranged to match day-to-day needs. The combination of a retail-oriented structure, multi-tenant-friendly design, and on-site parking makes it practical for businesses evaluating a presence near Highlands Square.
The property is located just blocks from Highlands Square at 32nd & Lowell, placing it within a well-established retail area of Denver. Current zoning is U-SU-A1, which supports consideration for a range of commercial uses consistent with the zoning framework.
With its adaptable layout and parking, the building fits well for an investor seeking a property that can accommodate more than one operating configuration, or for an owner-user looking for space that can be arranged to match day-to-day needs. The combination of a retail-oriented structure, multi-tenant-friendly design, and on-site parking makes it practical for businesses evaluating a presence near Highlands Square.
Key Highlights
- Built in 1953, 3,944 SF retail building with a multi‑tenant floorplan
- Lot size of 5,570 SF with on‑site parking
- Current zoning: U‑SU‑A1
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
$53,989
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
3.65%
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%
$1,079,780
$1.1M
Cap Rate 7%
$771,271
$771.3K
Cap Rate 9%
$599,878
$599.9K
Market Conditions
NOI Build-Up for 3,944 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
$80.9K $20.52/SF
− Vacancy
−$3.8K −$0.96/SF
EGI
$77.1K $19.56/SF
− OpEx
−$23.1K −$5.87/SF
NOI
$54.0K $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 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%
$1,079,780
Cap Rate 7%
$771,271
Cap Rate 9%
$599,878
Alternative Uses
Best Use
Retail
$771.3K
$674.9K – $899.8K
NOI $53,989 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,886 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
McDonald's
Dining
19,644 visits/mo
0.4 miles
AutoZone
Shops & Services
6,937 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
6,679 visits/mo
0.2 miles
U.S. Bank
Shops & Services
4,561 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,479 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Versatile retail building with a multi-tenant floorplan and on-site parking, suited for an investor or owner-user.
Where is this storefront property located?
The property is located at 3201 N Speer Blvd Denver, CO.
What is the asking price?
The asking price for this property is $1,478,000.
What are key features of this property?
This property features: Built in 1953, 3,944 SF retail building with a multi‑tenant floorplan; Lot size of 5,570 SF with on‑site parking; Current zoning: U‑SU‑A1
