324-336 S Broadway, Denver, CO 80209

Listing Agency: Lee & Associates | Denver Show Phone

Listed By: Joe DeBarr · License CO FA.100108483 Show Phone

Source: Moodyscre

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 10 at 11:41AM

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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 Lee & Associates | Denver

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Investment Insights

Based on property information with market context.

This 11,472-square-foot storefront retail building is located at 324-336 S Broadway in Denver. It fronts the South Broadway corridor near W Alameda Avenue.

Key Highlights

• 11,472‑square‑foot storefront retail building
• Located on South Broadway near W Alameda Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$157,039

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,140,780 $3.1M

Cap Rate 7%

$2,243,414 $2.2M

Cap Rate 9%

$1,744,878 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,472 SF

Gross rent

$235.4K $20.52/SF

− Vacancy

−$11.1K −$0.96/SF

EGI

$224.3K $19.56/SF

− OpEx

−$67.3K −$5.87/SF

NOI

$157.0K $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 Rate 5%

$3,140,780

Cap Rate 7%

$2,243,414

Cap Rate 9%

$1,744,878

Alternative Uses

Best Use

Retail

$2.24M

$1.96M – $2.62M (±1% cap)

NOI $157,039 @ 7.0% cap · market cap 5.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.65M

$3.20M – $4.26M (±1% cap)

NOI $255,637 @ 7.0% cap · market cap 8.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Mobile Phone Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

5,143

Businesses Nearby

168k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 43% Groceries 22% Apparel 21% Shops & Services 12%

Trader Joe's Groceries

36,155 visits/mo 0.5 miles

Goodwill Apparel

28,850 visits/mo 0.4 miles

Punch Bowl Social Dining

21,446 visits/mo 0.3 miles

Wendy's Dining

16,634 visits/mo 0.4 miles

Dunkin' Donuts Dining

7,759 visits/mo 0.1 miles

Demographics for 80209, CO

27,061

Population

16,045

Households

1.7

Avg Household Size

38

Median Age

80%

College-Educated

99%

High-School Grad

3.5 sq mi

ZIP Area

7,732

Density / Sq Mi

$118,759

Median Household Income

$81,604

Median Earnings

$1,981

Median Rent

$971,500

Median Home Value

Market

Properties on Market for Storefront properties in Denver

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Denver, CO

6.7% 2019

7.4% 2020

6.5% 2021

5.4% 2022

5.2% 2023

4.8% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The property sits on Denver’s South Broadway retail corridor near the W Alameda Avenue intersection.

Where is this storefront property located?

The property is located at 324-336 S Broadway Denver, CO.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 11,472‑square‑foot storefront retail building; Located on South Broadway near W Alameda Avenue