3264 Larimer St, Denver, CO 80205

Building Details

Year Built 1959 More

Units 4 More

Tenancy Multi More

Listing Agency: Pinnacle Real Estate Advisors

Listed By: Peter Sengelmann · License CO FA.100043607 Show Phone

Source: Crexi

Added: Jul 30 Changed: Nov 7 Last Checked: Nov 12 at 6:45AM

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Investment Insights

Based on property information with market context.

Located at 3264 Larimer Street in Denver’s RiNo district, this 8,503-square-foot mixed-use property was originally built in 1959 and has been renovated into a creative office and retail environment. The building retains warehouse character while adding a mezzanine, exposed high ceilings, and a street-facing glass garage door that connects the retail area with Larimer Street.

Zoning is I-MX-3, UO-2, and DO-7. The property’s configuration supports a combination of office, retail, and creative commercial functions within a single building. Its address places the asset in RiNo, an urban Denver district known in the source material for its cultural and industrial character.

Key Highlights

• 8,503‑square‑foot mixed‑use property at 3264 Larimer Street in Denver, CO 80205
• Renovated warehouse‑style building with office and retail components
• Mezzanine level and exposed high ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$124,586

Cap Rate

5.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,491,720 $2.5M

Cap Rate 7%

$1,779,800 $1.8M

Cap Rate 9%

$1,384,289 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,503 SF

Gross rent

$224.5K $26.40/SF

− Vacancy

−$58.4K −$6.86/SF

EGI

$166.1K $19.54/SF

− OpEx

−$41.5K −$4.88/SF

NOI

$124.6K $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%

$2,491,720

Cap Rate 7%

$1,779,800

Cap Rate 9%

$1,384,289

Alternative Uses

Best Use

Office B

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,586 @ 7.0% cap · market cap 5.54%

Second Best

Mixed Use

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,765 @ 7.0% cap · market cap 5.32%

Theoretical Best

Office A

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,477 @ 7.0% cap · market cap 8.42%

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

Dio Mio Restaurant BUILD by Radian Coworking & Hybrid Office Juntos Association / Organization Juntos 2 College High School Montessori on Wheels Training Center

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Florist Nursing Home Pet Grooming Service Pet Store

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

Location Intelligence

Trade Area within ½ mile

2,935

Businesses Nearby

Explore this area Business Placement

Demographics for 80205, CO

34,967

Population

19,040

Households

1.8

Avg Household Size

34

Median Age

61%

College-Educated

94%

High-School Grad

4.6 sq mi

ZIP Area

7,602

Density / Sq Mi

$98,770

Median Household Income

$69,760

Median Earnings

$1,816

Median Rent

$627,600

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Denver, CO

$464 Jul

$472 Aug

$421 Sep

$428 Oct

Properties on Market for Mixed-use properties in Denver

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Denver, CO

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Warehouse conversion combines office and retail functions with mezzanine space and street-facing glass garage-door exposure.

Where is this mixed-use property located?

The property is located at 3264 Larimer St Denver, CO.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 8,503‑square‑foot mixed‑use property at 3264 Larimer Street in Denver, CO 80205; Renovated warehouse‑style building with office and retail components; Mezzanine level and exposed high ceilings