Building Details

Year Built 2001

Listing Agency: MILEHIMODERN

Listed By: JAKE SUFFIAN · License #100053069 Show Phone

Source: Corcoran

Added: May 17, 2025 Changed: Mar 16 Last Checked: Aug 24 at 8:24AM

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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 MILEHIMODERN

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Investment Insights

Based on property information with market context.

This mixed-use zoned condo, currently utilized as a private residence, is suitable for live/work or business scenarios such as creative studios, boutique firms, or retail concepts. The property features new hardwood floors, custom concrete countertops, and a glass-topped kitchen island. Designer Samsung appliances, a wine fridge, and a plumbed coffee station enhance the kitchen, while an instant hot water line adds convenience. Walls and ceilings have been renewed, with recessed dimmable lighting and smart switches. The downstairs area is wired for sound, and upgraded Wi-Fi and networking components are hardwired upstairs. Updated systems include air conditioning, heating, a hot water heater, and new electrical throughout. Motorized shades, new windows, sliding glass doors, and ceiling fans are installed. The property size is 1596 square feet.

Key Highlights

• Mixed‑use zoning in RiNo allows for live/work or business scenarios.
• Completely renovated with new hardwood floors, custom concrete countertops, and designer appliances.
• Updated systems include new AC, heating, hot water heater, and electrical.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,385

Cap Rate

3.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$467,700 $467.7K

Cap Rate 7%

$334,071 $334.1K

Cap Rate 9%

$259,833 $259.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,596 SF

Gross rent

$42.1K $26.40/SF

− Vacancy

−$11.0K −$6.86/SF

EGI

$31.2K $19.54/SF

− OpEx

−$7.8K −$4.88/SF

NOI

$23.4K $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%

$467,700

Cap Rate 7%

$334,071

Cap Rate 9%

$259,833

Alternative Uses

Best Use

Office B

$334.1K

$292.3K – $389.8K (±1% cap)

NOI $23,385 @ 7.0% cap · market cap 3.63%

Second Best

Mixed Use

$321.1K

$281.0K – $374.7K (±1% cap)

NOI $22,480 @ 7.0% cap · market cap 3.49%

Theoretical Best

Office A

$508.1K

$444.6K – $592.7K (±1% cap)

NOI $35,564 @ 7.0% cap · market cap 5.51%

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

Property Analytics

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Open Analytics

Current Use

Sunshade Awning Building Supply Mind Spa Medical Clinic Studio Seven Photography (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hotel & Motel

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

2,624

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

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?

Live-work space - Modern live/work condo in RiNo, ideal for creative or retail.

Where is this live-work space located?

The property is located at 3295 Blake Street #102 Denver, CO.

What is the asking price?

The asking price for this property is $645,000.

What are key features of this property?

This property features: Mixed‑use zoning in RiNo allows for live/work or business scenarios.; Completely renovated with new hardwood floors, custom concrete countertops, and designer appliances.; Updated systems include new AC, heating, hot water heater, and electrical.