Updated Live-Work
For Sale
$499,000
3295 Blake Street Unit 102, Denver, CO 80205
Flexible owner-user layout combines living space with low-visitor professional or creative workspace.
Property Size1,596 SF
Price / SF$312.66
Days on Market221
Property Features for 3295 Blake Street Unit 102
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Office
Additional Details
Asking Price
$519,000
Taxes and HOA fees
Annual Taxes
$3,318
Building Details
Building Size
1,596 SF
Year Built
2001
Listing Agency:
Milehimodern
Listed By:
Jake Suffian · License #100053069
(720) 471-2056
Source:
Corken
Added: Feb 27
Changed: Sep 29
Last Checked: Oct 5 at 11:35PM
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
Investment Insights
Based on property information with market context.
This 1,596-square-foot live-work property, built in 2001, has been extensively updated for combined residential use and a low-visitor professional or creative workspace. Improvements include hardwood flooring, recessed dimmable lighting, smart switches, hardwired Wi-Fi and networking, lower-level sound wiring, upgraded electrical, updated HVAC, a newer water heater, motorized shades, and newer windows and sliding glass doors. The kitchen area features custom concrete countertops, a glass-topped island, Samsung appliances, a wine refrigerator, and a plumbed coffee station. A private outdoor area and gated parking add functional separation between daily living and work activities.
Located at 3295 Blake Street Unit 102 in Denver’s RiNo Art District, the property provides access to light rail, restaurants, galleries, and the district’s creative and business community. Monthly HOA services include water, sewer, landscaping, snow removal, building and roof maintenance, driveway upkeep, master insurance, and capital reserve contributions. Business use remains subject to applicable zoning, HOA requirements, and approval.
Located at 3295 Blake Street Unit 102 in Denver’s RiNo Art District, the property provides access to light rail, restaurants, galleries, and the district’s creative and business community. Monthly HOA services include water, sewer, landscaping, snow removal, building and roof maintenance, driveway upkeep, master insurance, and capital reserve contributions. Business use remains subject to applicable zoning, HOA requirements, and approval.
Key Highlights
- 1,596‑square‑foot live‑work property at 3295 Blake Street Unit 102
- Extensively updated interior with upgraded electrical, HVAC, windows, and sliding glass doors
- Hardwired Wi‑Fi and networking with lower‑level sound wiring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,385
Cap Rate
4.69%
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
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
NOI $23,385 @ 7.0% cap · market cap 4.69%
Second Best
Mixed Use
$321.1K
$281.0K – $374.7K
NOI $22,480 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$508.1K
$444.6K – $592.7K
NOI $35,564 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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?
Live-work space - Flexible owner-user layout combines living space with low-visitor professional or creative workspace.
Where is this live-work space located?
The property is located at 3295 Blake Street Unit 102 Denver, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,596‑square‑foot live‑work property at 3295 Blake Street Unit 102; Extensively updated interior with upgraded electrical, HVAC, windows, and sliding glass doors; Hardwired Wi‑Fi and networking with lower‑level sound wiring
