Building Details

Year Renovated 2009

Listing Agency: Shames Makovsky Show Phone

Listed By: Solomon Stark Show Phone

Source: Moodyscre

Added: Nov 19, 2025 Changed: Oct 3 Last Checked: Oct 7 at 3:05PM

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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 Shames Makovsky

Investment Insights

Based on property information with market context.

The Good Building is a creative office/flex property that was completely renovated in 2009, earning LEED-CS designation for adaptive reuse. The building was designed by tres birds workshop, with sustainable elements including a 19.2 kW photovoltaic system for on-site solar energy production, solar “tubes” for day lighting distribution, and an integrated French drain system that utilizes roof runoff to irrigate trees. Additional design features include reclaimed and recycled materials incorporated throughout, along with a mural on the north side spelling out “GOOD.”

The property is located at 3330 Larimer St, Denver, CO 80205 in the RiNo area and is described as a landmark building within the neighborhood.

With its creative office/flex orientation and sustainability-focused improvements, the building provides an innovative adaptive reuse setting for tenants seeking a distinctive work environment.

Key Highlights

• Completely renovated creative office/flex building in 2009 with LEED‑CS designation
• 19.2 kW photovoltaic system for on‑site solar energy production
• Solar “tubes” provide day lighting distribution throughout the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$162,579

Cap Rate

3.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,251,580 $3.3M

Cap Rate 7%

$2,322,557 $2.3M

Cap Rate 9%

$1,806,433 $1.8M

Market Conditions

NOI Build-Up for 11,096 SF

Gross rent

$292.9K $26.40/SF

− Vacancy

−$76.2K −$6.86/SF

EGI

$216.8K $19.54/SF

− OpEx

−$54.2K −$4.88/SF

NOI

$162.6K $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%

$3,251,580

Cap Rate 7%

$2,322,557

Cap Rate 9%

$1,806,433

Alternative Uses

Best Use

Office B

$2.32M

$2.03M – $2.71M (±1% cap)

NOI $162,579 @ 7.0% cap · market cap 3.42%

Second Best

Flex RnD

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,512 @ 7.0% cap · market cap 2.18%

Theoretical Best

Office A

$3.53M

$3.09M – $4.12M (±1% cap)

NOI $247,258 @ 7.0% cap · market cap 5.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Artdrop | Fine Art ... (Bike/Boat/Book/etc) Store Final Phase Wellness Alternative Medicine Practice Peak Creative Marketing & Advertising Core Progression Elite ... Gym & Fitness Center Architect Chiropractic Alternative Medicine Practice

Suggested Use

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

2,838

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

Questions? Ask Rey

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What type of property is this? Where is this creative space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Creative space - Completely renovated creative office/flex building with LEED-CS designation and a 19.2 kW on-site solar PV system.

Where is this creative space located?

The property is located at 3330 Larimer St Denver, CO.

What is the asking price?

The asking price for this property is $4,750,000.

What are key features of this property?

This property features: Completely renovated creative office/flex building in 2009 with LEED‑CS designation; 19.2 kW photovoltaic system for on‑site solar energy production; Solar “tubes” provide day lighting distribution throughout the building