Creative Space in RiNo
For Sale
Contact for pricing
3457 Ringsby Ct, Denver, CO 80216
Mixed-use commercial condo in Denver's vibrant RiNo Arts District.
Property Size1,890 SF
Price / SF$369.84
Days on Market1301
Property Features for 3457 Ringsby Ct
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Office
Zoning
C-MX-8
Site & Location
Neighborhood
Globeville
Building Details
Year Built
2007
Listing Agency:
The Henry Group LLC
Listed By:
Parker Beasley · License #100107906
(720) 633-5593
Source:
Crexi
Added: Apr 11, 2023
Changed: Oct 25
Last Checked: Nov 1 at 5:14AM
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 The Henry Group LLC
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Investment Insights
Based on property information with market context.
Located at 3457 Ringsby Court, Suite 209, Denver, CO 80216, this 1,890 square foot unit is available for sale and lease within the TAXI campus. The TAXI campus is a mixed-use community designed for social and creative collaboration in Denver's River North Arts District (RiNo). Constructed between 2001 and 2018, the TAXI campus includes 9 buildings, approximately 150 businesses, and around 300 residents. Suite 209 is situated in TAXI 2, a 100,000 square foot building featuring four floors of commercial and residential condos. Seller financing is available. The lease rate is $5,000 per month gross.
Key Highlights
- Located in the heart of Denver's RiNo (River North Arts District), a vibrant and desirable location.
- Situated within the TAXI campus, a large, established mixed‑use community with a focus on social and creative collaboration.
- Unit 209 offers 1,890 SF of space suitable for various commercial or residential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,692
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,840
$553.8K
Cap Rate 7%
$395,600
$395.6K
Cap Rate 9%
$307,689
$307.7K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$49.9K $26.40/SF
− Vacancy
−$13.0K −$6.86/SF
EGI
$36.9K $19.54/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$27.7K $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%
$553,840
Cap Rate 7%
$395,600
Cap Rate 9%
$307,689
Alternative Uses
Best Use
Office B
$395.6K
$346.2K – $461.5K
NOI $27,692 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
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Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office unit - Mixed-use commercial condo in Denver's vibrant RiNo Arts District.
Where is this office unit located?
The property is located at 3457 Ringsby Ct Denver, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Located in the heart of Denver's RiNo (River North Arts District), a vibrant and desirable location.; Situated within the TAXI campus, a large, established mixed‑use community with a focus on social and creative collaboration.; Unit 209 offers **1,890 SF of space** suitable for various commercial or residential uses.
