Englewood Medical/Dental Office
For Sale
Contact for pricing
3515 S Delaware St, Englewood, CO 80110
9,696 SF building in Southwest Denver with mixed-use zoning.
Property Size9,696 SF
Price / SF$190.70
Days on Market735
Property Features for 3515 S Delaware St
General Information
Standard status
Active
Size
9,696 SF
Property subtype
Mixed Use, Office
Building Details
Year Built
1961
Listing Agency:
Espi Agency L.L.C.
Listed By:
Adrian Espinoza Sr. · License #ER100081969
Source:
Crexi
Added: Jul 26, 2024
Changed: Jul 6
Last Checked: Jul 30 at 11:16AM
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 Espi Agency L.L.C.
Investment Insights
Based on property information with market context.
This 9,696 square foot building, constructed in 1961, is currently operating as a medical/dental office with additional office space in the basement. Located in the Southwest Denver submarket, the property benefits from Mixed-Use General Arterial Business Zone District (MU-B-2) zoning, which allows for a wide range of permitted uses. The property features 26 on-site parking spaces and is located in an enterprise zone. The property is competitively priced within the submarket, which benefits from low vacancy rates and strong demand from industries such as healthcare, defense, and engineering. This property offers a rare investment opportunity with significant growth potential.
Key Highlights
- Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.
- Located in the Southwest Denver submarket, benefiting from low vacancy rates and strong demand.
- Currently operating as a Medical/Dental office, presenting immediate income potential.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.3k | $22.20 |
| − Vacancy | −$30.4k | −$3.13 |
| EGI | $184.9k | $19.07 |
| − OpEx | −$69.3k | −$7.15 |
| NOI | $115.6k | $11.92 |
9,696 SF · lease $22.20/SF/yr · vacancy 14.10% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.65M
$1.44M – $1.93M
NOI $115,563 @ 7.0% cap · market cap 6.25%
Second Best
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,653 @ 7.0% cap · market cap 6.15%
Theoretical Best
Multifamily LT 5
$143.95M
$125.96M – $167.95M
NOI $10,076,823 @ 7.0% cap · market cap 544.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 9,696 SF building in Southwest Denver with mixed-use zoning.
Where is this medical office space located?
The property is located at 3515 S Delaware St Englewood, CO.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.; Located in the Southwest Denver submarket, benefiting from low vacancy rates and strong demand.; Currently operating as a Medical/Dental office, presenting immediate income potential.
