Retail Center with Garage
For Sale
Contact for pricing
3550 West 38th Avenue, Denver, CO 80211
Retail center with high occupancy and ample parking.
Property Size22,041 SF
Price / SF$385.64
Days on Market144
Property Features for 3550 West 38th Avenue
General Information
Standard status
Active
Size
22,041 SF
Class
A
Total Parking Spaces
175
Property subtype
Office, Mixed Use, Hospitality
Zoning
C-MX5
Occupancy
100%
Lease Type
NNN
Investment Type
Institutional
Net Operating Income
$617,700
Building Details
Year Built
2017
Tenancy
Multi
Listing Agency:
Lucero Real Estate
Listed By:
EUGENE LUCERO · License #224431
(303) 458-0100
Source:
Crexi
Added: May 26
Changed: Sep 15
Last Checked: Oct 16 at 6:25AM
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 Lucero Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center, identified as Retail A, features eight commercial units and is currently 100% occupied by tenants. The property includes 52 surface parking spaces, complemented by an additional 123 spaces in a lower-level garage. The total property size is 22041 square feet.
Key Highlights
- 100% Occupancy with Quality Tenants
- Unique parking: 52 surface spaces and 123 lower‑level garage spaces
- Well‑located retail center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,717
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,034,340
$6.0M
Cap Rate 7%
$4,310,243
$4.3M
Cap Rate 9%
$3,352,411
$3.4M
Market Conditions
NOI Build-Up for 22,041 SF
Gross rent
$452.3K $20.52/SF
− Vacancy
−$21.3K −$0.96/SF
EGI
$431.0K $19.56/SF
− OpEx
−$129.3K −$5.87/SF
NOI
$301.7K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,034,340
Cap Rate 7%
$4,310,243
Cap Rate 9%
$3,352,411
Alternative Uses
Best Use
Retail
$4.31M
$3.77M – $5.03M
NOI $301,717 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.02M
$6.14M – $8.19M
NOI $491,151 @ 7.0% cap · market cap 5.78%
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
Location Intelligence
Trade Area within ½ mile
1,908
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 34%
Shops & Services 31%
Beauty & Spa 2%
Safeway
Groceries
34,474 visits/mo
0.5 miles
McDonald's
Dining
19,644 visits/mo
0.2 miles
Taco Bell
Dining
8,453 visits/mo
0.2 miles
Safeway Gas
Shops & Services
8,316 visits/mo
0.5 miles
Circle K
Shops & Services
7,005 visits/mo
0.1 miles
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
Similar Off Market Nearby
- Green Commons At Highlands Garden Village — 4500 W 38th Ave, Denver, CO 80212
- West 38th Street S.C. — 2630 W 38th Ave, Denver, CO 80211
- Coinstar Kiosk | Bitcoin ATM — Safeway, 3800 W 44th Ave, Denver, CO 80211
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with high occupancy and ample parking.
Where is this shopping center located?
The property is located at 3550 West 38th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 100% Occupancy with Quality Tenants; Unique parking: 52 surface spaces and 123 lower‑level garage spaces; Well‑located retail center
