Retail Center with Garage
3550 West 38th Avenue Denver, CO 80211
For Sale
Contact for pricing
Retail center with high occupancy and ample parking.
Property Size22,041 SF
Price / SF$407.88
Days on Market65
Property Features for 3550 West 38th Avenue
General Information
Standard status
Active
Size
22,041 SF
Property subtype
Retail, Office
Building Details
Year Built
2017
Listing Agency:
Lucero Real Estate
(303) 458-0100
Listed By:
EUGENE LUCERO · License #224431
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 28 at 6:21PM
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
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 For Retail
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 | $452.3k | $20.52 |
| − Vacancy | −$21.3k | −$0.96 |
| EGI | $431.0k | $19.56 |
| − OpEx | −$129.3k | −$5.87 |
| NOI | $301.7k | $13.69 |
22,041 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.31M
$3.77M – $5.03M
NOI $301,717 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.02M
$6.14M – $8.19M
NOI $491,151 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 3800 W 44th Ave, Denver, CO 80211
- 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
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 $8,990,000.
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
