Renovated Freestanding Office
For Sale
$2,295,000
3801 Franklin Street, Denver, CO 80205
Historic character, exposed brick, wood beams, and updated building systems define this distinctive professional workplace.
Property Size8,865 SF
Price / SF$258.88
Days on Market47
Property Features for 3801 Franklin Street
General Information
Standard status
Active
Size
8,865 SF
Class
B
Property subtype
Office
Zoning
U-MX-2
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
exposed brick
wood beam ceilings
high ceilings
garage roll-up doors
rooftop HVAC units
400-amp electrical service
Building Details
Building Size
8,865 SF
Year Built
1896
Year Renovated
2015
Buildings
1
Stories
2
Construction
brick & beam
Listing Agency:
Unique Properties, Inc
Listed By:
Sam Leger · License #FA.040042452
(303) 941-8112
Source:
Uniqueprop
Added: Sep 2
Changed: Oct 11
Last Checked: Oct 16 at 8:00AM
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 Unique Properties, Inc
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Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 8,865 SF, with about 5,926 SF arranged across two above-grade floors and a full basement. A comprehensive renovation completed in 2015 added updated building systems while retaining exposed brick, wood beam ceilings, high ceilings, and historic character. Garage roll-up doors provide an additional functional feature, and the building is served by four rooftop HVAC units and 400-amp electrical service.
Located at 3801 Franklin Street in Denver’s Cole/RiNo submarket, the property is two blocks from the 38th & Blake light rail station. The site offers access to Downtown Denver, RiNo, I-70, and I-25. U-MX-2 zoning and the freestanding configuration support an owner-user office headquarters for professional service operations.
Located at 3801 Franklin Street in Denver’s Cole/RiNo submarket, the property is two blocks from the 38th & Blake light rail station. The site offers access to Downtown Denver, RiNo, I-70, and I-25. U-MX-2 zoning and the freestanding configuration support an owner-user office headquarters for professional service operations.
Key Highlights
- ±8,865 SF freestanding office building with approximately 5,926 SF across two above‑grade floors and a full basement
- Comprehensively renovated in 2015 with exposed brick, wood beam ceilings, and updated building systems
- Four rooftop HVAC units and 400‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,890
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,800
$2.6M
Cap Rate 7%
$1,855,571
$1.9M
Cap Rate 9%
$1,443,222
$1.4M
Market Conditions
NOI Build-Up for 8,865 SF
Gross rent
$234.0K $26.40/SF
− Vacancy
−$60.8K −$6.86/SF
EGI
$173.2K $19.54/SF
− OpEx
−$43.3K −$4.88/SF
NOI
$129.9K $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%
$2,597,800
Cap Rate 7%
$1,855,571
Cap Rate 9%
$1,443,222
Alternative Uses
Best Use
Office B
$1.86M
$1.62M – $2.16M
NOI $129,890 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,543 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,733
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Historic character, exposed brick, wood beams, and updated building systems define this distinctive professional workplace.
Where is this office building located?
The property is located at 3801 Franklin Street Denver, CO.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: ±8,865 SF freestanding office building with approximately 5,926 SF across two above‑grade floors and a full basement; Comprehensively renovated in 2015 with exposed brick, wood beam ceilings, and updated building systems; Four rooftop HVAC units and 400‑amp electrical service
