Freestanding Retail and Office
For Sale
$599,000
4100 Morrison Road, Denver, CO 80219
Single-story freestanding building with extensive street frontage, dedicated on-site parking, and flexible E-MX-3 mixed-use zoning.
Property Size3,558 SF
Price / SF$168.35
Days on Market87
Property Features for 4100 Morrison Road
General Information
Standard status
Active
Size
3,558 SF
Property subtype
General Commercial
Zoning
E-MX-3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,527
Amenities
3
4 Parking Spaces. Concrete Driveway.
Paved Road.
Building Details
Year Built
1953
Stories
1
Listing Agency:
CITY PARK REALTY LLC
(303) 377-1488
Listed By:
Olga Trujillo
(720) 933-7104
Source:
Xome
Added: Jun 13
Changed: Sep 2
Last Checked: Sep 7 at 4:36AM
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 CITY PARK REALTY LLC
Investment Insights
Based on property information with market context.
This freestanding, single-story commercial building was built in 1953 and offers approximately 3,558 square feet of flexible space. The property is positioned on a high-visibility corner lot with more than 130 feet of direct street frontage, supporting strong signage exposure opportunities. Its E-MX-3 zoning (Urban Edge Mixed-Use) provides flexibility for retail, service, office, or automotive uses, alongside dedicated on-site parking.
The site is located at the corner of Morrison Road and Quitman Street in Denver’s Westwood area, positioned along a busy transit corridor near major Denver highways.
For an owner-operator or an investor seeking a versatile standalone building, the combination of flexible zoning, broad frontage, and on-site parking supports a range of practical commercial configurations.
The site is located at the corner of Morrison Road and Quitman Street in Denver’s Westwood area, positioned along a busy transit corridor near major Denver highways.
For an owner-operator or an investor seeking a versatile standalone building, the combination of flexible zoning, broad frontage, and on-site parking supports a range of practical commercial configurations.
Key Highlights
- 3,558 sq. ft. single‑story freestanding commercial building built in 1953
- Over 130 ft of direct street frontage on the corner of Morrison Road and Quitman Street
- Flexible E‑MX‑3 (Urban Edge Mixed‑Use) zoning supporting a range of retail, service, office, or automotive uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,600
$1.0M
Cap Rate 7%
$739,714
$739.7K
Cap Rate 9%
$575,333
$575.3K
Market Conditions
NOI Build-Up for 3,558 SF
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.
Gross rent
$76.9K $21.60/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$74.0K $20.79/SF
− OpEx
−$22.2K −$6.24/SF
NOI
$51.8K $14.55/SF
Area
ZIP 80219
Vacancy
3.75%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,600
Cap Rate 7%
$739,714
Cap Rate 9%
$575,333
Alternative Uses
Best Use
Office B
$858.5K
$751.2K – $1.00M
NOI $60,092 @ 7.0% cap · market cap 10.03%
Second Best
Retail
$739.7K
$647.3K – $863.0K
NOI $51,780 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$1.01M
$888.1K – $1.18M
NOI $71,046 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Single-story freestanding building with extensive street frontage, dedicated on-site parking, and flexible E-MX-3 mixed-use zoning.
Where is this retail space located?
The property is located at 4100 Morrison Road Denver, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,558 sq. ft. single‑story freestanding commercial building built in 1953; Over 130 ft of direct street frontage on the corner of Morrison Road and Quitman Street; Flexible E‑MX‑3 (Urban Edge Mixed‑Use) zoning supporting a range of retail, service, office, or automotive uses
