Mixed-Use Property with
New
For Sale
$1,200,000
4324 So. Broadway, Englewood, CO 80113
Business Opportunity, Englewood, CO
Property Size5,122 SF
Price / SF$234.28
Days on Market3
Property Features for 4324 So. Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Directions
gps
Standard status
Active
Size
5,122 SF
Utilities
Water source
Well
Building Details
Year built
1940
Flooring type
Linoleum, Carpet
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Key Real Estate Group
(303) 740-7676
Listed By:
Alex Kishinevsky
(720) 218-9364
Added: Sep 5
Last Checked: Sep 7 at 4:06PM
MLS# 11968353
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines residential and retail components within a 5,122-square-foot building. The ground floor contains two retail spaces, while four apartments are located on the upper level. Existing interior finishes include linoleum and carpet flooring.
Constructed in 1940, the building features an asphalt roof and a well water source. The property is located at 4324 So. Broadway in Englewood, Colorado, with a 80113 ZIP code. Its configuration places storefront-oriented space and apartments within the same building.
Constructed in 1940, the building features an asphalt roof and a well water source. The property is located at 4324 So. Broadway in Englewood, Colorado, with a 80113 ZIP code. Its configuration places storefront-oriented space and apartments within the same building.
Key Highlights
- Four apartments positioned above two ground‑floor retail spaces
- 5,122‑square‑foot mixed‑use building
- Located at 4324 So. Broadway, Englewood, CO 80113
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
$92,546
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
7.71%
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%
$1,850,920
$1.9M
Cap Rate 7%
$1,322,086
$1.3M
Cap Rate 9%
$1,028,289
$1.0M
Market Conditions
NOI Build-Up for 5,122 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
$138.3K $27.00/SF
− Vacancy
−$6.1K −$1.19/SF
EGI
$132.2K $25.81/SF
− OpEx
−$39.7K −$7.74/SF
NOI
$92.5K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /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%
$1,850,920
Cap Rate 7%
$1,322,086
Cap Rate 9%
$1,028,289
Alternative Uses
Best Use
Multifamily LT 5
$76.05M
$66.54M – $88.72M
NOI $5,323,173 @ 7.0% cap · market cap 443.60%
Second Best
Apartment 5plus
$65.97M
$57.72M – $76.96M
NOI $4,617,608 @ 7.0% cap · market cap 384.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 80113, CO
22,821
Population
11,447
Households
2
Avg Household Size
39
Median Age
58%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,964
Density / Sq Mi
$95,543
Median Household Income
$59,529
Median Earnings
$1,588
Median Rent
$699,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail spaces occupy the ground floor, with four apartments arranged above.
Where is this mixed-use property located?
The property is located at 4324 So. Broadway Englewood, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four apartments positioned above two ground‑floor retail spaces; 5,122‑square‑foot mixed‑use building; Located at 4324 So. Broadway, Englewood, CO 80113
