Multi-Tenant Retail
New
For Sale
$1,700,000
4450 Morrison Road, Denver, CO 80219
Multiple tenant areas, on-site parking, and storage accompany this Morrison Road retail property.
Property Size8,996 SF
Lot Size0.88 Acres
Price / SF$188.97
Days on Market4
Property Features for 4450 Morrison Road
General Information
Standard status
Active
Size
8,996 SF
Lot size
0.88 Acres
Property subtype
Retail
Zoning
E-MX-3
Site & Location
Neighborhood
Westwood
Additional Details
Asking Price
$1,700,000
Taxes and HOA fees
Annual Taxes
$36,206
Amenities
on-site parking
additional storage opportunities
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Casablanca Realty Homes, LLC
Listed By:
Claudia I Loera
(303) 773-3300
Source:
Eliselosassore
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 3 at 6:57AM
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 Casablanca Realty Homes, LLC
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Investment Insights
Based on property information with market context.
This retail property contains approximately 8,996 square feet across multiple tenant spaces on approximately 0.88 acres. On-site parking and additional storage are among its existing features. The building dates to 1960, and the site is zoned E-MX-3; commercial or mixed-use options are subject to applicable zoning requirements and approvals.
The property is located on Morrison Road near West Kentucky Avenue, with approximately 224 feet of road frontage. Downtown Denver is approximately 5–6 miles away. Nearby areas and destinations named for the property include Lakewood, Belmar, Barnum, Athmar Park, and the Federal Boulevard commercial corridor. Connections to major transportation corridors provide access across the Denver metropolitan area.
The property is located on Morrison Road near West Kentucky Avenue, with approximately 224 feet of road frontage. Downtown Denver is approximately 5–6 miles away. Nearby areas and destinations named for the property include Lakewood, Belmar, Barnum, Athmar Park, and the Federal Boulevard commercial corridor. Connections to major transportation corridors provide access across the Denver metropolitan area.
Key Highlights
- Approximately 8,996 square feet of multi‑tenant retail space
- Approximately 0.88 acres
- Approximately 224 feet of Morrison Road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,919
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,618,380
$2.6M
Cap Rate 7%
$1,870,271
$1.9M
Cap Rate 9%
$1,454,656
$1.5M
Market Conditions
NOI Build-Up for 8,996 SF
Gross rent
$194.3K $21.60/SF
− Vacancy
−$7.3K −$0.81/SF
EGI
$187.0K $20.79/SF
− OpEx
−$56.1K −$6.24/SF
NOI
$130.9K $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 Rate 5%
$2,618,380
Cap Rate 7%
$1,870,271
Cap Rate 9%
$1,454,656
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $130,919 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,632 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
QuikTrip
Shops & Services
11,999 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,502 visits/mo
0.5 miles
Domino's Pizza
Dining
3,069 visits/mo
0.3 miles
First Cash
Shops & Services
1,640 visits/mo
0.5 miles
U-Haul At Sheridan & Mississippi
Shops & Services
1,207 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Retail space - Multiple tenant areas, on-site parking, and storage accompany this Morrison Road retail property.
Where is this retail space located?
The property is located at 4450 Morrison Road Denver, CO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 8,996 square feet of multi‑tenant retail space; Approximately 0.88 acres; Approximately 224 feet of Morrison Road frontage
