Duplex with Rooftop
For Sale
$999,999
4455 Tejon St, Denver, CO 80211
Contemporary property with three levels, private outdoor space, and a two-car insulated garage.
Property Size2,317 SF
Days on Market143
Property Features for 4455 Tejon St
General Information
Standard status
Active
Size
2,317 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,656
Amenities
covered front porch
wide-plank hardwood floors
floor-to-ceiling windows
gourmet kitchen
center island
quartz countertops
custom cabinetry
premium KitchenAid appliances
spacious dining area
sunlit living room
modern fireplace
private backyard retreat
patio
hot tub
serene primary suite
private balcony
spa-like bath
Jack-and-Jill bathroom
laundry room
rec room
wet bar
powder bath
front and rear rooftop decks
privacy fencing
large lighted crawl space
Building Details
Building Size
2,317 SF
Year Built
2018
Listing Agency:
Carlson Associates
Listed By:
Cory Thornton
(303) 921-9754
Source:
Corken
Added: Apr 13
Changed: Aug 31
Last Checked: Sep 2 at 1:53AM
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 Carlson Associates
Investment Insights
Based on property information with market context.
Built in 2018, this contemporary three-level property combines an open interior layout with extensive indoor-outdoor features. The main living areas include wide-plank hardwood floors, floor-to-ceiling windows, a modern fireplace, and a kitchen equipped with a center island, quartz countertops, custom cabinetry, and KitchenAid appliances. A dining area and living room connect to a private backyard with a patio and hot tub.
The upper level includes a primary suite with a private balcony and spa-style bathroom, two additional bedrooms, a Jack-and-Jill bathroom, and a laundry room. The third floor adds a recreation room with wet bar, powder bathroom, and both front and rear rooftop decks. Additional improvements include a two-car insulated garage, privacy fencing, landscaped grounds with sprinkler systems, and a lighted crawl space accessible through the mudroom. The property is located at 4455 Tejon St in Denver, Colorado, and was freshly painted.
The upper level includes a primary suite with a private balcony and spa-style bathroom, two additional bedrooms, a Jack-and-Jill bathroom, and a laundry room. The third floor adds a recreation room with wet bar, powder bathroom, and both front and rear rooftop decks. Additional improvements include a two-car insulated garage, privacy fencing, landscaped grounds with sprinkler systems, and a lighted crawl space accessible through the mudroom. The property is located at 4455 Tejon St in Denver, Colorado, and was freshly painted.
Key Highlights
- Built in 2018
- Three‑level layout with rooftop decks at the front and rear
- Kitchen with center island, quartz countertops, custom cabinetry, and KitchenAid appliances
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
$38,505
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
3.85%
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%
$770,100
$770.1K
Cap Rate 7%
$550,071
$550.1K
Cap Rate 9%
$427,833
$427.8K
Market Conditions
NOI Build-Up for 2,317 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
$58.4K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.0K $23.74/SF
− OpEx
−$16.5K −$7.12/SF
NOI
$38.5K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /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%
$770,100
Cap Rate 7%
$550,071
Cap Rate 9%
$427,833
Alternative Uses
Best Use
Multifamily LT 5
$550.1K
$481.3K – $641.8K
NOI $38,505 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$737.6K
$645.4K – $860.5K
NOI $51,631 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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?
Duplex - Contemporary property with three levels, private outdoor space, and a two-car insulated garage.
Where is this duplex located?
The property is located at 4455 Tejon St Denver, CO.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Built in 2018; Three‑level layout with rooftop decks at the front and rear; Kitchen with center island, quartz countertops, custom cabinetry, and KitchenAid appliances
