Retail/Office Space on Colfax
For Sale
Contact for pricing
4500 W Colfax Ave, Denver, CO
3,400 SF retail/office space in Denver's West Colfax corridor.
Property Size3,400 SF
Lot Size0.18 Acres
Price / SF$264.71
Days on Market434
Property Features for 4500 W Colfax Ave
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.18 Acres
Property subtype
RETAIL
Listing Agency:
Goodman Commercial Real Estate, LLC
(720) 440-6271
Listed By:
Mark Goodman, SIOR · License #FA100053648
(720) 440-6271
Source:
Moodyscre
Added: Jun 5, 2025
Changed: Aug 8
Last Checked: Aug 11 at 2:27PM
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 Goodman Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 3,400 square foot retail/office space is situated on a 7,812 square foot lot in Denver’s West Colfax corridor. The property is zoned U-MS-3, which allows for a variety of commercial uses. It benefits from high visibility along Colfax Avenue with strong traffic. The property is ideal for an owner-user, retail, office, or mixed commercial use.
Key Highlights
- High‑visibility location on Colfax Ave with strong traffic.
- 3,400 SF retail/office space suitable for owner‑user.
- Zoned U‑MS‑3 allowing for a variety of commercial 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
$49,817
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
5.54%
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%
$996,340
$996.3K
Cap Rate 7%
$711,671
$711.7K
Cap Rate 9%
$553,522
$553.5K
Market Conditions
NOI Build-Up for 3,400 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
$89.8K $26.40/SF
− Vacancy
−$23.3K −$6.86/SF
EGI
$66.4K $19.54/SF
− OpEx
−$16.6K −$4.88/SF
NOI
$49.8K $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 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%
$996,340
Cap Rate 7%
$711,671
Cap Rate 9%
$553,522
Alternative Uses
Best Use
Office B
$711.7K
$622.7K – $830.3K
NOI $49,817 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$664.9K
$581.8K – $775.7K
NOI $46,542 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.08M
$947.1K – $1.26M
NOI $75,764 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,400 SF retail/office space in Denver's West Colfax corridor.
Where is this retail space located?
The property is located at 4500 W Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑visibility location on Colfax Ave with strong traffic.; 3,400 SF retail/office space suitable for owner‑user.; Zoned U‑MS‑3 allowing for a variety of commercial uses.
