Flexible Mixed-Use Flex
For Sale
$880,000
4501 Logan St, Denver, CO 80216
Adaptable flex layout with two legal addresses and 8 onsite parking spaces for owner-users and income-generating setups.
Property Size3,999 SF
Price / SF$220.06
Days on Market94
Property Features for 4501 Logan St
General Information
Standard status
Active
Size
3,999 SF
Total Parking Spaces
8
Building Details
Year Built
1918
Listing Agency:
Urban Luxe Real Estate
Listed By:
Diona Gouker
(720) 300-0330
Source:
Pathhometeam
Added: Jun 11
Changed: Sep 5
Last Checked: Sep 11 at 1:04PM
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 Urban Luxe Real Estate
Investment Insights
Based on property information with market context.
4501 Logan Street offers a versatile mixed-use flex configuration with two legal addresses and a layout designed to support multiple operating scenarios. The property’s adaptability allows a business to occupy one portion while generating income from another, or to create separate operating spaces tied to each address. The space is well-suited to a broad range of uses, including creative office, showroom, studio, boutique retail, maker space, and professional services, with options for owner-user occupancy and mixed-use operations. Character-rich architecture and functional improvements are part of the existing setup.
The property is positioned between Denver’s RiNo Art District and the Globeville neighborhood. It is described as being just minutes from Downtown Denver, RiNo, and the National Western Center redevelopment. Easy connectivity to the Denver metro area is supported by access to I-25 and I-70, and the property is presented as having strong visibility.
For tenants, buyers, and operators, the practical value here is flexibility: the ability to right-size to a current concept, then adjust how space is shared or separated as needs change. The two-address structure also supports separate operations under one roof. Buyers should note that the remarks indicate potential future live/work or residential conversion possibilities, subject to buyer verification and applicable zoning requirements.
The property is positioned between Denver’s RiNo Art District and the Globeville neighborhood. It is described as being just minutes from Downtown Denver, RiNo, and the National Western Center redevelopment. Easy connectivity to the Denver metro area is supported by access to I-25 and I-70, and the property is presented as having strong visibility.
For tenants, buyers, and operators, the practical value here is flexibility: the ability to right-size to a current concept, then adjust how space is shared or separated as needs change. The two-address structure also supports separate operations under one roof. Buyers should note that the remarks indicate potential future live/work or residential conversion possibilities, subject to buyer verification and applicable zoning requirements.
Key Highlights
- 1918 mixed‑use property with flexible layout and two legal addresses for multiple operating setups
- Versatile uses include creative office, showroom, studio, boutique retail, maker space, professional services, and owner‑user occupancy
- Ability to occupy one portion and generate income from another, including separate operating spaces under each address
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
$58,593
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
6.66%
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%
$1,171,860
$1.2M
Cap Rate 7%
$837,043
$837.0K
Cap Rate 9%
$651,033
$651.0K
Market Conditions
NOI Build-Up for 3,999 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
$105.6K $26.40/SF
− Vacancy
−$27.4K −$6.86/SF
EGI
$78.1K $19.54/SF
− OpEx
−$19.5K −$4.88/SF
NOI
$58.6K $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%
$1,171,860
Cap Rate 7%
$837,043
Cap Rate 9%
$651,033
Alternative Uses
Best Use
Office B
$837.0K
$732.4K – $976.6K
NOI $58,593 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,112 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable flex layout with two legal addresses and 8 onsite parking spaces for owner-users and income-generating setups.
Where is this flex space located?
The property is located at 4501 Logan St Denver, CO.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 1918 mixed‑use property with flexible layout and two legal addresses for multiple operating setups; Versatile uses include creative office, showroom, studio, boutique retail, maker space, professional services, and owner‑user occupancy; Ability to occupy one portion and generate income from another, including separate operating spaces under each address
