Fully Leased Neighborhood Retail
4924 E Colfax Ave Denver, CO 80220
4924 E Colfax Ave, Denver, CO, 80220
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For Sale
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Fully leased multi-tenant retail property at a signalized intersection on East Colfax Avenue with 26,000 VPD.
Property Size9,740 SF
Price / SF$344.97
Days on Market93
Property Features for 4924 E Colfax Ave
General Information
- Standard status
- Active
- Size
- 9,740 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1931
Listing agency
Blue West Capital
Listed by
Sam Crowe · License #FA100069540
Source
Crexi
Added: Apr 20 Updated: Jul 21 at 2:11AM Checked: Jul 21 at 2:11AM
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 Blue West Capital
Investment Insights
Based on property information with market context.
Central Colfax Shops is a fully leased, multi-tenant retail property offering a mix of service retailers, a historic neighborhood bar, and a growing restaurant franchise. Several tenants have operated at the site for more than a decade, supporting a stable, established tenant mix within the center.
The property sits at the signalized intersection of E Colfax Avenue and Elm Street. East Colfax Avenue serves as a primary east–west corridor, with reported traffic of 26,000 VPD. Central Colfax Shops also provides convenient access to Colorado Boulevard, Monaco Parkway, I-70, and nearby employment centers including Rose Medical Center and Downtown Denver.
The East Colfax Bus Rapid Transit system is scheduled to begin operations in 2027, which may further enhance accessibility along the corridor.
The property sits at the signalized intersection of E Colfax Avenue and Elm Street. East Colfax Avenue serves as a primary east–west corridor, with reported traffic of 26,000 VPD. Central Colfax Shops also provides convenient access to Colorado Boulevard, Monaco Parkway, I-70, and nearby employment centers including Rose Medical Center and Downtown Denver.
The East Colfax Bus Rapid Transit system is scheduled to begin operations in 2027, which may further enhance accessibility along the corridor.
Key Highlights
- Fully leased multi‑tenant retail property at a signalized intersection on E Colfax Avenue and Elm Street in Denver, CO
- Located on E Colfax Avenue with 26,000 VPD traffic count
- Tenant mix includes service retailers, a historic neighborhood bar, and a growing restaurant franchise
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.9k | $20.52 |
| − Vacancy | −$9.4k | −$0.96 |
| EGI | $190.5k | $19.56 |
| − OpEx | −$47.6k | −$4.89 |
| NOI | $142.9k | $14.67 |
9,740 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,853 @ 7.0% cap · market cap 4.25%
Second Best
Retail
$1.90M
$1.67M – $2.22M
NOI $133,330 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $217,041 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pangaea Salon
Hair Salon
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FAQs
What type of property is this?
Shopping center - Fully leased multi-tenant retail property at a signalized intersection on East Colfax Avenue with 26,000 VPD.
Where is this shopping center located?
The property is located at 4924 E Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $3,360,000.
What are key features of this property?
This property features: Fully leased multi‑tenant retail property at a signalized intersection on E Colfax Avenue and Elm Street in Denver, CO; Located on E Colfax Avenue with 26,000 VPD traffic count; Tenant mix includes service retailers, a historic neighborhood bar, and a growing restaurant franchise
