Renovated Storefront
For Sale
Contact for pricing
4995 Lowell Boulevard, Denver, CO 80221
A Pilates studio occupies the first floor, providing an existing commercial tenancy and rental income.
Property Size4,477 SF
Price / SF$289.26
Days on Market24
Property Features for 4995 Lowell Boulevard
General Information
Standard status
Active
Size
4,477 SF
Class
B
Total Parking Spaces
8
Property subtype
Retail, Office
Zoning
U-MX-3 (Denver)
Amenities
solar system
Building Details
Year Built
1915
Year Renovated
2022
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Marcum Commercial Advisors
Listed By:
Maxwell Marcum · License #CO FA.100070811
(303) 915-7483
Source:
Crexi
Added: Aug 20
Changed: Sep 9
Last Checked: Sep 12 at 6:02AM
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 Marcum Commercial Advisors
Investment Insights
Based on property information with market context.
This 2,238-square-foot storefront property includes a first-floor commercial space occupied by a Pilates studio. The building dates to 1915 and underwent renovation in 2022, pairing its older construction with more recent improvements. An installed solar system is also part of the property’s infrastructure.
The property is located at 4995 Lowell Blvd in Denver’s Regis neighborhood. U-MX-3 zoning supports a range of commercial uses, providing flexibility for continued occupancy or future owner-user plans. Existing tenancy, updated improvements, solar infrastructure, and the zoning designation are the principal documented features of the offering.
The property is located at 4995 Lowell Blvd in Denver’s Regis neighborhood. U-MX-3 zoning supports a range of commercial uses, providing flexibility for continued occupancy or future owner-user plans. Existing tenancy, updated improvements, solar infrastructure, and the zoning designation are the principal documented features of the offering.
Key Highlights
- 2,238‑square‑foot storefront property
- First floor leased to a Pilates studio
- Originally constructed in 1915
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
$61,285
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
4.73%
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%
$1,225,700
$1.2M
Cap Rate 7%
$875,500
$875.5K
Cap Rate 9%
$680,944
$680.9K
Market Conditions
NOI Build-Up for 4,477 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
$91.9K $20.52/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$87.6K $19.56/SF
− OpEx
−$26.3K −$5.87/SF
NOI
$61.3K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /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%
$1,225,700
Cap Rate 7%
$875,500
Cap Rate 9%
$680,944
Alternative Uses
Best Use
Retail
$875.5K
$766.1K – $1.02M
NOI $61,285 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,763 @ 7.0% cap · market cap 7.70%
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
610
Businesses Nearby
122k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 28%
Hotels & Casinos 3%
Electronics 1%
McDonald's
Dining
23,109 visits/mo
0.4 miles
7-Eleven
Shops & Services
16,448 visits/mo
0.5 miles
Wendy's
Dining
16,229 visits/mo
0.5 miles
Taco Bell
Dining
13,150 visits/mo
0.5 miles
Little Caesars Pizza
Dining
9,590 visits/mo
0.5 miles
Demographics for 80221, CO
42,224
Population
15,165
Households
2.8
Avg Household Size
34
Median Age
28%
College-Educated
84%
High-School Grad
9.1 sq mi
ZIP Area
4,640
Density / Sq Mi
$84,425
Median Household Income
$42,720
Median Earnings
$1,642
Median Rent
$449,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
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Frequently Asked Questions
What type of property is this?
Storefront property - A Pilates studio occupies the first floor, providing an existing commercial tenancy and rental income.
Where is this storefront property located?
The property is located at 4995 Lowell Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2,238‑square‑foot storefront property; First floor leased to a Pilates studio; Originally constructed in 1915
