Historic Denver Office Building For
For Sale
$3,200,000
4th Avenue & Broadway, Denver, CO 80223
Renovated 1901 office building in Denver's vibrant Baker neighborhood.
Property Size8,863 SF
Price / SF$361.05
Days on Market331
Property Features for 4th Avenue & Broadway
General Information
Standard status
Active
Size
8,863 SF
Class
B
Property subtype
Office
Building Details
Building Size
8,863 SF
Year Built
1901
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Cody Stambaugh · License #CO #100039158
(720) 291-0686
Source:
Pinnaclerea
Added: Nov 21, 2025
Changed: Oct 7
Last Checked: Oct 16 at 7:35AM
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 Pinnacle Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the heart of Denver's Baker Neighborhood, the property at 51 West 4th Avenue offers 8,863 square feet of office space. Originally constructed in 1901, this historic building was comprehensively renovated in 2014, combining original architectural elements with modern updates. The property is zoned C-MX-8, providing flexibility for various office and commercial applications. The location offers excellent visibility and accessibility. The building features 2,890 square feet on the first floor, 2,410 square feet on the second floor, 1,500 square feet on the third floor, and 1,960 square feet on the garden level. The Baker Neighborhood is known for its galleries, diverse restaurants, and cultural venues, offering a dynamic environment.
Key Highlights
- Prime location in the vibrant Denver area (Baker Neighborhood).
- 8,863 square feet of office space.
- Comprehensive renovation in 2014 blending historic charm with modern functionality.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,861
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,220
$2.6M
Cap Rate 7%
$1,855,157
$1.9M
Cap Rate 9%
$1,442,900
$1.4M
Market Conditions
NOI Build-Up for 8,863 SF
Gross rent
$234.0K $26.40/SF
− Vacancy
−$60.8K −$6.86/SF
EGI
$173.1K $19.54/SF
− OpEx
−$43.3K −$4.88/SF
NOI
$129.9K $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 Rate 5%
$2,597,220
Cap Rate 7%
$1,855,157
Cap Rate 9%
$1,442,900
Alternative Uses
Best Use
Office B
$1.86M
$1.62M – $2.16M
NOI $129,861 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,499 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office building - Renovated 1901 office building in Denver's vibrant Baker neighborhood.
Where is this office building located?
The property is located at 4th Avenue & Broadway Denver, CO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime location in the vibrant Denver area (Baker Neighborhood).; 8,863 square feet of office space.; Comprehensive renovation in 2014 blending historic charm with modern functionality.
