Stand-Alone Commercial
For Sale
Contact for pricing
5015 Morrison Road, Denver, CO 80219
Move-in ready stand-alone building with a built-out basement and on-site plus street parking along a high-traffic corridor.
Property Size1,475 SF
Price / SF$305.08
Days on Market137
Property Features for 5015 Morrison Road
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Retail, Office
Zoning
E-MX-3, UO-1, & UO-2
Building Details
Year Built
1943
Listing Agency:
Unique Properties, Inc
Listed By:
Graham Trotter · License #CO FA100084828
(720) 347-9512
Source:
Crexi
Added: Apr 23
Changed: Aug 13
Last Checked: Sep 5 at 5:38AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
5015 Morrison Road is a move-in ready, stand-alone commercial building offering an efficient, functional layout suitable for a range of office, retail, or service uses. The fully built-out basement provides additional usable space for day-to-day operations.
The property is located on one of Westwood’s most trafficked corridors, with visibility and signage exposure along Morrison Road. Convenient parking is available on-site, along with ample street parking for staff and visitors.
The offering includes a stand-alone site configuration with both on-site and street parking, plus a fully finished basement to expand the building’s usable footprint.
The property is located on one of Westwood’s most trafficked corridors, with visibility and signage exposure along Morrison Road. Convenient parking is available on-site, along with ample street parking for staff and visitors.
The offering includes a stand-alone site configuration with both on-site and street parking, plus a fully finished basement to expand the building’s usable footprint.
Key Highlights
- Stand‑alone building built in 1943
- Move‑in ready with an efficient, functional layout for office, retail, or service use
- Fully built‑out basement adds additional usable square footage
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
$24,912
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%
$498,240
$498.2K
Cap Rate 7%
$355,886
$355.9K
Cap Rate 9%
$276,800
$276.8K
Market Conditions
NOI Build-Up for 1,475 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
$38.9K $26.40/SF
− Vacancy
−$5.7K −$3.88/SF
EGI
$33.2K $22.52/SF
− OpEx
−$8.3K −$5.63/SF
NOI
$24.9K $16.89/SF
Area
ZIP 80219
Vacancy
14.70%
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%
$498,240
Cap Rate 7%
$355,886
Cap Rate 9%
$276,800
Alternative Uses
Best Use
Office B
$355.9K
$311.4K – $415.2K
NOI $24,912 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$306.7K
$268.3K – $357.8K
NOI $21,466 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready stand-alone building with a built-out basement and on-site plus street parking along a high-traffic corridor.
Where is this office building located?
The property is located at 5015 Morrison Road Denver, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Stand‑alone building built in 1943; Move‑in ready with an efficient, functional layout for office, retail, or service use; Fully built‑out basement adds additional usable square footage
