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 Market185
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
Site & Location
Neighborhood
Westwood
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: Oct 16
Last Checked: Oct 23 at 5:22AM
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
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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 / Yr
$24,912
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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
