Freestanding Storefront
For Sale
$450,000
5015 Morrison Rd & 901 S Yates St, Denver, CO 80219
Built-out commercial space with a basement, on-site parking, and exposure along Morrison Road.
Property Size1,475 SF
Days on Market115
Property Features for 5015 Morrison Rd & 901 S Yates St
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Building Size
1,475 SF
Year Built
1943
Buildings
1
Listing Agency:
Unique Properties, Inc
Listed By:
Sam Leger · License #FA.040042452
(303) 941-8112
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 14
Last Checked: Oct 16 at 6:49AM
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
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.
This freestanding commercial building at 5015 Morrison Rd & 901 S Yates St offers a built-out configuration for office, retail, or service operations. The property includes a finished basement that adds usable area, along with on-site parking for daily visitors and employees.
Positioned along Morrison Road in Denver’s Westwood area, the building benefits from exposure to a heavily traveled street and offers signage visibility. Additional street parking supports access for customers and staff. Constructed in 1943, the property combines a standalone format with a flexible interior arrangement suited to a range of commercial users.
Positioned along Morrison Road in Denver’s Westwood area, the building benefits from exposure to a heavily traveled street and offers signage visibility. Additional street parking supports access for customers and staff. Constructed in 1943, the property combines a standalone format with a flexible interior arrangement suited to a range of commercial users.
Key Highlights
- Freestanding building at 5015 Morrison Rd & 901 S Yates St
- Fully built‑out basement provides additional usable space
- On‑site parking plus additional street parking
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Storefront property - Built-out commercial space with a basement, on-site parking, and exposure along Morrison Road.
Where is this storefront property located?
The property is located at 5015 Morrison Rd & 901 S Yates St 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: Freestanding building at 5015 Morrison Rd & 901 S Yates St; Fully built‑out basement provides additional usable space; On‑site parking plus additional street parking
