51 W 4th Ave Denver, CO 80223
51 W 4th Ave, Denver, CO, 80223
Contact for pricing
For Sale
Contact for pricing
Office buildings
Property Size8,863 SF
Price / SF$361.05
Days on Market683
Property Features for 51 W 4th Ave
General Information
- Standard status
- Active
- Size
- 8,863 SF
- Property subtype
- Office
Building Details
- Year Built
- 1890
Listing Agency
Pinnacle Real Estate Advisors
(720) 291-0686
Listed by
Cody Stambaugh · License #CO FA.100039158
Source
Crexi
Added: Sep 4, 2024 Checked: Jul 17 at 9:22 am
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
Investment Insights
Based on property information with market context.
Key Highlights
- 8,863 sq ft historic office building in Denver's vibrant Baker Neighborhood.
- Prime location with excellent visibility and accessibility.
- Comprehensive renovation in 2014 blending historic charm with modern functionality.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.0k | $26.40 |
| − Vacancy | −$60.8k | −$6.86 |
| EGI | $173.1k | $19.54 |
| − OpEx | −$43.3k | −$4.88 |
| NOI | $129.9k | $14.65 |
8,863 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auxilio Management Services
Environmental Engineer
Similar For Sale Nearby
FAQs
Where is this office building located?
The property is located at 51 W 4th Ave 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: 8,863 sq ft historic office building in Denver's vibrant Baker Neighborhood.; Prime location with excellent visibility and accessibility.; Comprehensive renovation in 2014 blending historic charm with modern functionality.
