Duplex with Private
New
For Sale
$2,375,000
514 Cook St, Denver, CO 80206
A multi-level home pairs integrated living areas with a dedicated primary-suite floor and several outdoor spaces.
Property Size4,187 SF
Days on Market4
Property Features for 514 Cook St
General Information
Standard status
Active
Size
4,187 SF
Elevators
Yes
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,450
Amenities
private courtyard
outdoor gas fireplace
balconies
Control4 home automation
multi-port Wi-Fi
wet bar
wine room
Building Details
Building Size
4,187 SF
Year Built
2007
Buildings
1
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Elizabeth Richards
(303) 956-2962
Source:
Corken
Added: Sep 24
Changed: Sep 27
Last Checked: Sep 26 at 2:31PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2007, this contemporary duplex residence is arranged across multiple levels, with connected living, dining, and kitchen areas on the main floor. The kitchen includes a Wolf range, Sub-Zero refrigerator, and ASKO dishwasher. A full level is devoted to the primary suite, with two walk-in closets, a dressing room, and a private bath. Three additional bedrooms, a family and game room, wet bar, and wine room provide further interior spaces. An elevator serves the home, and a Control4 automation system and multi-port Wi-Fi are installed throughout. Furnaces and air-conditioning systems were updated in 2021 and 2025.
Outdoor features include a private courtyard with a gas fireplace and balconies facing north and west. The property is at 514 Cook St in Denver, near the shops, restaurants, and amenities of Cherry Creek North.
Outdoor features include a private courtyard with a gas fireplace and balconies facing north and west. The property is at 514 Cook St in Denver, near the shops, restaurants, and amenities of Cherry Creek North.
Key Highlights
- Duplex residence built in 2007
- Four bedrooms, including a primary suite occupying its own level
- Kitchen equipped with a Wolf range, Sub‑Zero refrigerator, and ASKO dishwasher
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
$69,582
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
2.93%
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%
$1,391,640
$1.4M
Cap Rate 7%
$994,029
$994.0K
Cap Rate 9%
$773,133
$773.1K
Market Conditions
NOI Build-Up for 4,187 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
$105.5K $25.20/SF
− Vacancy
−$6.1K −$1.46/SF
EGI
$99.4K $23.74/SF
− OpEx
−$29.8K −$7.12/SF
NOI
$69.6K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,391,640
Cap Rate 7%
$994,029
Cap Rate 9%
$773,133
Alternative Uses
Best Use
Multifamily LT 5
$994.0K
$869.8K – $1.16M
NOI $69,582 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$908.2K
$794.7K – $1.06M
NOI $63,574 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,301 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A multi-level home pairs integrated living areas with a dedicated primary-suite floor and several outdoor spaces.
Where is this duplex located?
The property is located at 514 Cook St Denver, CO.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Duplex residence built in 2007; Four bedrooms, including a primary suite occupying its own level; Kitchen equipped with a Wolf range, Sub‑Zero refrigerator, and ASKO dishwasher
