520 Cherokee St Denver, CO 80204
Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.
Property Features for 520 Cherokee St
General Information
- Standard status
- Active
- Size
- 5,441 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing office BLVD REAL ESTATE GROUP, LLC (720) 219-1693
Listing date Jul 14, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of BLVD REAL ESTATE GROUP, LLC
Investment Insights
Based on property information with market context.
The property sits adjacent to the Denver Health campus and is located near major central Denver corridors, including Broadway, Lincoln, 6th Avenue, Baker, and Speer. It is situated on a 7,000 SF lot and zoned C-MX-8 mixed-use, supporting flexible use possibilities.
A buyer may continue using the building as professional office space, lease the first-floor suites independently with their own separate entrances, or evaluate residential and live/work conversion options. Any residential or live/work conversion would be subject to buyer verification and required City approvals.
Key Highlights
- Standalone two‑story building (1957) with approx. 5,441 SF above grade on a 7,000 SF lot
- Configured as three separate office suites with multiple private entrances for flexible use
- Includes 8 rooms and 4 bathrooms, with reception/office areas, private rooms, and restrooms
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 | $143.6k | $26.40 |
| − Vacancy | −$37.3k | −$6.86 |
| EGI | $106.3k | $19.54 |
| − OpEx | −$26.6k | −$4.88 |
| NOI | $79.7k | $14.65 |
