Standalone Two-Story Office
For Sale
$1,295,000
520 Cherokee Street, Denver, CO 80204
Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.
Property Size5,441 SF
Lot Size0.16 Acres
Price / SF$238.01
Days on Market91
Property Features for 520 Cherokee Street
General Information
Standard status
Active
Size
5,441 SF
Total Parking Spaces
17
Lot size
0.16 Acres
Property subtype
Improved Land
Zoning
C-MX-8
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$24,949
Building Details
Stories
2
Listing Agency:
BLVD Real Estate Group, LLC
Listed By:
Sunitha Alli · License #100109094
(720) 884-7359
Source:
Eliselosassore
Added: Jul 10
Changed: Sep 24
Last Checked: Oct 7 at 4:06PM
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 BLVD Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This standalone two-story office building is currently configured as three separate office suites. The layout includes multiple private entrances, reception and office areas, private rooms, restrooms, and 8 rooms across the building, along with 4 bathrooms and 17 on-site parking spaces.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,722
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,440
$1.6M
Cap Rate 7%
$1,138,886
$1.1M
Cap Rate 9%
$885,800
$885.8K
Market Conditions
NOI Build-Up for 5,441 SF
Gross rent
$143.6K $26.40/SF
− Vacancy
−$37.3K −$6.86/SF
EGI
$106.3K $19.54/SF
− OpEx
−$26.6K −$4.88/SF
NOI
$79.7K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,594,440
Cap Rate 7%
$1,138,886
Cap Rate 9%
$885,800
Alternative Uses
Best Use
Office B
$1.14M
$996.5K – $1.33M
NOI $79,722 @ 7.0% cap · market cap 6.16%
Second Best
Mixed Use
$1.09M
$958.0K – $1.28M
NOI $76,636 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,245 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
6,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office building - Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.
Where is this office building located?
The property is located at 520 Cherokee Street Denver, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 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
