Denver Mixed-Use Redevelopment
531 N Broadway, Denver, CO 80203
48,000+ sq ft property ideal for redevelopment or adaptive reuse.
Type:Mixed Use, Multifamily, Office, Retail, Self Storage
Property size:
48,023 SFPrice / SF:
$166/SF- Added:
- Jan 25, 2026
- Days on Market:
- 111
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 531 N Broadway
General Information
- Standard status
- Active
- Size
- 48,023 SF
- Property subtype
- Mixed Use, Multifamily, Office, Retail, Self Storage
Building Details
- Year Built
- 1925
Listing agent Jay Modglin License #CO ER.100012712
Listing office Kentwood Real Estate City Properties
Listing date Jan 25, 2026
Source Crexi
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 Kentwood Real Estate City Properties
HighLights
- Over 48,000 sq ft in a highly visible location on Broadway.
- 8‑story zoning allows for transformative vertical development.
- Four drive‑in doors (two from Broadway, two from the alley) and tall ceilings.
- Dual access points (Broadway and alley) facilitate multi‑tenant configurations.
- Located at the intersection of Baker, West Wash Park, Santa Fe Arts District, and South Broadway.
- Quick access to Downtown, Speer Blvd, and I‑25.
Overview
Located on a highly visible commercial corridor in Denver, the property at 531 N Broadway offers over 48,000 square feet of space, presenting exceptional flexibility for redevelopment or adaptive reuse. Currently operating as a mini-storage facility with two small street-level retail tenants, the property is well-suited for modernization or a transformative vertical project, taking advantage of its 8-story zoning. The building includes four drive-in doors, two accessible from Broadway and two from the alley, along with tall ceilings and dual access points. The upper level has an entrance on Broadway, while the lower level is accessed from the alley, creating natural separation suitable for multi-tenant configurations, creative office spaces, warehouse-style uses, or future mixed-use concepts. Its central location places the property at the intersection of Baker, West Wash Park, the Santa Fe Arts District, and South Broadway, surrounded by high-demand amenities. Quick access to Downtown, Speer Blvd, and I-25 enhances connectivity for commuters, customers, and future tenants. With its scale, access, zoning, and high-visibility frontage, this property is an opportunity for developers, investors, and owner-users seeking long-term upside in a dynamic commercial area.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$7.52M
NOI $676,404 @ 9.00% cap · cautious / downside scenario
Moderate
$9.66M
NOI $676,404 @ 7.00% cap · market / base-case scenario
Aggressive
$13.53M
NOI $676,404 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.15M | $24.00 |
| − Vacancy | −$70.3k | −$1.46 |
| EGI | $1.08M | $22.54 |
| − OpEx | −$405.8k | −$8.45 |
| NOI | $676.4k | $14.09 |
48,023 SF · lease $24.00/SF/yr · vacancy 6.10% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$9.66M
$8.46M – $11.27M
NOI $676,404 @ 7.0% cap · market cap 8.46%
Second Best
Retail
$9.39M
$8.22M – $10.96M
NOI $657,382 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$15.29M
$13.38M – $17.84M
NOI $1,070,121 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sunflower Massage
Alternative Medicine Practice
Spearmint Massage
Spa & Massage Center
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.987681
- Latitude
- 39.707195
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 48,000+ sq ft property ideal for redevelopment or adaptive reuse.
Where is this mixed-use property located?
The property is located at 531 N Broadway Denver, CO.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Over 48,000 sq ft in a highly visible location on Broadway.; 8‑story zoning allows for transformative vertical development.; **Four drive‑in doors** (two from Broadway, two from the alley) and **tall ceilings.**
