Storefront Retail Space with
For Sale
$1,495,000
56 S Broadway, Denver, CO 80209
First-floor commercial space with character finishes, basement storage, signage, and access to a walkable retail corridor.
Property Size5,220 SF
Days on Market194
Property Features for 56 S Broadway
General Information
Standard status
Active
Size
5,220 SF
Class
B
Property subtype
Street Retail
Building Details
Building Size
5,220 SF
Year Built
1900
Properties For Sale
at 56 S Broadway Contact us- Size
- 2,610 SF
- Lease Type
- Modified Gross
1st Floor
Listing Agency:
Unique Properties, Inc
(303) 321-5897
Listed By:
Brian Mckernan · License #FA.040033318
(303) 321-5897
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 31 at 5:16AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This first-floor storefront offers 2,610 SF configured for retail or office use. Interior features include 12-foot ceilings, exposed brick walls, hardwood flooring, and exposed ductwork. The space also includes a two-car garage, approximately 1,000 SF of basement storage, and exterior tenant signage.
The property is located at 56 S. Broadway in Denver’s South Broadway corridor, surrounded by restaurants, shops, and residential living. Broadway frontage provides exposure to drive-by and pedestrian traffic, with reported visibility to 24,000 vehicles per day. I-25 is easily accessible, and the property is near West Wash Park, the Historic Baker District, Downtown Denver, Cherry Creek, and the RTD LightRail Station at Broadway and I-25. Two-way bike lanes are located outside the building, and the property has a Walk Score of 97.
The property is located at 56 S. Broadway in Denver’s South Broadway corridor, surrounded by restaurants, shops, and residential living. Broadway frontage provides exposure to drive-by and pedestrian traffic, with reported visibility to 24,000 vehicles per day. I-25 is easily accessible, and the property is near West Wash Park, the Historic Baker District, Downtown Denver, Cherry Creek, and the RTD LightRail Station at Broadway and I-25. Two-way bike lanes are located outside the building, and the property has a Walk Score of 97.
Key Highlights
- 2,610 SF first‑floor retail or office space
- 12' high ceilings with brick walls, hardwood floors, and exposed ductwork
- Approximately 1,000 SF of basement storage space
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
$76,483
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
5.12%
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%
$1,529,660
$1.5M
Cap Rate 7%
$1,092,614
$1.1M
Cap Rate 9%
$849,811
$849.8K
Market Conditions
NOI Build-Up for 5,220 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
$137.8K $26.40/SF
− Vacancy
−$35.8K −$6.86/SF
EGI
$102.0K $19.54/SF
− OpEx
−$25.5K −$4.88/SF
NOI
$76.5K $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 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%
$1,529,660
Cap Rate 7%
$1,092,614
Cap Rate 9%
$849,811
Alternative Uses
Best Use
Office B
$1.09M
$956.0K – $1.27M
NOI $76,483 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$1.02M
$893.2K – $1.19M
NOI $71,456 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,320 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - First-floor commercial space with character finishes, basement storage, signage, and access to a walkable retail corridor.
Where is this storefront property located?
The property is located at 56 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2,610 SF first‑floor retail or office space; 12' high ceilings with brick walls, hardwood floors, and exposed ductwork; Approximately 1,000 SF of basement storage space
