Listing Agency: Shames Makovsky Show Phone

Listed By: Solomon Stark Show Phone

Source: Moodyscre

Added: Jun 22 Changed: Oct 8 Last Checked: Oct 23 at 6:18AM

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Investment Insights

Based on property information with market context.

This hard-corner retail ownership opportunity includes 9,147 SF of ground floor retail space plus an additional 4,380 SF basement area not included in the quoted square footage. The property also features seven (7) off-street parking spaces, supporting convenient customer access and practical operational storage.

Located on the hard corner of 6th Avenue & Pearl Street in the Capitol Hill area, the building sits along a highly trafficked corridor.

The available configuration provides a dedicated retail presence at street level, complemented by basement space for flexible back-of-house use.

Key Highlights

• 9,147 SF ground‑floor retail space
• Hard corner location on 6th Avenue & Pearl Street in the Capitol Hill area
• Seven (7) off‑street parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,212

Cap Rate

6.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,504,240 $2.5M

Cap Rate 7%

$1,788,743 $1.8M

Cap Rate 9%

$1,391,244 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,147 SF

Gross rent

$187.7K $20.52/SF

− Vacancy

−$8.8K −$0.96/SF

EGI

$178.9K $19.56/SF

− OpEx

−$53.7K −$5.87/SF

NOI

$125.2K $13.69/SF

Area

Denver, CO

Vacancy

4.70%

Lease Rate

$20.52 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,504,240

Cap Rate 7%

$1,788,743

Cap Rate 9%

$1,391,244

Alternative Uses

Best Use

Retail

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,212 @ 7.0% cap · market cap 6.42%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.91M

$2.55M – $3.40M (±1% cap)

NOI $203,827 @ 7.0% cap · market cap 10.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Food Market Law Firm Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,546

Businesses Nearby

177k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 64% Dining 20% Shops & Services 13% Home Improvements & Furnishings 2%

King Soopers Groceries

48,038 visits/mo 0.4 miles

Trader Joe's Groceries

36,155 visits/mo 0.2 miles

Safeway Groceries

29,243 visits/mo 0.3 miles

Wendy's Dining

16,634 visits/mo 0.3 miles

Conoco Shops & Services

11,222 visits/mo 0.4 miles

Demographics for 80203, CO

22,883

Population

16,887

Households

1.4

Avg Household Size

33

Median Age

69%

College-Educated

97%

High-School Grad

1.1 sq mi

ZIP Area

20,803

Density / Sq Mi

$74,654

Median Household Income

$59,229

Median Earnings

$1,569

Median Rent

$462,500

Median Home Value

Market

Vacancy Rate% for Retail in Denver, CO

6.7% 2019

7.4% 2020

6.5% 2021

5.4% 2022

5.2% 2023

4.8% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Ground-floor retail building with seven off-street parking spaces and an additional basement for storage or operations.

Where is this retail space located?

The property is located at 560 Pearl St Denver, CO.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 9,147 SF ground‑floor retail space; Hard corner location on 6th Avenue & Pearl Street in the Capitol Hill area; Seven (7) off‑street parking spaces