Prime Retail Property on
For Sale
$1,395,000
5601 Leetsdale Dr, Denver, CO 80224
Exceptional retail opportunity in Denver with high visibility and accessibility.
Property Size4,030 SF
Price / SF$346.15
Days on Market216
Property Features for 5601 Leetsdale Dr
General Information
Standard status
Active
Size
4,030 SF
Property subtype
Retail / Showroom
Building Details
Building Size
4,030 SF
Year Built
1971
Listing Agency:
Unique Properties, Inc
(303) 524-2081
Listed By:
Hudson Cramer · License #ER.000183921
(303) 524-2081
Source:
Uniqueprop
Added: Jan 27
Changed: Aug 31
Last Checked: Aug 31 at 1:50PM
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.
Located in Denver, 5601 Leetsdale Drive presents an opportunity for retail users or developers. The property is positioned at the intersection of a high-traffic corridor, offering visibility and accessibility. The site's location near neighborhoods, retail hubs, and major transportation routes makes it suitable for businesses. The property features showroom space and is located on a corner lot at a signalized intersection. The location has high traffic counts. The property offers the potential to utilize the existing building or redevelop up to three stories, with the ability to demise for multiple tenants. The property has frontage on Leetsdale.
Key Highlights
- Prime Denver location at the intersection of Leetsdale Dr & Holly St.
- High traffic counts and excellent visibility.
- Rare opportunity to acquire a retail property with Leetsdale frontage.
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
$55,166
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
3.95%
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%
$1,103,320
$1.1M
Cap Rate 7%
$788,086
$788.1K
Cap Rate 9%
$612,956
$613.0K
Market Conditions
NOI Build-Up for 4,030 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
$82.7K $20.52/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$78.8K $19.56/SF
− OpEx
−$23.6K −$5.87/SF
NOI
$55.2K $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 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%
$1,103,320
Cap Rate 7%
$788,086
Cap Rate 9%
$612,956
Alternative Uses
Best Use
Retail
$788.1K
$689.6K – $919.4K
NOI $55,166 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,803 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,262
Businesses Nearby
119k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 39%
Apparel 13%
Hotels & Casinos 1%
King Soopers Fuel Center
Shops & Services
23,764 visits/mo
0.5 miles
McDonald's
Dining
19,665 visits/mo
0.2 miles
Goodwill
Apparel
14,948 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,186 visits/mo
0.1 miles
Santiago's
Dining
11,183 visits/mo
0.1 miles
Demographics for 80224, CO
19,199
Population
9,200
Households
2.1
Avg Household Size
39
Median Age
59%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,818
Density / Sq Mi
$82,013
Median Household Income
$52,821
Median Earnings
$1,636
Median Rent
$565,400
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Exceptional retail opportunity in Denver with high visibility and accessibility.
Where is this showroom located?
The property is located at 5601 Leetsdale Dr Denver, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Prime Denver location at the intersection of Leetsdale Dr & Holly St.; High traffic counts and excellent visibility.; Rare opportunity to acquire a retail property with Leetsdale frontage.
