Commercial Property on East
For Sale
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5702 E Colfax Ave, Denver, CO 80220
4,471 SF commercial property with prominent frontage and flexible layout.
Property Size4,471 SF
Lot Size0.12 Acres
Price / SF$167.75
Days on Market167
Property Features for 5702 E Colfax Ave
General Information
Standard status
Active
Size
4,471 SF
Total Parking Spaces
7
Lot size
0.12 Acres
Property subtype
Retail, Office
Zoning
U-MS-3
Occupancy
100%
Net Operating Income
$45,094
Building Details
Year Built
1953
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Unique Properties, Inc
(720) 347-9512
Listed By:
Graham Trotter · License #CO FA100084828
Source:
Crexi
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 22 at 11:58AM
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 commercial property, located at 5702 E Colfax, Denver, CO 80220, features 4,471 square feet of space on a 5,156 square foot lot. The property offers prominent frontage on East Colfax, ensuring strong visibility and convenient access to surrounding neighborhoods. The layout includes a primary street-level commercial space, additional second-floor area, and basement storage, providing flexibility for various commercial uses.
Key Highlights
- Prominent East Colfax frontage and strong visibility
- 4,471 SF commercial property on a 5,156 SF lot
- Flexible layout suitable for a range of commercial users
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
$61,203
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
8.16%
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%
$1,224,060
$1.2M
Cap Rate 7%
$874,329
$874.3K
Cap Rate 9%
$680,033
$680.0K
Market Conditions
NOI Build-Up for 4,471 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
$91.7K $20.52/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$87.4K $19.56/SF
− OpEx
−$26.2K −$5.87/SF
NOI
$61.2K $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%
$1,224,060
Cap Rate 7%
$874,329
Cap Rate 9%
$680,033
Alternative Uses
Best Use
Retail
$874.3K
$765.0K – $1.02M
NOI $61,203 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,630 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 30%
Shops & Services 27%
Beauty & Spa 2%
King Soopers
Groceries
40,593 visits/mo
0.4 miles
Safeway
Groceries
28,383 visits/mo
0.5 miles
McDonald's
Dining
20,462 visits/mo
0.4 miles
Safeway Gas
Shops & Services
11,479 visits/mo
0.4 miles
Taco Bell
Dining
9,281 visits/mo
0.2 miles
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 4,471 SF commercial property with prominent frontage and flexible layout.
Where is this retail space located?
The property is located at 5702 E Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prominent East Colfax frontage and strong visibility; 4,471 SF commercial property on a 5,156 SF lot; Flexible layout suitable for a range of commercial users
