Office and Retail Building with
For Sale
$4,000,000
574 Santa Fe Drive, Denver, CO 80204
Office-ready building with on-site parking and mixed-use zoning for flexible tenant or redevelopment use.
Property Size18,704 SF
Lot Size0.36 Acres
Price / SF$213.86
Days on Market109
Property Features for 574 Santa Fe Drive
General Information
Standard status
Active
Size
18,704 SF
Lot size
0.36 Acres
Property subtype
Retail - Freestanding
Zoning
Mixed-use
Additional Details
Traffic Count
60,000 vehicles/day
Building Details
Building Size
18,704 SF
Year Built
1911
Year Renovated
1990
Listing Agency:
Henry Group Real Estate
Listed By:
Patrick Henry · License #FA01319334
(303) 625-7444
Source:
Commercialcafe
Added: Jun 22
Changed: Sep 25
Last Checked: Oct 7 at 9:34AM
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 Henry Group Real Estate
Investment Insights
Based on property information with market context.
The property is an 18,704 SF building on a 15,739 SF lot, offering existing office improvements and the ability to support retail and other permitted uses. On-site parking is included, with a portion of spaces configured as tandem parking, which can be helpful for both office and customer-oriented layouts.
Situated along the Santa Fe Drive corridor at a high-traffic intersection, the location provides strong exposure with reported counts of 55,000–60,000 vehicles per day on Santa Fe Drive and 20,000–25,000 vehicles per day on West 6th Avenue. The mixed-use zoning provides flexibility across office, retail, residential, and creative applications, supporting longer-term repositioning or redevelopment considerations.
For tenants and buyers, the combination of near-term office improvements and on-site parking can support immediate occupancy for office users or adaptable retail activity. Buyers seeking a flexible ownership scenario may also consider how the zoning breadth and corridor visibility align with potential conversion to other permitted uses over time, depending on design and operating requirements.
Situated along the Santa Fe Drive corridor at a high-traffic intersection, the location provides strong exposure with reported counts of 55,000–60,000 vehicles per day on Santa Fe Drive and 20,000–25,000 vehicles per day on West 6th Avenue. The mixed-use zoning provides flexibility across office, retail, residential, and creative applications, supporting longer-term repositioning or redevelopment considerations.
For tenants and buyers, the combination of near-term office improvements and on-site parking can support immediate occupancy for office users or adaptable retail activity. Buyers seeking a flexible ownership scenario may also consider how the zoning breadth and corridor visibility align with potential conversion to other permitted uses over time, depending on design and operating requirements.
Key Highlights
- 18,704 SF office‑ready building on a 15,739 SF lot with on‑site parking and a portion of tandem parking spaces
- Exposure along Santa Fe Drive at a high‑traffic intersection: 55,000–60,000 vehicles/day on Santa Fe Drive and 20,000–25,000 vehicles/day on West 6th Avenue
- Mixed‑use zoning supports a range of permitted uses, including office, retail, residential, and creative applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,051
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,481,020
$5.5M
Cap Rate 7%
$3,915,014
$3.9M
Cap Rate 9%
$3,045,011
$3.0M
Market Conditions
NOI Build-Up for 18,704 SF
Gross rent
$493.8K $26.40/SF
− Vacancy
−$128.4K −$6.86/SF
EGI
$365.4K $19.54/SF
− OpEx
−$91.4K −$4.88/SF
NOI
$274.1K $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 Rate 5%
$5,481,020
Cap Rate 7%
$3,915,014
Cap Rate 9%
$3,045,011
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,051 @ 7.0% cap · market cap 6.85%
Second Best
Retail
$3.66M
$3.20M – $4.27M
NOI $256,037 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,791 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
60,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
4,781
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office units - Office-ready building with on-site parking and mixed-use zoning for flexible tenant or redevelopment use.
Where is this office units located?
The property is located at 574 Santa Fe Drive Denver, CO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 18,704 SF office‑ready building on a 15,739 SF lot with on‑site parking and a portion of tandem parking spaces; Exposure along Santa Fe Drive at a high‑traffic intersection: 55,000–60,000 vehicles/day on Santa Fe Drive and 20,000–25,000 vehicles/day on West 6th Avenue; Mixed‑use zoning supports a range of permitted uses, including office, retail, residential, and creative applications
