Leased Mixed-Use
New
For Sale
$1,275,000
5750-5790 W 44th Ave, Denver, CO 80212
Masonry commercial building combines renovated ground-floor retail with second-floor office space and private access.
Property Size7,245 SF
Lot Size0.29 Acres
Price / SF$175.98
Days on Market2
Property Features for 5750-5790 W 44th Ave
General Information
Standard status
Active
Size
7,245 SF
Class
C
Lot size
0.29 Acres
Property subtype
Office
Occupancy
100%
Building Details
Building Size
7,245 SF
Year Built
1959
Construction
masonry
Tenancy
Single
Listing Agency:
Pinnacle Real Estate Advisors - Sandberg Monette
Listed By:
Keith Lenz
(630) 235-2701
Source:
Pinnaclerea
Added: Sep 5
Last Checked: Sep 5 at 3:13PM
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 Pinnacle Real Estate Advisors - Sandberg Monette
Investment Insights
Based on property information with market context.
This masonry mixed-use property contains approximately 7,245 square feet on a 0.29-acre lot. The first floor features recently renovated retail space, while the second floor provides office areas with private access. The building was constructed in 1959 and is fully leased to a single tenant.
Located at 5750-5790 W 44th Ave in Denver, Colorado, the property offers street exposure along West 44th Avenue. Look Optical has occupied the building since 2001, with the current lease extending through December 2029.
Located at 5750-5790 W 44th Ave in Denver, Colorado, the property offers street exposure along West 44th Avenue. Look Optical has occupied the building since 2001, with the current lease extending through December 2029.
Key Highlights
- Approximately 7,245 square feet on a 0.29‑acre lot
- Fully leased to a single tenant through December 2029
- Recently renovated retail space on the first floor
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
$106,154
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
8.33%
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%
$2,123,080
$2.1M
Cap Rate 7%
$1,516,486
$1.5M
Cap Rate 9%
$1,179,489
$1.2M
Market Conditions
NOI Build-Up for 7,245 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
$191.3K $26.40/SF
− Vacancy
−$49.7K −$6.86/SF
EGI
$141.5K $19.54/SF
− OpEx
−$35.4K −$4.88/SF
NOI
$106.2K $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%
$2,123,080
Cap Rate 7%
$1,516,486
Cap Rate 9%
$1,179,489
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,154 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,046 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,444 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
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?
Mixed-use property - Masonry commercial building combines renovated ground-floor retail with second-floor office space and private access.
Where is this mixed-use property located?
The property is located at 5750-5790 W 44th Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Approximately 7,245 square feet on a 0.29‑acre lot; Fully leased to a single tenant through December 2029; Recently renovated retail space on the first floor
