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 Show Phone

Source: Pinnaclerea

Added: Sep 5 Changed: Oct 1 Last Checked: Oct 20 at 7:15PM

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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

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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.

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 / Yr

$106,154

Cap Rate

8.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,123,080 $2.1M

Cap Rate 7%

$1,516,486 $1.5M

Cap Rate 9%

$1,179,489 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,245 SF

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 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 (±1% cap)

NOI $106,154 @ 7.0% cap · market cap 8.33%

Second Best

Mixed Use

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,046 @ 7.0% cap · market cap 8.00%

Theoretical Best

Office A

$2.31M

$2.02M – $2.69M (±1% cap)

NOI $161,444 @ 7.0% cap · market cap 12.66%

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

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Auto Parts Store Parking Lot & Garage Building Supply Big Box & Wholesale Store Pharmacy

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

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

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

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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