Building Details

Construction masonry

Tenancy Single

Listing Agency: Pinnacle Real Estate Advisors

Listed By: Corey Sandberg · License #CO FA100074750 Show Phone

Source: Crexi

Added: Sep 3 Changed: Oct 6 Last Checked: Oct 20 at 5:48PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Located at 5750–5790 W 44th Ave in Denver, Colorado, this masonry storefront property combines retail and office functionality across approximately 7,245 square feet. The building occupies a 0.29-acre lot and has operated as a commercial property for an established optical tenant since 2001.

The property is 100% leased to Look Optical, with the current lease running through December 2029. Second-floor retail or office suites may provide additional leasing potential, subject to applicable terms and approvals.

Key Highlights

• 100% leased to Look Optical
• Lease extends through December 2029
• Approximately 7,245 square feet

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

Retail

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,176 @ 7.0% cap · market cap 7.78%

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

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

Under-served

Demand for This Use

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

Similar For Sale Nearby

See more

Corner Office Building

1600 N Pennsylvania St, Denver, CO 80203

$1,900,000

6,915 SF

View details

Modernized City Park West Property

1575 N Gilpin St, Denver, CO 80218

$1,995,000

View details

Historic Office Building in Denver

2009 Market Street, Denver, CO 80205

$1,800,000

6,595 SF

View details

Historic Office Building

1515 Race St, Denver, CO 80206

$2,300,000

View details

Standalone Two-Story Office Building

520 Cherokee Street, Denver, CO 80204

$1,295,000

5,441 SF

View details

Office Building for Sale

2137 S Birch St, Denver, CO 80222

$2,200,000

View details

Two-Unit Retail Storefront Building

1428-1432 S Broadway, Denver, CO 80210

$1,495,000

5,696 SF

View details

Multi-Tenant Brick Office Building

1700 E 17th Ave, Denver, CO 80218

$1,999,000

6,104 SF

View details

Multi-Tenant Mixed-Use Property

609 E Speer Blvd, Denver, CO 80203

$1,545,000

5,352 SF

View details

Flex Space with High Ceilings

2575 S Broadway, Denver, CO 80210

$1,495,000

View details

Renovated Freestanding Office Building

3801 Franklin Street, Denver, CO 80205

$2,295,000

8,865 SF

View details

Multi-Tenant Retail Building

1900-1940 W Mississippi Ave, Denver, CO 80223

$2,500,000

9,532 SF

View details

Similar Off Market Nearby

• Passion Flower — 3865 Vrain St, Denver, CO 80212
• AK Haydon Floral Design — 4500 w 38th ave, denver, co 80212

Frequently Asked Questions

What type of property is this?

Storefront property - Masonry retail and office building with full occupancy and a lease extending through December 2029.

Where is this storefront 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: 100% leased to Look Optical; Lease extends through December 2029; Approximately 7,245 square feet