Multi-Tenant Mixed-Use
For Sale
$1,660,000
609 E Speer Blvd, Denver, CO 80203
Retail and office space is arranged across multiple units that can be combined for broader layouts.
Property Size5,352 SF
Price / SF$310.16
Days on Market54
Property Features for 609 E Speer Blvd
General Information
Standard status
Active
Size
5,352 SF
Class
B
Total Parking Spaces
11
Property subtype
Retail & Office
Zoning
U-MX-3
Additional Details
Office Units
8
Building Details
Building Size
5,352 SF
Year Built
1965
Buildings
1
Tenancy
Multi
Listing Agency:
Shames Makovsky
Listed By:
Joey Gargotto · License #FA100056043
(303) 842-5767
Source:
Pinnaclerea
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 12 at 5:38PM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
Located at 609 E Speer Blvd, this mixed-use property combines retail and office space in an 8-unit, multi-tenant configuration. The 5,352-square-foot building allows units to be combined, providing flexibility within the existing layout. Originally built in 1965, the property has been updated continuously and includes 11 parking spaces.
The property is zoned U-MX-3, supporting its mixed retail and office profile. Its established unit arrangement and on-site parking create a practical configuration for multiple occupants within one commercial building.
The property is zoned U-MX-3, supporting its mixed retail and office profile. Its established unit arrangement and on-site parking create a practical configuration for multiple occupants within one commercial building.
Key Highlights
- 5,352 SF mixed‑use building with retail and office space
- 8 units that can be combined
- Built in 1965 and updated continuously
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,418
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,360
$1.6M
Cap Rate 7%
$1,120,257
$1.1M
Cap Rate 9%
$871,311
$871.3K
Market Conditions
NOI Build-Up for 5,352 SF
Gross rent
$141.3K $26.40/SF
− Vacancy
−$36.7K −$6.86/SF
EGI
$104.6K $19.54/SF
− OpEx
−$26.1K −$4.88/SF
NOI
$78.4K $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%
$1,568,360
Cap Rate 7%
$1,120,257
Cap Rate 9%
$871,311
Alternative Uses
Best Use
Office B
$1.12M
$980.2K – $1.31M
NOI $78,418 @ 7.0% cap · market cap 4.72%
Second Best
Mixed Use
$1.08M
$942.3K – $1.26M
NOI $75,383 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,261 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Retail and office space is arranged across multiple units that can be combined for broader layouts.
Where is this mixed-use property located?
The property is located at 609 E Speer Blvd Denver, CO.
What is the asking price?
The asking price for this property is $1,660,000.
What are key features of this property?
This property features: 5,352 SF mixed‑use building with retail and office space; 8 units that can be combined; Built in 1965 and updated continuously
