Retail Drug
For Sale
$990,000
6336 Leetsdale Dr, Denver, CO 80224
Offered for sale as a centrally located drug store retail opportunity in a convenient, accessible Southeast Denver neighborhood.
Property Size5,085 SF
Days on Market95
Property Features for 6336 Leetsdale Dr
General Information
Standard status
Active
Size
5,085 SF
Property subtype
Retail
Building Details
Building Size
5,085 SF
Year Built
1976
Listing Agency:
Shames Makovsky
Listed By:
Levi Noe · License #FA.100096819
(720) 982-8763
Source:
Naishamesmakovsky
Added: Jun 2
Changed: Aug 20
Last Checked: Sep 4 at 4:06AM
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.
This property is a retail drug store offering within a broader retail space asset set, positioned for straightforward day-to-day consumer retail use. As presented, it’s marketed as an individual retail property that can support a tenant looking for a locally serving format in a neighborhood setting.
The location is described as centrally situated in a convenient, accessible Southeast Denver neighborhood. That emphasis on accessibility and neighborhood convenience can be meaningful for retail operators who prioritize visibility and ease of customer access in the surrounding market.
For buyers evaluating retail investments or operators seeking a manageable neighborhood retail platform, the asset’s drug store retail classification may align with recurring demand retail models. The listing is framed around convenience and accessibility, which can support leasing or ownership strategies focused on serving residents in the immediate area. Interested parties should review the property details and suitability for their intended retail concept, particularly in relation to how they plan to operate within a retail environment.
The location is described as centrally situated in a convenient, accessible Southeast Denver neighborhood. That emphasis on accessibility and neighborhood convenience can be meaningful for retail operators who prioritize visibility and ease of customer access in the surrounding market.
For buyers evaluating retail investments or operators seeking a manageable neighborhood retail platform, the asset’s drug store retail classification may align with recurring demand retail models. The listing is framed around convenience and accessibility, which can support leasing or ownership strategies focused on serving residents in the immediate area. Interested parties should review the property details and suitability for their intended retail concept, particularly in relation to how they plan to operate within a retail environment.
Key Highlights
- Built in 1976
- Offered for sale as a drug store retail opportunity in a Southeast Denver neighborhood
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
$74,580
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
7.53%
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%
$1,491,600
$1.5M
Cap Rate 7%
$1,065,429
$1.1M
Cap Rate 9%
$828,667
$828.7K
Market Conditions
NOI Build-Up for 5,085 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
$104.3K $20.52/SF
− Vacancy
−$4.9K −$0.96/SF
EGI
$99.4K $19.56/SF
− OpEx
−$24.9K −$4.89/SF
NOI
$74.6K $14.67/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /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%
$1,491,600
Cap Rate 7%
$1,065,429
Cap Rate 9%
$828,667
Alternative Uses
Best Use
Specialty Retail
$1.07M
$932.3K – $1.24M
NOI $74,580 @ 7.0% cap · market cap 7.53%
Second Best
Retail
$994.4K
$870.1K – $1.16M
NOI $69,608 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,312 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
190k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 27%
Groceries 21%
Electronics 1%
King Soopers
Groceries
40,293 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
27,413 visits/mo
0.2 miles
McDonald's
Dining
19,665 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,186 visits/mo
0.5 miles
Conoco
Shops & Services
9,360 visits/mo
0.1 miles
Demographics for 80224, CO
19,199
Population
9,200
Households
2.1
Avg Household Size
39
Median Age
59%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,818
Density / Sq Mi
$82,013
Median Household Income
$52,821
Median Earnings
$1,636
Median Rent
$565,400
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - Offered for sale as a centrally located drug store retail opportunity in a convenient, accessible Southeast Denver neighborhood.
Where is this drug store located?
The property is located at 6336 Leetsdale Dr Denver, CO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Built in 1976; Offered for sale as a drug store retail opportunity in a Southeast Denver neighborhood
