Former Food Hall and
For Sale
Contact for pricing
6575 Greenwood Plaza Blvd, Greenwood Village, CO
Former food hall and brewery near Denver Tech Center.
Property Size12,438 SF
Lot Size1.82 Acres
Price / SF$341.69
Days on Market580
Property Features for 6575 Greenwood Plaza Blvd
General Information
Standard status
Active
Size
12,438 SF
Lot size
1.82 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Denver
(303) 572-1800
Listed By:
Erik Christopher
(303) 390-5252
Source:
Moodyscre
Added: Feb 10, 2025
Changed: Aug 14
Last Checked: Sep 13 at 8:53AM
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 SRS Real Estate Partners | Denver
Investment Insights
Based on property information with market context.
This property, formerly a food hall, includes nine individual stalls and FF&E, with certain exclusions. It features a large hall with a bar and a private event space. A fully functioning brewery is on-site, with the capacity to produce up to 800 kegs per year. The property is adjacent to Fiddlers Green Amphitheatre, Pindustry, and the Denver Tech Center. With a total area of 12438 square feet, this location presents an opportunity for a flagship restaurant or food hall operation.
Key Highlights
- Former Food Hall with Nine (9) individual stalls - FF&E included (certain exclusions apply)
- Fully Functioning Brewery with production - ability to produce up to 800 kegs per year
- Large Hall with Bar and private event space**
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
$224,735
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
5.29%
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%
$4,494,700
$4.5M
Cap Rate 7%
$3,210,500
$3.2M
Cap Rate 9%
$2,497,056
$2.5M
Market Conditions
NOI Build-Up for 12,438 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
$335.8K $27.00/SF
− Vacancy
−$14.8K −$1.19/SF
EGI
$321.0K $25.81/SF
− OpEx
−$96.3K −$7.74/SF
NOI
$224.7K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,494,700
Cap Rate 7%
$3,210,500
Cap Rate 9%
$2,497,056
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.75M
NOI $224,735 @ 7.0% cap · market cap 5.29%
Second Best
Specialty Retail
$2.76M
$2.41M – $3.22M
NOI $192,986 @ 7.0% cap · market cap 4.54%
Theoretical Best
Multifamily LT 5
$184.66M
$161.58M – $215.44M
NOI $12,926,519 @ 7.0% cap · market cap 304.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Epicurean Catering at Palazzo Verdi — 6363 S Fiddlers Green Cir, Greenwood Village, CO 80111
Frequently Asked Questions
What type of property is this?
Restaurant - Former food hall and brewery near Denver Tech Center.
Where is this restaurant located?
The property is located at 6575 Greenwood Plaza Blvd Greenwood Village, CO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Former Food Hall with Nine (9) individual stalls - FF&E included (certain exclusions apply); Fully Functioning Brewery with production - **ability to produce up to 800 kegs per year**; Large Hall with Bar and private event space**
