Leased Creative Building with
6600 E 74th Avenue, Commerce City, CO 80022
For Sale
$1,044,000
5,261 SF building, fully leased, potential for rent increases.
Property Size5,100 SF
Lot Size0.32 Acres
Price / SF$204.71
Days on Market303
Property Features for 6600 E 74th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
110V
Composition Roof
Landscaped
Membrane Roof
Building Details
Year Built
Listing Agency:
JPAR MODERN REAL ESTATE
(303) 433-3158
Listed By:
ZACH MILLER
(720) 940-5068
Source:
Corcoran
Added: Jan 8
Changed: Aug 8
Last Checked: Jul 8 at 4:05AM
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 JPAR MODERN REAL ESTATE
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Investment Insights
Based on property information with market context.
This 5,261 SF building is currently 100% leased and used as private art studios. The space is designed to inspire and perform, featuring 20-foot ceilings, abundant natural light, and large windows and doors, creating an open and energizing environment suitable for creative, studio, office, or production uses. The property offers flexibility for an owner-user or investor, with the option to occupy half the space while leasing the remainder for income. It includes two private outdoor areas: a private patio accessible from the interior and a second patio for shared use. Located within an Enterprise Zone, the property offers financial incentives, including a city match of up to $25,000 for exterior improvements. All major updates were completed in 2017. Qualified projects may benefit from reduced development costs, accelerated permitting, and rebates on permit fees and sales/use taxes for construction materials. Advantages include workforce hiring and training assistance, executive relocation support, and supply chain referrals. The city’s Enterprise Zone designation provides state income tax credits for new equipment purchases, job creation, and RD expenditures, along with exemptions on state sales/use tax for manufacturing equipment. Businesses may also access the Commercial Catalyst Program for façade and signage improvements as well as energy cost savings through utility incentive programs.
Key Highlights
- 100% leased 5,261 SF building with potential for up to 30% rent increases.
- Located in an Enterprise Zone with financial incentives for improvements.
- Exceptional flexibility for owner‑user or investor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,259
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,845,180
$1.8M
Cap Rate 7%
$1,317,986
$1.3M
Cap Rate 9%
$1,025,100
$1.0M
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$153.0K $30.00/SF
− Vacancy
−$30.0K −$5.88/SF
EGI
$123.0K $24.12/SF
− OpEx
−$30.8K −$6.03/SF
NOI
$92.3K $18.09/SF
Area
Adams County, CO
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,845,180
Cap Rate 7%
$1,317,986
Cap Rate 9%
$1,025,100
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,259 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$75.04M
$65.66M – $87.54M
NOI $5,252,559 @ 7.0% cap · market cap 503.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - 5,261 SF building, fully leased, potential for rent increases.
Where is this creative space located?
The property is located at 6600 E 74th Avenue Commerce City, CO.
What is the asking price?
The asking price for this property is $1,044,000.
What are key features of this property?
This property features: 100% leased 5,261 SF building with potential for up to 30% rent increases.; Located in an Enterprise Zone with financial incentives for improvements.; Exceptional flexibility for owner‑user or investor.
