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6600 E 74th Ave, Commerce City, CO, 80022
Creative Space with High Ceilings

6600 E 74th Ave Commerce City, CO 80022

For Sale
$1,044,000

Leased creative building with financial advantages and long-term growth potential.

Property Size5,261 SF
Price / SF$198.44
Days on Market95

Property Features for 6600 E 74th Ave

General Information

Standard status
Active
Size
5,261 SF
Property subtype
Commercial

Building Details

Year Built
1960
Listing Agency:
Listed By: Jeanie King
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 26 at 7:31AM

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 Jeanie King


Investment Insights

Based on property information with market context.

This 5,261 square foot building is currently 100% leased and used as private art studios. The interior features 20-foot ceilings, abundant natural light, and large windows and doors. It is designed to inspire and perform, creating an open, energizing environment suitable for creative, studio, office, or production uses. The building offers flexibility for an owner-user or investor to occupy half the space while leasing the remaining portion for income. There are two private outdoor areas. One private patio opens directly from the interior, while a second patio is available for shared use by the entire building. Located within an Enterprise Zone, this property may deliver financial incentives. The city may match up to $25,000 in 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 R&D 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. The bike score is 43, the walk score is 58, and the transit score is 28.

Key Highlights

  • 100% leased 5,261 SF building with potential for up to 30% rent increases.
  • Located in an Enterprise Zone with city matching up to $25,000 in exterior improvements.
  • Flexible for owner‑user or investor: occupy half, lease the rest.

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $157.8k $30.00
− Vacancy −$30.9k −$5.88
EGI $126.9k $24.12
− OpEx −$31.7k −$6.03
NOI $95.2k $18.09
5,261 SF · lease $30.00/SF/yr · vacancy 19.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,171 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$77.41M
$67.73M – $90.31M (±1% cap)
NOI $5,418,375 @ 7.0% cap · market cap 519.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Creative space

Suggested Use

Auto Repair Shop Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Law Firm Spa & Massage Center Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Creative space - Leased creative building with financial advantages and long-term growth potential.
Where is this creative space located?
The property is located at 6600 E 74th Ave 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 city matching up to $25,000 in exterior improvements.; Flexible for owner‑user or investor: occupy half, lease the rest.
More about this property
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