Creative Space with High
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:
(401) 323-4606
Listed By:
Jeanie King
(401) 323-4606
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
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
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
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.