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Architectural Office Building with Storage
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722-730 Kalamath St, Denver, CO 80204

Distinct office layout with private offices, conference rooms, built-in kitchen, and covered temperature-controlled storage.

Property Size6,541 SF
Price / SF$389.85
Days on Market641

Property Features for 722-730 Kalamath St

General Information

Standard status Active
Size 6,541 SF
Property subtype OFFICE

Site & Location

Neighborhood Lincoln Park
Road Access Yes

Additional Details

Business Included No

Amenities

private offices
open seating areas
covered temperature-controlled storage
fully built out kitchen
five private full bathrooms
shower
private outdoor space
private vehicle access
private gated parking
updated conference rooms
automatic exterior lighting

Building Details

Construction concrete barrel roof
Listing Agency: Required Properties
Listed By: JB Hochman
Source: Moodyscre
Added: Jan 29, 2025 Changed: Oct 26 Last Checked: Nov 1 at 9:20AM

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 Required Properties

Rey
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Investment Insights

Based on property information with market context.

This architecturally significant office building offers a mix of private offices and open seating areas, along with two right-sized updated conference rooms. The interior includes a centrally located, fully built-out kitchen. Restrooms are available via five private full bathrooms and one-shower, supporting flexible office use.

Covered and temperature-controlled storage is provided in both the basement and the 2nd floor. The building also includes a private outdoor space, with private access points from within the building and private vehicle access to that space from both Kalamath at the front and an alley at the rear. Exterior lighting and exterior building lighting were replaced in 2024 and operate on an automatic turn on/off schedule.

Parking is private and gated for the exclusive use of the building, supporting on-site access for occupants and visitors.

Key Highlights

  • Architecturally significant building with a concrete barrel roof
  • Highly desirable office layout with a mix of open seating and multiple private offices
  • Two updated, right‑sized conference rooms plus a centrally located built‑in kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$95,839
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,780 $1.9M
Cap Rate 7%
$1,369,129 $1.4M
Cap Rate 9%
$1,064,878 $1.1M
Market Conditions
NOI Build-Up for 6,541 SF
Gross rent
$172.7K $26.40/SF
− Vacancy
−$44.9K −$6.86/SF
EGI
$127.8K $19.54/SF
− OpEx
−$31.9K −$4.88/SF
NOI
$95.8K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,780
Cap Rate 7%
$1,369,129
Cap Rate 9%
$1,064,878

Alternative Uses

Best Use
Office B
$1.37M
$1.20M – $1.60M (±1% cap)
NOI $95,839 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M (±1% cap)
NOI $145,757 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Mobile Phone Store Clothing & Fashion Store Daycare Center Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,044
Businesses Nearby

Demographics for 80204, CO

35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Denver, CO

14.5% 2019
17.4% 2020
19.3% 2021
21.8% 2022
23% 2023
25% 2024
26.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Distinct office layout with private offices, conference rooms, built-in kitchen, and covered temperature-controlled storage.
Where is this office building located?
The property is located at 722-730 Kalamath St Denver, CO.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Architecturally significant building with a concrete barrel roof; Highly desirable office layout with a mix of open seating and multiple private offices; Two updated, right‑sized conference rooms plus a centrally located built‑in kitchen
(303) 668-4930 · Office Call to check price and availability
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