Flex Building With Garage
New
For Sale
$1,950,000
74 N Federal Boulevard, Denver, CO 80219
E-MX-3 zoning accommodates multiple uses within a flexible three-unit commercial building.
Property Size8,400 SF
Days on Market3
Property Features for 74 N Federal Boulevard
General Information
Standard status
Active
Size
8,400 SF
Class
C
Total Parking Spaces
1
Property subtype
Commercial
Zoning
E-MX-3
Occupancy
33%
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$31,695
Building Details
Building Size
8,400 SF
Year Built
1973
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Megastar Realty
(303) 523-0789
Listed By:
Cesar Reyes · License #40012845
(303) 523-0789
Source:
Coloradopartners
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 6:40AM
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 Megastar Realty
Investment Insights
Based on property information with market context.
This 1973 flex building is configured as three separate units, with two currently vacant and one occupied by a tire repair shop under a month-to-month lease. The property includes 13-foot ceilings, four garage doors, and approximately 20 parking spaces, providing practical features for automotive, service, or other commercial operations supported by the existing layout.
Positioned at Federal Boulevard and 1st Avenue in Denver, the property carries E-MX-3 zoning, which allows up to three stories and multiple uses. Its unit configuration offers separate spaces within one building, while the current short-term tenancy provides an existing occupant alongside two available units.
Positioned at Federal Boulevard and 1st Avenue in Denver, the property carries E-MX-3 zoning, which allows up to three stories and multiple uses. Its unit configuration offers separate spaces within one building, while the current short-term tenancy provides an existing occupant alongside two available units.
Key Highlights
- Three‑unit flex building with two vacant units
- One unit leased month to month to a tire repair shop
- 13‑foot ceilings and four garage doors
Financial Insights For Retail
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 | $181.4k | $21.60 |
| − Vacancy | −$6.8k | −$0.81 |
| EGI | $174.6k | $20.79 |
| − OpEx | −$52.4k | −$6.24 |
| NOI | $122.2k | $14.55 |
8,400 SF · lease $21.60/SF/yr · vacancy 3.75% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,245 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$1.02M
$893.6K – $1.19M
NOI $71,484 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,731 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
4
Drive-in doors
33.3%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - E-MX-3 zoning accommodates multiple uses within a flexible three-unit commercial building.
Where is this flex space located?
The property is located at 74 N Federal Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑unit flex building with two vacant units; One unit leased month to month to a tire repair shop; 13‑foot ceilings and four garage doors
