First-Floor Retail Condo
8060 E Girard Avenue #109 Denver, CO 80231
New
For Sale
$295,000
First-floor retail condo with an open layout, multiple sink stations, and in-unit washer and dryer.
Days on Market3
Property Features for 8060 E Girard Avenue #109
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
Jeff Johnson · License #40014556
(303) 962-9555
Source:
Coloradopartners
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 3:46AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This first-floor retail condo unit is located within a high-end condo building. The space features an open floor plan with over 1050 SF, including three sink stations for hair washing and seven hair cutting stations, along with an employee area that includes an additional sink. The unit also offers an in-unit washer and dryer, and it is currently operated as a hair salon, with the layout capable of supporting a wide variety of uses.
Building amenities include access to common areas, a pool and spa, a workout room, and a recreation room with billiards. Additional wellness features include steam and sauna, and there is a locker room on site. The unit also includes three private parking spaces just out front, and a large street sign advertising business is included with the sale.
Building amenities include access to common areas, a pool and spa, a workout room, and a recreation room with billiards. Additional wellness features include steam and sauna, and there is a locker room on site. The unit also includes three private parking spaces just out front, and a large street sign advertising business is included with the sale.
Key Highlights
- First‑floor retail condo in a high‑end condo building (1974) with an open floor plan over 1,050 SF
- Salon buildout includes 3 sink stations for hair washing and 7 hair cutting stations
- In‑unit washer and dryer plus an employee area with an additional sink
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 | $21.5k | $20.52 |
| − Vacancy | −$1.0k | −$0.96 |
| EGI | $20.5k | $19.56 |
| − OpEx | −$6.2k | −$5.87 |
| NOI | $14.4k | $13.69 |
1,050 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$205.3K
$179.7K – $239.6K
NOI $14,373 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.3K
$292.5K – $390.0K
NOI $23,398 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - First-floor retail condo with an open layout, multiple sink stations, and in-unit washer and dryer.
Where is this retail space located?
The property is located at 8060 E Girard Avenue #109 Denver, CO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: First‑floor retail condo in a high‑end condo building (1974) with an open floor plan over 1,050 SF; Salon buildout includes 3 sink stations for hair washing and 7 hair cutting stations; In‑unit washer and dryer plus an employee area with an additional sink
