Corner Retail-Office
8389 Cherokee St Denver, CO 80260
8389 Cherokee St, Denver, CO, 80260
Contact for pricing
For Sale
Contact for pricing
Remodeled corner building with multi-office layout, ADA restrooms, and nine on-site parking spaces on C-1 zoned land.
Property Size3,100 SF
Price / SF$300
Days on Market107
Property Features for 8389 Cherokee St
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Office, Retail
Listing agency
Summit Commercial Brokers
(303) 827-9436
Listed by
Kyle Conarro · License #CO 100098695
Source
Crexi
Added: Apr 6 Updated: Jul 21 at 2:56AM Checked: Jul 21 at 2:56AM
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 Summit Commercial Brokers
Investment Insights
Based on property information with market context.
This corner commercial building offers a functional multi-office configuration with a main-level reception area and conference room, plus seven private suites. The lower level includes three large offices, a break room, and an IT room. Two ADA-compliant restrooms support day-to-day operations, and the property was recently remodeled in 2023 and is positioned for move-in readiness.
Located at the intersection of 84th Ave and Cherokee St, the property features prominent frontage along 84th Ave for strong visibility and convenient access from multiple directions. The site sits on a 0.18-acre lot and is zoned C-1 (Adams County), supporting a range of retail, office, and service uses.
The building includes nine on-site parking spaces and currently has two suites leased on a month-to-month basis for in-place income. The remaining space can accommodate owner-user occupancy or additional tenant leasing within the established suite and office layout.
Located at the intersection of 84th Ave and Cherokee St, the property features prominent frontage along 84th Ave for strong visibility and convenient access from multiple directions. The site sits on a 0.18-acre lot and is zoned C-1 (Adams County), supporting a range of retail, office, and service uses.
The building includes nine on-site parking spaces and currently has two suites leased on a month-to-month basis for in-place income. The remaining space can accommodate owner-user occupancy or additional tenant leasing within the established suite and office layout.
Key Highlights
- High‑visibility corner location on 84th Ave & Cherokee St with prominent 84th Ave frontage
- 3,100 SF building on a 0.18‑acre lot, zoned C‑1 (Adams County) for retail, office, and service uses
- Recently remodeled in 2023 and move‑in ready with a functional multi‑office layout
Local 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 | $81.8k | $26.40 |
| − Vacancy | −$21.3k | −$6.86 |
| EGI | $60.6k | $19.54 |
| − OpEx | −$15.1k | −$4.88 |
| NOI | $45.4k | $14.65 |
3,100 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$648.9K
$567.8K – $757.0K
NOI $45,421 @ 7.0% cap · market cap 4.88%
Second Best
Retail
$606.2K
$530.5K – $707.3K
NOI $42,436 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$986.8K
$863.5K – $1.15M
NOI $69,079 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Explorer Services Co.
Auto Parts Store
Bonnie Bridal Gowns
Wedding Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Remodeled corner building with multi-office layout, ADA restrooms, and nine on-site parking spaces on C-1 zoned land.
Where is this office units located?
The property is located at 8389 Cherokee St Denver, CO.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: High‑visibility corner location on 84th Ave & Cherokee St with prominent 84th Ave frontage; 3,100 SF building on a 0.18‑acre lot, zoned C‑1 (Adams County) for retail, office, and service uses; Recently remodeled in 2023 and move‑in ready with a functional multi‑office layout
