Corner Retail-Office
For Sale
Contact for pricing
8389 Cherokee St, Denver, CO 80260
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 Market201
Property Features for 8389 Cherokee St
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Office, Retail
Zoning
C-1 (Adams County)
Listing Agency:
Summit Commercial Brokers
Listed By:
Kyle Conarro · License #CO 100098695
(303) 827-9436
Source:
Crexi
Added: Apr 6
Changed: Oct 8
Last Checked: Oct 23 at 6:58AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,421
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,420
$908.4K
Cap Rate 7%
$648,871
$648.9K
Cap Rate 9%
$504,678
$504.7K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$81.8K $26.40/SF
− Vacancy
−$21.3K −$6.86/SF
EGI
$60.6K $19.54/SF
− OpEx
−$15.1K −$4.88/SF
NOI
$45.4K $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%
$908,420
Cap Rate 7%
$648,871
Cap Rate 9%
$504,678
Alternative Uses
Best Use
Office B
$648.9K
$567.8K – $757.0K
NOI $45,421 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 80260, CO
36,691
Population
12,841
Households
2.9
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
4.8 sq mi
ZIP Area
7,644
Density / Sq Mi
$62,929
Median Household Income
$38,674
Median Earnings
$1,532
Median Rent
$188,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled corner building with multi-office layout, ADA restrooms, and nine on-site parking spaces on C-1 zoned land.
Where is this office unit 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
