Mixed-Use Building with Dental
For Sale
Contact for pricing
877 Federal Boulevard, Denver, CO 80204
Mixed-use building featuring a long-term Comfort Dental tenant and space available for retail, office, or service use.
Property Size7,900 SF
Price / SF$252.53
Days on Market131
Property Features for 877 Federal Boulevard
General Information
Standard status
Active
Size
7,900 SF
Property subtype
Retail, Office
Zoning
E-MX-3
Building Details
Tenancy
Multi
Listing Agency:
Hoff & Leigh Denver
Listed By:
Jayme Wilson · License #FA 100088653
(719) 630-2277
Source:
Crexi
Added: Apr 30
Changed: Aug 31
Last Checked: Sep 7 at 4:51AM
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 Hoff & Leigh Denver
Investment Insights
Based on property information with market context.
Mixed-use opportunity at 877 Federal Boulevard in Denver, offered for sale and lease. The property is anchored by a long-term, well-established Comfort Dental franchise tenant, creating in-place income while leaving room for an owner-user to occupy part of the building. Total building size is 7,900 SF.
Additional space is available for leasing and is described as well-suited for retail, office, or service-oriented uses. The property is positioned to support multiple on-site uses within the mixed-use framework.
For more information or to schedule a private tour, please contact Jayme Wilson or Brandon Langiewicz.
Additional space is available for leasing and is described as well-suited for retail, office, or service-oriented uses. The property is positioned to support multiple on-site uses within the mixed-use framework.
For more information or to schedule a private tour, please contact Jayme Wilson or Brandon Langiewicz.
Key Highlights
- Mixed‑use building at 877 Federal Blvd with a long‑term Comfort Dental franchise tenant
- In‑place rental income from the established Comfort Dental tenant
- Space available for retail, office, or service‑oriented use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,315,020
$2.3M
Cap Rate 7%
$1,653,586
$1.7M
Cap Rate 9%
$1,286,122
$1.3M
Market Conditions
NOI Build-Up for 7,900 SF
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.
Gross rent
$208.6K $26.40/SF
− Vacancy
−$54.2K −$6.86/SF
EGI
$154.3K $19.54/SF
− OpEx
−$38.6K −$4.88/SF
NOI
$115.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,315,020
Cap Rate 7%
$1,653,586
Cap Rate 9%
$1,286,122
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,751 @ 7.0% cap · market cap 5.80%
Second Best
Mixed Use
$1.59M
$1.39M – $1.85M
NOI $111,272 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,040 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring a long-term Comfort Dental tenant and space available for retail, office, or service use.
Where is this mixed-use property located?
The property is located at 877 Federal Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Mixed‑use building at 877 Federal Blvd with a long‑term Comfort Dental franchise tenant; In‑place rental income from the established Comfort Dental tenant; Space available for retail, office, or service‑oriented use
