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    3540 Poplar St Denver, CO 80237

    Sponsored
    For Lease
    $18 SF/Yr

    Denver medical office building, 2 suites available.

    Lot size:
    22,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    427
    This exceptional three-story, Class B medical office building, located at 3540 S Poplar St in Denver, Colorado's Hampden Corridor, offers a rare opportunity for medical professionals. The 22,562 square foot building, constructed in 1974 and extensively renovated in 2017, boasts 1,880 square feet of immediately available space, divided into two suites ranging from 1,526 to 1,636 square feet. The building currently enjoys 100% occupancy, a testament to its desirability. Recent upgrades include a complete overhaul of the common areas, modernized lighting and HVAC systems, and refurbished elevator cabs and mechanics. The parking lot has been resurfaced, and the roof has been replaced. Improvements also include a redesigned first-floor common area restroom and ADA-compliant entry from the parking lot. The building provides ample parking with a ratio of 4.2 spaces per 1,000 square feet. One elevator serves all three floors. This prime location offers excellent signage opportunities and convenient access, situated near Southmoor Park in Denver County, zip code 80237. This is a unique chance to acquire space in a well-maintained, highly sought-after medical office building.

    Property Features for 3540 Poplar St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,562 SF
    Class
    B
    Total Rate
    34783.08

    Building Details

    Year Built/Renovated
    1974/2017
    Stories
    3

    Spaces For Lease

    at 3540 Poplar St, Denver, CO 80237 Contact us
    Unit Suite 100

    $20 /Mo

    Size
    1,526 SF
    Contact us
    Unit Ste. 102

    $20 /Mo

    Size
    1,636 SF
    Contact us

    We can help!

    Listing Contact
    Natasha Felten
    Natasha Felten

    Learn more

    Property Insight Report

    HighLights

    • Class B, two‑story medical office building with main and lower level suites available.
    • Poplar Street location, near East Hampden Avenue, I‑25 access, and Southmoor Park.
    • Recently renovated with updated parking lot, roof, elevator, common areas, restrooms, and elevator cabs.
    • Excellent location with surrounding office, retail, and residential properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Artistic & Family Dental ... Dental Office Artistic & Family Dental Dental Office C Fitness Gym & Fitness Center Natural Care Medical Clinic Chisholm Thomas N ... Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9043469
    Latitude
    39.652211

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    FAQs

    What type of property is this?
    Medical office - Denver medical office building, 2 suites available.
    Where is this medical office located?
    The property is located at 3540 Poplar St Denver, CO.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class B, two-story medical office building with main and lower level suites available.; Poplar Street location, near East Hampden Avenue, I-25 access, and Southmoor Park.; Recently renovated with updated parking lot, roof, elevator, common areas, restrooms, and elevator cabs.
    Request Owner's contact information
    3540 Poplar St Denver, CO 80237
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    Denver, CO 80237
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3540 Poplar St Denver, CO 80237
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    We can help!
    Listing Contact
    Natasha Felten
    Natasha Felten
    Real Estate License ID: ER.040012418
    Learn more
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