246 S Broadway, Denver, CO 80209
Ground floor retail, second floor apartment near Alameda & Broadway.
- Added:
- Sep 30, 2024
- Days on Market:
- 646
- Last Refresh:
- Jun 23 at 8:14 am
Property Features for 246 S Broadway
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1898
Listing office Unique Properties, Inc (303) 900-5742
Listing date Sep 30, 2024
Source Crexi
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 Unique Properties, Inc
HighLights
- Mixed‑use/live‑work property offering versatile potential.
- Remodeled & upgraded in 2024 & 2018.
- Ground floor retail space featuring impressive 12’ ceilings.
- Second floor apartment – 2BR 1BA, with potential to add a 3rd BR.
- Strong curb appeal.
- Near many great amenities.
Overview
Local Financial Insights For Apartment 5plus
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 | $88.2k | $29.40 |
| − Vacancy | −$5.4k | −$1.79 |
| EGI | $82.8k | $27.61 |
| − OpEx | −$37.3k | −$12.42 |
| NOI | $45.6k | $15.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.987136
- Latitude
- 39.720355
