Corner Brick Retail
For Sale
$1,175,000
90 Knox Court, Denver, CO 80219
3,345 SF brick retail building on a corner lot with two drive-in loading doors and four on-site surface parking spaces.
Property Size3,345 SF
Lot Size0.14 Acres
Price / SF$351.27
Days on Market48
Property Features for 90 Knox Court
General Information
Standard status
Active
Size
3,345 SF
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Retail - Street Retail
Zoning
E-MX-2
Additional Details
Traffic Count
45,000 vehicles/day
Drive-In Doors
2
Building Details
Building Size
3,345 SF
Year Built
1981
Units
1
Listing Agency:
Henry Group Real Estate
(303) 625-7444
Listed By:
Patrick Henry · License #FA01319334
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 21
Last Checked: Aug 29 at 6:34AM
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 Henry Group Real Estate
Investment Insights
Based on property information with market context.
90 Knox Ct is a 3,345-square-foot brick retail building built in 1981, situated on a corner lot in Denver’s Barnum neighborhood. The property has two street-facing facades, with 151 feet along W 1st Avenue and 75 feet along Knox Court, providing dual exposure for a retail-oriented use. The rear includes two drive-in loading doors, adding functional flexibility beyond traditional storefront configurations.
The building’s location places it on W 1st Avenue, which carries over 45,000 vehicles per day and connects to Federal Boulevard and Sheridan Boulevard, with quick access to the I-25/6th Avenue interchange. Downtown Denver is approximately 8–9 minutes away.
E-MX-2 zoning allows a wide range of commercial uses, including neighborhood retail and restaurants, personal services, and office. Four surface parking spaces are available on-site, supporting customer access from this neighborhood commercial setting.
The building’s location places it on W 1st Avenue, which carries over 45,000 vehicles per day and connects to Federal Boulevard and Sheridan Boulevard, with quick access to the I-25/6th Avenue interchange. Downtown Denver is approximately 8–9 minutes away.
E-MX-2 zoning allows a wide range of commercial uses, including neighborhood retail and restaurants, personal services, and office. Four surface parking spaces are available on-site, supporting customer access from this neighborhood commercial setting.
Key Highlights
- 3,345 SF brick retail building on a corner lot at W 1st Avenue and Knox Court in Denver’s Barnum neighborhood
- Built in 1981; sits on a 6,250 SF lot with 151 ft of frontage on W 1st Avenue and 75 ft on Knox Court
- Two street‑facing facades for dual exposure and prominent corner presence
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
$48,680
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
4.14%
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%
$973,600
$973.6K
Cap Rate 7%
$695,429
$695.4K
Cap Rate 9%
$540,889
$540.9K
Market Conditions
NOI Build-Up for 3,345 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
$72.3K $21.60/SF
− Vacancy
−$2.7K −$0.81/SF
EGI
$69.5K $20.79/SF
− OpEx
−$20.9K −$6.24/SF
NOI
$48.7K $14.55/SF
Area
ZIP 80219
Vacancy
3.75%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$973,600
Cap Rate 7%
$695,429
Cap Rate 9%
$540,889
Alternative Uses
Best Use
Retail
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$954.2K
$834.9K – $1.11M
NOI $66,793 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
45,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Apparel 26%
Dining 8%
Electronics 2%
Arc Thrift Store
Apparel
9,148 visits/mo
0.4 miles
Conoco
Shops & Services
7,774 visits/mo
0.4 miles
Conoco
Shops & Services
7,248 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,238 visits/mo
0.1 miles
Puerto Vallarta
Dining
2,745 visits/mo
0.4 miles
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - 3,345 SF brick retail building on a corner lot with two drive-in loading doors and four on-site surface parking spaces.
Where is this storefront property located?
The property is located at 90 Knox Court Denver, CO.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 3,345 SF brick retail building on a corner lot at W 1st Avenue and Knox Court in Denver’s Barnum neighborhood; Built in 1981; sits on a 6,250 SF lot with 151 ft of frontage on W 1st Avenue and 75 ft on Knox Court; Two street‑facing facades for dual exposure and prominent corner presence
