Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1775 Pearl St Denver, CO 80210

    For Sale
    $10,950,000

    27-Unit Luxury Apartment Complex, High NOI

    Property size:
    24,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 27-unit apartment building, completed in 2022, presents a compelling investment opportunity in Denver's coveted Platt Park neighborhood. The property boasts 24,905 square feet on a 12,500 square foot lot and features a desirable unit mix: two studios, twenty-one one-bedroom, and four two-bedroom apartments. An underground parking garage provides 17 secure resident parking spaces, supplemented by one additional off-street space. The building is a Class B property with a current NOI of $485,300 and a pro-forma NOI of $516,023, resulting in a 4.43% cap rate and a pro-forma cap rate of 4.71%. The asking price is $10,950,000, translating to $405,555.56 per unit and $439.67 per square foot. Its prime location offers unparalleled convenience, with proximity to highly-rated restaurants (Sushi Den, Kaos Pizzeria, Park Burger, Sweet Cow), Steam Coffee, and various retail establishments. The all-electric building enjoys the benefit of most utilities being paid directly by tenants. This state-of-the-art asset, situated in a highly sought-after area with limited comparable rental options, represents an irreplaceable trophy asset in the heart of central Denver. The permitted zoning is U-MX -2X.

    Property Features for 1775 Pearl St

    General Information

    Property type
    Multifamily properties
    Square Feet
    24,905 SF
    Class
    B

    Building Details

    Year Built
    2022
    Buildings
    1
    Units
    27

    HighLights

    • 27‑unit apartment building, newly constructed in 2022.
    • All‑electric building with most utilities paid by tenants.
    • Prime location in Denver's Platt Park neighborhood, near restaurants and retail.
    • Limited comparable rental inventory in the immediate area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1775 Pearl Street ... Apartment Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9806557
    Latitude
    39.6843546

    Nearby Similar for Sale

    • $350,000
      0.02 Acres

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames St, Denver, CO 80226
      View Details
    • $2,000,000
      0.75 Acres

      Federal Heights Commercial Opportunity

      4,896 SF commercial building on 0.7475 acre lot.
      2975 W 92Nd Ave, Denver, CO 80260
      View Details
    • $3,200,000
      0.29 Acres

      RiNo Corner Location For Sale

      Highly visible corner location in Denver's RiNo district.
      3100 Blake St, Denver, CO 80205
      View Details
    • $1,200,000
      0.14 Acres

      Updated Multifamily in Growing Neighborhood

      8-unit multifamily property in Aurora's Delmar Parkway neighborhood.
      1391 Lima St, Denver, CO 80010
      View Details
    • $4,300,000
      18,936 SF

      Modern Townhomes in Fountain, Colorado

      Thirteen townhomes built in 2021 near downtown Fountain, Colorado.
      303 East Ohio Ave, Denver, CO 80209
      View Details
    • $1,965,576
      3,651 SF

      Denver Corner Retail For Sale

      Retail property at the corner of West Alameda and South Yuma.
      2299 West Alameda Ave, Denver, CO 80223
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 27-Unit Luxury Apartment Complex, High NOI
    Where is this multifamily property located?
    The property is located at 1775 Pearl St Denver, CO.
    What is the asking price?
    The asking price for this property is $10,950,000.
    What are key features of this property?
    This property features: 27-unit apartment building, newly constructed in 2022.; All-electric building with most utilities paid by tenants.; Prime location in Denver's Platt Park neighborhood, near restaurants and retail.
    Request Owner's contact information
    1775 Pearl St Denver, CO 80210
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1775 Pearl St
    Denver, CO 80210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1775 Pearl St Denver, CO 80210
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.