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

    1468 Cherokee St Denver, CO 80223

    For Sale
    Contact for pricing

    10-Station Kitchen, High Occupancy, 6% Cap Rate

    Property size:
    4,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a fully-leased, 4,540 square foot multi-tenant QSR property located at 1468 S Cherokee St, Denver, CO 80223. The property, built in 1993 and extensively renovated in 2021, boasts a 6.00% cap rate and an 80% occupancy rate. Ten individual kitchen stations, ranging from 200 to 317 square feet each, offer customizable layouts and are equipped with 10-foot type exhaust hoods and ventilation, three-compartment sinks, and hand-washing stations. Shared amenities include optional refrigeration, freezer, and storage space. The property features a new roof, HVAC system, and solar panels, enhancing energy efficiency and reducing operating costs. On-site food runners/expediters streamline logistics, while short-term parking is available for delivery drivers. Additional tenant amenities include employee break areas and a liquor license is in place. The 10,950 square foot lot provides ample space, and 15 parking spaces are available. The property is zoned I-A and offers a turnkey investment opportunity in a thriving Denver location. This property is ideal for investors seeking a stable, high-return investment in the rapidly growing food service industry. The property's central location provides easy access to a large customer base, with over 33,000 households and 75,000 people within a two-mile radius, boasting an average household income of $117,000.

    Property Features for 1468 Cherokee St

    General Information

    Property type
    Restaurants
    Square Feet
    4,540 SF

    Building Details

    Year Built/Renovated
    1993/2021

    HighLights

    • Newly renovated in 2021.
    • On‑site food runners/expediters.
    • New roof, HVAC system, and solar panels.
    • Shared refrigeration, freezer, and storage available.
    • Ten kitchen stations (200‑317 SF each).
    • Customizable kitchen layouts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wing SZN - UDenver Chicken Wings Restaurant Dorsey's Catering Caterer Kung Fu Bear ... Asian Restaurant Khan Toke Authentic ... Thai Restaurant Dozens Restaurant Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9907943
    Latitude
    39.6899294

    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
    • New
      $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
    • $350,000
      0.02 Acres

      Versatile Warehouse/Storage Unit in Lakewood

      Spacious warehouse/storage unit with flex space, ideal for various uses.
      560 Ames St, Denver, CO 80226
      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

    FAQs

    What type of property is this?
    Restaurant - 10-Station Kitchen, High Occupancy, 6% Cap Rate
    Where is this restaurant located?
    The property is located at 1468 Cherokee St Denver, CO.
    What are key features of this property?
    This property features: Newly renovated in 2021.; On-site food runners/expediters.; New roof, HVAC system, and solar panels.
    Request Owner's contact information
    1468 Cherokee St Denver, CO 80223
    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.
    1468 Cherokee St
    Denver, CO 80223
    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
    1468 Cherokee St Denver, CO 80223
    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.