Mixed-Use Property on
For Sale
Contact for pricing
66 S Broadway, Denver, CO 80209
Fully leased mixed-use property with apartments, retail, and flex space.
Property Size10,400 SF
Price / SF$257.69
Days on Market987
Property Features for 66 S Broadway
General Information
Standard status
Active
Size
10,400 SF
Class
C
Property subtype
Multifamily, Retail
Zoning
G-MS-5
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$204,677
Building Details
Year Built
1924
Year Renovated
2007
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
MHLRE
Listed By:
Dan Kargarzadeh · License #CO
(303) 505-5194
Source:
Crexi
Added: Feb 5, 2024
Changed: Oct 17
Last Checked: Oct 19 at 3:20AM
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 MHLRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property features four apartment units, two retail spaces, and one flex space. The property is currently 100% leased with loyal tenants. The building has a property size of 10400 square feet.
Key Highlights
- 100% Fully Leased, providing immediate income.
- Features four apartment units.
- Includes two retail spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,834
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,456,680
$3.5M
Cap Rate 7%
$2,469,057
$2.5M
Cap Rate 9%
$1,920,378
$1.9M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$262.1K $25.20/SF
− Vacancy
−$15.2K −$1.46/SF
EGI
$246.9K $23.74/SF
− OpEx
−$74.1K −$7.12/SF
NOI
$172.8K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,456,680
Cap Rate 7%
$2,469,057
Cap Rate 9%
$1,920,378
Alternative Uses
Best Use
Multifamily LT 5
$2.47M
$2.16M – $2.88M
NOI $172,834 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$2.26M
$1.97M – $2.63M
NOI $157,910 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,749 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use property with apartments, retail, and flex space.
Where is this mixed-use property located?
The property is located at 66 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: 100% Fully Leased, providing immediate income.; Features four apartment units.; Includes two retail spaces.
