Mixed-Use Property on
66 S Broadway Denver, CO 80209
66 S Broadway, Denver, CO, 80209
Contact for pricing
For Sale
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Fully leased mixed-use property with apartments, retail, and flex space.
Property Size10,400 SF
Price / SF$263.46
Days on Market896
Property Features for 66 S Broadway
General Information
- Standard status
- Active
- Size
- 10,400 SF
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 1924
Listing Agency
MHLRE
(303) 505-5194
Listed by
Dan Kargarzadeh · License #CO
Source
Crexi
Added: Feb 5, 2024 Checked: Jul 19 at 7:47 am
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
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.
Local Financial Insights For Multifamily LT 5
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 | $262.1k | $25.20 |
| − Vacancy | −$15.2k | −$1.46 |
| EGI | $246.9k | $23.74 |
| − OpEx | −$74.1k | −$7.12 |
| NOI | $172.8k | $16.62 |
10,400 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.47M
$2.16M – $2.88M
NOI $172,834 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$2.26M
$1.97M – $2.63M
NOI $157,910 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,749 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Street Smoke Shop
(Bike/Boat/Book/etc) Store
Denver Ceramic Studio
Art Studio
Blue Haus Collective
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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 $2,740,000.
What are key features of this property?
This property features: 100% Fully Leased, providing immediate income.; Features four apartment units.; Includes two retail spaces.
