Remodeled Retail Space on Colfax
For Sale
Contact for pricing
4609 East Colfax Avenue, Denver, CO 80220
3,803 SF retail space in Denver's Park Hill neighborhood.
Property Size3,803 SF
Price / SF$327.37
Days on Market720
Property Features for 4609 East Colfax Avenue
General Information
Standard status
Active
Size
3,803 SF
Property subtype
Retail
Zoning
U-MS-3
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Hoff & Leigh
Listed By:
Claire Hertel · License #EC100073000
(303) 506-2918
Source:
Crexi
Added: Oct 25, 2024
Changed: Oct 10
Last Checked: Oct 12 at 7:26PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This 3,803 SF retail space is available for sale or lease in the Park Hill neighborhood of Denver, Colorado. Located on East Colfax Avenue, the property is situated blocks from the intersection of East Colfax Avenue and Colorado Boulevard. Formerly a restaurant, the property offers an opportunity for new operators. Off-street parking is available in the back. Recent upgrades include a newly paved back lot of approximately 1,570 SF, a new storefront, a roll-up door, new electrical panels, a new HVAC system, a new 1,200-gallon grease trap, a walk-in cooler, and new interior finishes and restrooms.
Key Highlights
- Newly Remodeled 3,803 SF Retail Space
- Located on busy East Colfax Avenue in Denver's Park Hill neighborhood
- Significant recent upgrades: new storefront, electrical panels, HVAC, 1,200‑gallon grease trap, walk‑in cooler, interior finishes, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,059
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,180
$1.0M
Cap Rate 7%
$743,700
$743.7K
Cap Rate 9%
$578,433
$578.4K
Market Conditions
NOI Build-Up for 3,803 SF
Gross rent
$78.0K $20.52/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$74.4K $19.56/SF
− OpEx
−$22.3K −$5.87/SF
NOI
$52.1K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,180
Cap Rate 7%
$743,700
Cap Rate 9%
$578,433
Alternative Uses
Best Use
Retail
$743.7K
$650.7K – $867.7K
NOI $52,059 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,744 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 30%
Home Improvements & Furnishings 3%
Phillips 66
Shops & Services
21,236 visits/mo
0.4 miles
Taco Bell
Dining
9,281 visits/mo
0.4 miles
Circle K
Shops & Services
8,202 visits/mo
0.5 miles
Good Times Burgers & Frozen Custard
Dining
8,161 visits/mo
0.5 miles
Conoco
Shops & Services
7,550 visits/mo
0.4 miles
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - 3,803 SF retail space in Denver's Park Hill neighborhood.
Where is this storefront property located?
The property is located at 4609 East Colfax Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: Newly Remodeled 3,803 SF Retail Space; Located on busy East Colfax Avenue in Denver's Park Hill neighborhood; Significant recent upgrades: new storefront, electrical panels, HVAC, 1,200‑gallon grease trap, walk‑in cooler, interior finishes, and restrooms
