Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    51 W 4th Ave, Denver, CO 80223

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office buildings

    Type:Office
    Property size:
    8,863 SF
    Price / SF:
    $361/SF
    Added:
    Sep 4, 2024
    Days on Market:
    638
    Last Refresh:
    May 12 at 9:48 pm

    Property Features for 51 W 4th Ave

    General Information

    Standard status
    Active
    Size
    8,863 SF
    Property subtype
    Office

    Building Details

    Year Built
    1890

    We can help!

    Listing Contact
    Cody Stambaugh

    Listing agent Cody Stambaugh License #CO FA.100039158

    Listing office Pinnacle Real Estate Advisors

    Listing date Sep 4, 2024

    Source Crexi

    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 Pinnacle Real Estate Advisors

    HighLights

    • 8,863 sq ft historic office building in Denver's vibrant Baker Neighborhood.
    • Prime location with excellent visibility and accessibility.
    • Comprehensive renovation in 2014 blending historic charm with modern functionality.
    • Flexible C‑MX‑8 zoning allows for a range of office and commercial uses.
    • Located in the Baker Historic Neighborhood with diverse shopping, dining, and entertainment.
    • Access to mass transit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auxilio Management Services Environmental Consultant

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9888581
    Latitude
    39.722751

    Nearby Similar for Sale

    • $600,000

      Versatile Commercial Building on Colfax

      Retail/office space with redevelopment potential in a high-traffic Denver location.
      8710 E Colfax Ave, Denver, CO 80220
      View Details
    • $1,100,000
      3,624 SF

      Retail Investment Opportunity in Denver

      Retail property with stable income and built-in growth potential.
      913 N Corona St, Denver, CO 80218
      View Details
    • $350,000

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames Street 305, Denver, CO 80226
      View Details
    • $999,999
      2,245 SF

      Renovated Triplex in West Wash

      Fully renovated three-unit building in Denver's West Wash Park.
      342 S Lincoln St, Denver, CO 80209
      View Details
    • $825,000
      3,110 SF

      Updated Duplex in Hale Neighborhood

      Turnkey duplex with upgrades in a desirable Denver location.
      5101 E 8th Ave, Denver, CO 80220
      View Details
    • $899,000
      2,286 SF

      RiNo Duplex: Income and Potential

      Classic duplex in RiNo with income potential and expansion possibilities.
      2929 Curtis St, Denver, CO 80205
      View Details
    • $500,000
      1,574 SF

      Denver Townhome with Mountain Views

      End-unit townhome near US-36 with mountain views and modern upgrades.
      2768 W 68th Ave, Denver, CO 80221
      View Details
    • $995,000
      3,654 SF

      Modern Flex/Office Building For Sale

      Two-story flex/office building with warehouse space and outdoor area.
      1305 S Inca St, Denver, CO 80223
      View Details
    • $1,600,000
      3,416 SF

      Denver Restaurant Opportunity on Broadway

      Stand-alone restaurant near downtown, RiNo, and LoDo with high visibility.
      2150 N Broadway, Denver, CO 80205
      View Details
    • $950,000
      5,670 SF

      Two-Building Opportunity in Denver

      Two vacant buildings ideal for owner-user or investment.
      2162 S Jason Street, Denver, CO 80223
      View Details
    • $875,000

      Victorian Mixed-Use in Washington Park

      Historic property with mixed-use zoning near South Broadway shops.
      25 E Dakota Ave, Denver, CO 80209
      View Details
    • $950,000

      Classic Dutch Colonial Office Building

      Updated Dutch Colonial mansion-turned-office in downtown Denver.
      1718 N Gaylord St, Denver, CO 80206
      View Details

    FAQs

    Where is this office building located?
    The property is located at 51 W 4th Ave Denver, CO.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 8,863 sq ft historic office building in Denver's vibrant Baker Neighborhood.; Prime location with excellent visibility and accessibility.; Comprehensive renovation in 2014 blending historic charm with modern functionality.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cody Stambaugh
    Real Estate License ID: CO FA.100039158
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51 W 4th Ave, Denver, CO 80223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!