For Sale
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51 W 4th Ave, Denver, CO 80223
Office buildings
Property Size8,863 SF
Price / SF$361.05
Days on Market775
Property Features for 51 W 4th Ave
General Information
Standard status
Active
Size
8,863 SF
Total Parking Spaces
11
Property subtype
Office
Zoning
C-MX-8
Building Details
Year Built
1890
Year Renovated
2014
Buildings
1
Stories
3
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Cody Stambaugh · License #CO FA.100039158
(720) 291-0686
Source:
Crexi
Added: Sep 4, 2024
Changed: Oct 13
Last Checked: Oct 16 at 6:32AM
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
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Investment Insights
Based on property information with market context.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,861
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,220
$2.6M
Cap Rate 7%
$1,855,157
$1.9M
Cap Rate 9%
$1,442,900
$1.4M
Market Conditions
NOI Build-Up for 8,863 SF
Gross rent
$234.0K $26.40/SF
− Vacancy
−$60.8K −$6.86/SF
EGI
$173.1K $19.54/SF
− OpEx
−$43.3K −$4.88/SF
NOI
$129.9K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,220
Cap Rate 7%
$1,855,157
Cap Rate 9%
$1,442,900
Alternative Uses
Best Use
Office B
$1.86M
$1.62M – $2.16M
NOI $129,861 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,499 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
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.
