Historic Office Building in
2009 Market St Denver, CO 80205
2009 Market St, Denver, CO, 80205
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For Sale
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Two-story office building in Downtown Denver's entertainment district.
Property Size6,595 SF
Lot Size0.12 Acres
Price / SF$272.93
Days on Market830
Property Features for 2009 Market St
General Information
- Standard status
- Active
- Size
- 6,595 SF
- Lot size
- 0.12 Acres
- Property subtype
- Office
Listing Agency
The Henry Group LLC
(303) 625-7444
Listed by
Montana Rae · License #FA100100400
Source
Crexi
Added: Apr 10, 2024 Checked: Jul 16 at 6:17 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 The Henry Group LLC
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Denver, at 2009 Market St, this two-story, freestanding office building is situated in Denver's entertainment district, across from Coors Field. The property is a designated Historic Landmark and retains its historic charm, with renovations completed in 1994. The building offers 6,595 square feet of usable space, not including the basement, on a 0.12-acre lot. The layout includes conference rooms, private and shared offices, community spaces, and a wet bar. The property also features patio views. This location is suitable for a single tenant user seeking a central and highly trafficked location in the downtown area.
Key Highlights
- Prime Downtown Denver location in the entertainment district, across from Coors Field.
- Freestanding, two‑story office building.
- Designated Historic Landmark with elegant historic charm.
Local Financial Insights For Office B
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 | $174.1k | $26.40 |
| − Vacancy | −$45.3k | −$6.86 |
| EGI | $128.8k | $19.54 |
| − OpEx | −$32.2k | −$4.88 |
| NOI | $96.6k | $14.65 |
6,595 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,630 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,960 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Two-story office building in Downtown Denver's entertainment district.
Where is this office building located?
The property is located at 2009 Market St Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime Downtown Denver location in the entertainment district, across from Coors Field.; Freestanding, two‑story office building.; Designated Historic Landmark with elegant historic charm.
