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    1755 Broadway Denver, CO 80210

    Sponsored
    For Sale
    $2,790,000

    High-yield Denver multifamily & retail

    Property size:
    7,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 1755 South Broadway, Denver, CO 80210, presents a compelling investment opportunity. Boasting a 7.01% cap rate and a strong NOI of $195,646, this stabilized asset offers significant potential. The 7,192 square foot building, constructed in 1961 and extensively renovated in 2022, comprises two buildings with two stories each, situated on a 9,373 square foot lot. The property includes 13 tenants across 11 apartment units and 2 retail spaces, currently enjoying 100% occupancy. Nine of the apartment units underwent a complete renovation in Summer 2022, featuring new hot water heaters, flooring, electrical, plumbing, paint, kitchens, and appliances. A new storefront is planned for installation in 2024, further enhancing the property's value. The property also benefits from 12 parking spaces and the recent addition of a coin laundry, generating approximately $200 per month in supplemental income (not included in the NOI). The property is zoned U-MS-5 and allows for rent bumps. This high-visibility location on South Broadway within the rapidly developing Denver MSA makes this a truly remarkable investment prospect.

    Property Features for 1755 Broadway

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,192 SF

    Building Details

    Year Built/Renovated
    1961/2022
    Buildings
    2
    Stories
    2

    HighLights

    • Exceptional mixed‑use investment opportunity in Denver, CO with a 7.01% cap rate and $195,646 NOI.
    • 7,192 SF building on a 9,373 SF lot, renovated in 2022, with 13 tenants (11 apartments, 2 retail) at 100% occupancy.
    • Nine apartment units fully renovated in 2022, including kitchens and appliances; new storefront planned for 2024.
    • 12 parking spaces and a coin laundry adding ~$200/month supplemental income.
    • U‑MS‑5 zoning allows for rent increases; high‑visibility location on South Broadway in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden Meds Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9877515
    Latitude
    39.6847127

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    FAQs

    What type of property is this?
    Multifamily property - High-yield Denver multifamily & retail
    Where is this multifamily property located?
    The property is located at 1755 Broadway Denver, CO.
    What is the asking price?
    The asking price for this property is $2,790,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Denver, CO with a 7.01% cap rate and $195,646 NOI.; 7,192 SF building on a 9,373 SF lot, renovated in 2022, with 13 tenants (11 apartments, 2 retail) at 100% occupancy.; Nine apartment units fully renovated in 2022, including kitchens and appliances; new storefront planned for 2024.
    Request Owner's contact information
    1755 Broadway Denver, CO 80210
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    Denver, CO 80210
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    Realmo Value Estimation

    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.

    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.

    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
    1755 Broadway Denver, CO 80210
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