Technical
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Property profile

1489 Broadway Denver, CO 80210

OFF-MARKET
Office Spaces
8,856 SF Built 1901
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Property summary

AI-generated overview

This exceptional 8,856 square foot, Class B office building at 1489 S. Broadway, Denver, CO 80210, presents a unique investment opportunity. Built in 1901 and extensively renovated in 2022, this two-story building boasts a vibrant mix of creative office, coworking, and traditional office spaces, currently occupied by tenants in the creative arts, therapy, and personal care industries. The property features two street-facing retail spaces on the ground floor and smaller office spaces upstairs. A significant advantage is the inclusion of a newly installed shared kitchen, perfect for fostering collaboration and community among tenants. Further enhancing the appeal is a recently added outdoor patio area, providing a valuable amenity for tenants and potential for additional revenue streams. While there are no on-site parking spaces, the building's location on South Broadway offers convenient access to public transportation and ample street parking. Utilities, including power, are included. Currently, 745 square feet of space is vacant, presenting an immediate opportunity for new tenants or expansion. This property is ideal for investors seeking a well-maintained, historically significant building in a thriving Denver neighborhood. The building's diverse tenant mix and modern amenities create a strong foundation for continued success and potential for increased rental income. The cross street is Florida.

Property profile

Verified
Property type Office Spaces
Year built 1901
Total area 8,856 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Electrical Service
  • (Bike/Boat/Book/etc) Store Florist
  • Marketing & Advertising Advertising Agency

Location

1489 Broadway Denver, CO 80210
Denver metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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