235 Sherman St Denver, CO 80209
This exceptional 57,191-square-foot special purpose property, zoned U-TU-B2, presents a unique opportunity in Denver's Central submarket. Located at 235 S Sherman St, Denver, CO 80209, this single-tenant facility sits on approximately 1.5 acres of land and boasts 30 parking spaces, supplemented by ample street parking. Currently configured as a school, the building features 21 classrooms and 8 administrative offices, making it ideal for educational or potentially adaptive reuse. Key features include a tournament-sized basketball gymnasium with boys' and girls' locker rooms, a warming and serving kitchen, and a cafeteria/lunchroom adaptable as a multipurpose space. A sloped auditorium/theater with a stage offers potential for renovation and repurposing. Outdoor amenities include a fenced playground with a large play structure, swings, a basketball court, and green space designed for K-8 use. The property enjoys convenient access to I-25 via Alameda or Lincoln/Broadway, and is within walking distance of the Alameda Light Rail Station, Safeway, Sam's Club, and various fast-food options. Its proximity to Washington Park (within one mile) adds to its desirability. This property offers significant potential for a variety of uses, given its size, location, and existing infrastructure.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.