1557 Ogden St Denver, CO 80218
- Office Properties & Spaces
- 9,328 SF
Current Use by Public Records
- Kate Daigle Counseling, MA, LPC, CEDS / Counselor / Eating Disorder Treatment Center
- Project Safe, University of Colorado / Research Institute
- Kate Daigle counseling / Counselor
- Riverbed Psychology / Counselor / Mental Health Service
- Three Sisters Holistic Health Acupuncture / Acupuncturist / Herb Shop
Property Details for 1557 Ogden St
- Year built
- 1905
- Property size
- 9,328 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This stunning three-story, 9,328 square foot office building in Denver's Uptown neighborhood presents a unique investment opportunity. Built in 1905 and extensively renovated in 2022, the property boasts 21 individual offices, perfect for multi-tenant leasing or owner-occupancy. The building features preserved original woodwork, fireplaces, and large windows, complemented by modern updates throughout. Shared amenities include two kitchens, communal lounge areas, waiting spaces, and restrooms. With a 100% occupancy rate, a current NOI of $186,822, and a pro-forma NOI of $182,201, this property offers a strong 9.34% cap rate and a pro-forma cap rate of 9.11%. The 7,250 square foot lot is zoned G-RO-3. The asking price is $2,000,000, with a price per square foot of $214.41 and a land value price per square foot of $275.86. Off-street parking is available. Its prime location offers proximity to restaurants, shops, and essential services. This is an exceptional opportunity for investors seeking a high-return property or owner-users looking for a prestigious Denver location. The net rentable square footage is 7,140 square feet.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.975
- Latitude
- 39.7412
