Property profile

1301 Pearl St Denver, CO 80210

OFF-MARKET
Turn key restaurants
Property ID
US13-0959912
8,468 SF 0.29 ac lot Built 1911
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This vacant, 8,468-square-foot retail building in Denver, CO, presents a unique value-add investment opportunity. Situated on a 12,450-square-foot lot at the southwest corner of South Pearl Street and East Louisiana Avenue, this two-story, 1911-built property offers significant potential. The U-MS-3 zoning allows for diverse uses, including redevelopment. Its prime location near the University of Denver and the Louisiana & Pearl RTD Light Rail Station ensures high foot traffic. A rare feature in this area is the inclusion of 21 off-street parking spaces. The affluent Platt Park neighborhood boasts over 18,000 residents within a one-mile radius and over 199,000 within three miles, with average household incomes exceeding $179,000 within one mile. The median home value within a 1.5-mile radius is approximately $850,000. This urban infill site presents significant barriers to entry, making it an exceptional investment. The property is fee simple ownership.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1911
Construction WOOD
Total area 8,468 SF
Lot 0.29 ac (12,450 SF)
Zoning code U-MS-3
APN 05221-19-029-000
UPID US13-0959912

Cap rate & NOI

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

Location

1301 Pearl St Denver, CO 80210-2238
Denver metro Census 3005 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.13M
Blend (final) Blend
$2.90M

Owner & transaction history

since 2024
Last sale
$2.9M
3 recorded transactions
2024
$2.9M
2020
Price N/A
2020
$2.6M

Zoning & alternative use

U-MS-3 · Denver, CO
Zoning description

U-MS-3 Main Street 3 U-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B, -B2, -C -C2, -E, -H, U-TU-B, -B2, -C, U-RH-2.5, -3A) 5.2.2.1 General Purpose A. The intent of the Residential districts is…

General category MIXED_USE

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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