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Property profile & analytics
OFF-MARKET Estimated value $2,120,000
Banks

1316 Evans Ave Denver, CO 80210-4560

5,025 SF 0.38 ac lot Built 2003
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US13-1128485
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,780 square foot, fee-simple storefront property located at 1316 E Evans Ave, Denver, CO 80210. The property, built in 2003 and renovated in 2022, sits on a 0.38-acre lot and boasts a 6.40% cap rate with a Net Operating Income (NOI) of $215,100. Currently 100% occupied by two tenants, High Ridge Cycle and GoodVets, under NNN leases, this multi-tenant building offers significant long-term stability and predictable cash flow. The asking price is $3,360,000, translating to $702.93 per square foot. Benefiting from its prime location near the University of Denver and adjacent to a Safeway and Walgreens, the property enjoys high visibility and significant traffic volume exceeding 48,949 vehicles daily. The surrounding area demonstrates strong demographics, with over 22,000 residents and average household incomes exceeding $172,000 within a one-mile radius. This property offers a compelling combination of strong tenancy, excellent location, and attractive financial metrics, making it an ideal investment for those seeking secure cash flow and long-term appreciation. The property is being offered as-is, where-is. The building consists of one single-story structure with two units.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2003
Construction WOOD
Total area 5,025 SF
Lot 0.38 ac (16,563 SF)
Zoning code U-MS-3
APN 05262-23-048-000
UPID US13-1128485
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FirstBank Bank Loan Service
  • High Ride Cycle - University Gym & Fitness Center
  • GoodVets South Denver Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.12M
Owner & transaction history
T3a Properties LLC · 1 yrs held
T3a Properties LLC
since 2025
Last sale
$2.2M
2 recorded transactions
2025
$3.1M
2022
$2.2M
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 to promote and protect residential neighborhoods within the character of the Urban Neighborhood Context. These regulations allow for some mu…

Zone name Urban Neighborhood Context Main Street 3
General category MIXED_USE
Zone area 286.90 ac
Source Denver Zoning Code
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