1425 Market St, Denver, CO 80202-1750
- Office buildings
- 17,808 SF
- 0.14 lot acres
Current Use by Public Records
- Dr. Nazeli Tarjan, DDS / Dental Office
- Icon Dental: Dr. Neda Tarjan / Dental Office
- Focused Labs, Inc / (Bike/Boat/Book/etc) Store / Corporate Office
- Capital Fund 1 / Loan Service / Bank
- Chord Design Studio / Interior Design / Home Decor Store
Property Details for 1425 Market St
- Year built
- 1951
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Zone code
- D-LD
- Property type
- Office buildings
- APN
- 02331-18-013-000
- APU
- 233118013000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 22, 2024 | $4,675,000 | 1425 Market Street LLC | Z 4 Property LLC | Special Warranty Deed | $4M · First Citizens Bank & Trust Co |
| Dec 20, 2016 | — | Z 4 Property LLC | — | Deed · related | $3M · Blue FCU |
| Jan 8, 2015 | $3,300,000 | Z 4 Property LLC | 1425 Market LLC | Grant Deed | $2.8M · Private Individual |
| Jan 16, 2001 | — | Markus Lex | — | Deed Of Trust · related | $1.6M · Dipl Kfm Herbert Lex |
| May 1, 2000 | — | 1425 Market Street LLC | Lex,markus | Quit Claim Deed · related | — |
| Nov 5, 1999 | $2,000,000 | Markus Lex | Lanwest LLC | Grant Deed | — |
Description
This exceptional Class A office building at 1425 Market Street in Denver, Colorado, offers 17,700 square feet of versatile space. The property features multiple suites, with a minimum divisible space of 1,582 square feet and a maximum contiguous space of 5,103 square feet. Currently, 6,685 square feet are vacant, presenting a unique opportunity for businesses seeking a prime location in Denver's vibrant downtown core. The building boasts a classic brick façade with modern interior design elements, including exposed wood and brick walls, glass-wall rooms, and well-appointed kitchens. The building's unique design maximizes natural light, even on the lower level. Located just a block from Larimer Square, this property offers unparalleled access to a wealth of amenities, including shopping, dining, and entertainment venues such as DPAC, Comedy Works, and the Wolf Theatre. Its convenient location also provides easy access to major transportation arteries like Speer Boulevard and Auraria Parkway, as well as the Union Station light rail (a 10-minute walk). This is a rare opportunity to secure high-quality office space in a highly desirable location at a competitive price point. The building is situated in Denver County, zip code 80202. The property is categorized as Medical Office, Traditional Office, Creative Office, and Executive Office space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,675,000
- ML approach
- $4,675,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,640,000
- 6.5%
- $4,280,000
- 7%
- $3,975,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,634,000
Market price range: $4.61M - $10.8M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,670,000 Current use
- RESTAURANT
- $7,285,000 Change: +9% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $7,135,000 Change: +7% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,780,000 Change: -13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $5,765,000 Change: -14% Conversion: Easy
- RETAIL STORES
- $5,725,000 Change: -14% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $5,535,000 Change: -17% Conversion: Easy
- MEDICAL BUILDING
- $5,405,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105
- Latitude
- 39.7486
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
