Property profile

1499 Blake St Denver, CO 80202

OFF-MARKET
Parking lots & garages
Property ID
US13-1256738
1,728 SF
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

A modern office suite designed by architect Michael Koch with a street-facing, dedicated entrance and prominent signage, located at the intersection of 15th and Blake Streets in lower downtown Denver and immediately fronting the 15th Street Pedestrian Mall. The interior layout includes three large private offices and three open workspaces, with the option to add a fourth large office by converting existing data center space; the server room is constructed with additional security mesh in the walls and includes dedicated ventilation and an independent air conditioning system. Heating and cooling are provided by three energy-efficient York heat pumps installed in late 2022. The space is wired for technology with Cat6 cabling throughout, and is heated and cooled as part of the building’s climate systems. Parking and storage are provided via an attached covered garage with two side-by-side parking spaces and two side-by-side storage spaces. The building lobby is staffed 24/7 by a security officer who manages package receiving and notifications. The unit is zoned for live/work, is technically parceled as two distinct spaces (units 1A and 1B) combined into one, and can be converted to residential use.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Total area 1,728 SF
Zoning code LDO
APN 02331-19-191-191
UPID US13-1256738

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Counselor Career Guidance Service
  • Clothing & Fashion Store
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

1499 Blake St Denver, CO 80202-1355
Denver metro Census 1704 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2007
2 recorded transactions
2007
$3.2M
2005
$1.7M

Zoning & alternative use

LDO · Denver, CO

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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