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Property profile & analytics
OFF-MARKET Estimated value $2,535,000
Retail space

15 Iowa Ave 25 Denver, CO 80210-2615

21,497 SF 0.16 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-0973749
Property summary
AI-generated overview

This exceptional investment opportunity presents a free-standing, two-story storefront building totaling 21,258 square feet of net rentable space, situated on a 13,068 square foot lot in Denver, Colorado. Located at 15 E Iowa Ave, 80210, this property boasts a highly desirable location just south of I-25, strategically positioned between Downtown Denver, Cherry Creek, and the Denver Tech Center. The building, constructed in 1920 and extensively renovated in 2023, features six units and is zoned U-MS-3, permitting mixed-use residential, retail, and office configurations. The vacant status allows for complete tenant customization, presenting a unique opportunity for an owner-user or investor to capitalize on the vibrant surrounding area. The property benefits from a high-visibility corner location along South Broadway and East Iowa Avenue, experiencing 32,000 vehicles per day. Its proximity to public transportation, including RTD stations and the Light Rail, enhances its accessibility. The immediate vicinity offers a wealth of amenities, including restaurants, bars, and retail outlets, creating a thriving and convenient environment. The second floor is in shell condition, ready for build-out to suit a variety of needs. This is a rare chance to acquire a renovated, high-traffic storefront in a prime Denver location. The asking price is $2,750,000. The lease type is NNN.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 21,497 SF
Lot 0.16 ac (7,160 SF)
Zoning code U-MS-3
APN 05227-10-010-000
UPID US13-0973749
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
  • L.N.Greenleaf Lodge #169 Volunteer Organization Community Center
  • South Gate Masonic Lodge Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$2.54M
Owner & transaction history
25w Bkm LLC · 2 yrs held
25w Bkm LLC
since 2023
Last sale
$2.4M
1 recorded transaction
2023
$2.4M
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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