1538 Wazee St Denver, CO 80202-1361
- Retail space
- 9,375 SF
- 0.07 lot acres
Current Use by Public Records
- Transworld Systems Petroleum Inc / Oil & Natural Gas Company
- Rocky Mountain High | Cannabis Dispensary Denver | LoDo / Cannabis Store
- Denver Compassionate Care Gvrs / Home Health Care Service
- Revolution Directional Services / General Contractor
Property Details for 1538 Wazee St
- Year built
- 1886
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property size
- 9,375 SF
- Zone code
- D-LD
- Property type
- Retail space
- APN
- 02331-14-003-000
- APU
- 233114003000
Description
This exceptional 3,125-square-foot traditional office space at 1538 Wazee Street, #200, in Denver, Colorado, offers a unique blend of historic charm and modern functionality. Located in Denver County, zip code 80202, this single-tenant space is situated in a building totaling 6,250 square feet, originally constructed in 1886 and extensively renovated in 2017. The property boasts beautiful exposed brick and glass partitions, creating a creative and inspiring work environment. Its prime location offers unparalleled convenience, just one block from Union Station, providing easy access to public transportation, including light rail. Furthermore, its proximity to major highways like I-25 and I-70 ensures seamless commutes for employees. The space is available for immediate occupancy with flexible lease terms. Note that additional Net, Net, Net (NNN) expenses are estimated at $9.50 per square foot. This is a fantastic opportunity to secure a highly desirable office space in the heart of Denver.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,735,000
- 6.5%
- $2,375,000
- 7%
- $2,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,715,000
- Geo Method
- $2,445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,205,000
- Retail
- $2,745,000
- Mixed-Use
- $2,780,000
- Hospitality
- $3,015,000
- Educational
- $2,915,000
- Residential Income
- $2,935,000
- Energy
- $2,965,000
- Income-Based Land
- $2,225,000
- Food Service
- $2,960,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105
- Latitude
- 39.7506
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
