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Property profile & analytics
OFF-MARKET Estimated value $2,600,000
Retail space

1538 Wazee St Denver, CO 80202-1361

9,375 SF 0.07 ac lot Built 1886
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-0921762
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1886
Construction WOOD
Total area 9,375 SF
Lot 0.07 ac (3,125 SF)
Zoning code D-LD
APN 02331-14-003-000
UPID US13-0921762
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
  • Transworld Systems Petroleum Inc Oil & Natural Gas Company
  • Rocky Mountain High | Cannabis Dispensary Denver | LoDo (Bike/Boat/Book/etc) Store
  • Denver Compassionate Care Gvrs Home Health Care Service
  • Revolution Directional Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.60M
CAP Approach CAP
$1.98M
Comparable Approach Comparable
$2.38M
Blend (final) Blend
$2.60M
Owner & transaction history
1538 Lodo LLC · 2 yrs held
1538 Lodo LLC
since 2024
Last sale
$2.6M
7 recorded transactions
2024
$2.6M
2008
$1.8M
2007
Price N/A
2006
$1.6M
2005
$985,000
1998
$650,000
1969
Price N/A
Zoning & alternative use
D-LD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.8M +27.2%
Auto repair, garage $3.8M +24.5%
Office building $3.5M +16.4%
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