Property profile

1745 Lafayette St Denver, CO 80218

OFF-MARKET
Office buildings
Property ID
US13-1154785
2,800 SF 0.22 ac lot Built 1975
Entity Owned 22-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,800 square foot office building, situated on a 12,521 square foot lot in Denver's desirable City Park West neighborhood, presents a compelling investment opportunity. Built in 1975, the single-story structure is zoned G-RO-5, allowing for both residential and office uses. The property's prime location offers convenient access to downtown Denver's business district, while also being surrounded by charming cafes, high-end restaurants, and local shops. The G-RO-5 zoning permits a building height of up to 90 feet, subject to development plan approval, making this a strong potential for future development. The existing building provides ample parking and presents a strong potential for rental income while development plans are underway. Its proximity to major transportation routes further enhances its appeal. This property offers a unique blend of immediate income potential and significant long-term development upside in a thriving Denver neighborhood. The asking price is $1,575,000, translating to $562.50 per square foot.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction WOOD
Total area 2,800 SF
Lot 0.22 ac (9,390 SF)
Zoning code G-RO-5
APN 02354-12-029-000
UPID US13-1154785

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
  • Law Firm
  • Financial Advisor
  • Law Firm
  • Law Firm

Location

1745 Lafayette St Denver, CO 80218-1116
Denver metro Census 3102 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$675k
Comparable Approach Comparable
$537k
Blend (final) Blend
$395k

Owner & transaction history

since 2004
3 recorded transactions
2004
$460,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

G-RO-5 · Denver, CO
Zoning description

G-RO-5 Residential Office 5 G-MX-3 Mixed Use 3 G-RX-3 Residential Mixed Use 3 G-RX-5 Residential Mixed Use 5 G-MS-3 Main Street 3 G-MS-5 Main Street 5 SE CTION 6.2.2 RESIDENTIAL DISTRICTS (G-RH-3, G-MU-3 TO -20, G-RO-3,…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $1.1M +56.5%
Neighborhood: shopping center $910,000 +26.8%
Commercial (general) $905,000 +26.5%

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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