Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1948 Blake St Denver, CO 80202

    • Office buildings
    • 6,187 SF
    • 0.14 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0703100
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coors Field Adjacent+ 16th St Mall + Union Station / Hotel & Motel

    Property Details for 1948 Blake St

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    6,187 SF
    Zone code
    D-LD
    Property type
    Office buildings
    APN
    02279-14-020-000
    APU
    227914020000

    Description

    This exceptional 6,187 square foot creative office building at 1948 Blake Street in Denver, Colorado's vibrant Lower Downtown (LoDo) neighborhood presents a unique investment opportunity. Built in 1890, this two-story building sits on a 6,187 square foot lot and boasts a coveted location directly across from Coors Field. The property benefits from the high pedestrian traffic associated with its proximity to the ballpark and numerous surrounding retailers, restaurants, museums, and other attractions. The flexible D-LD zoning allows for a multitude of uses, maximizing the potential for diverse income streams. Its prime location offers unparalleled visibility and accessibility, further enhanced by its proximity to public transportation. An adjacent property at 1962 Blake Street is also available for purchase, presenting a compelling opportunity for expansion or portfolio diversification. This is a rare chance to acquire a historically significant property in one of Denver's most desirable and dynamic locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,490,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $987,000
      Market price range: $130k - $1.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,315,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,010,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,005,000
      Change: -14% Conversion: Easy
      RETAIL STORES
      $1,990,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,925,000
      Change: -17% Conversion: Easy
      MEDICAL BUILDING
      $1,880,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.994
    Latitude
    39.7539
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,217
    $293,700
    $186,600
    $480,300
    -
    $1,082,700
    $668,800
    $1,751,500

    Comparable in this City

    • Value Estimation by Request
      419,387 SF

      1437 Bannock St

      OFFICE BUILDING (MULTI-STORY) • 419,387 SF
      1437 Bannock St, Denver, CO 80202-5337
      View Details
    • Value Estimation
      $23,315,000
      122,257 SF

      1695 Larimer St

      OFFICE BUILDING (MULTI-STORY) • 122,257 SF
      1695 Larimer St, Denver, CO 80202-1509
      View Details
    • Value Estimation
      $40,610,000
      188,876 SF

      1512 Larimer St

      OFFICE BUILDING (MULTI-STORY) • 188,876 SF
      1512 Larimer St, Denver, CO 80202-1610
      View Details
    • Value Estimation
      $17,405,000
      124,190 SF

      1616 Welton St

      OFFICE BUILDING (MULTI-STORY) • 124,190 SF
      1616 Welton St, Denver, CO 80202-4221
      View Details
    • Value Estimation
      $31,210,000
      114,201 SF

      1401 Wynkoop St

      OFFICE BUILDING (MULTI-STORY) • 114,201 SF
      1401 Wynkoop St, Denver, CO 80202-1729
      View Details
    • Value Estimation by Request
      405,974 SF

      1900 16th St

      OFFICE BUILDING (MULTI-STORY) • 405,974 SF
      1900 16th St, Denver, CO 80202-5120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,012 SF

      Historic LoDo Office/Retail Building

      Two-story office/retail building in Denver's LoDo district.
      1822-1830 Blake St, Denver, CO 80202
      View Details
    • $2,500,000

      Denver Office Building Opportunity

      Prime office building location in downtown Denver near convention center.
      1437 California St, Denver, CO 80202
      View Details
    • Contact for pricing
      1,270 SF

      Renovated Office with Downtown Views

      Recently renovated office space with views and on-site amenities.
      717 17Th St, Denver, CO 80202
      View Details
    • Contact for pricing
      3,125 SF

      Historic LoDo Building For Sale

      Restored historic building in LoDo with flexible zoning.
      1810 Blake St, Denver, CO 80202
      View Details
    • Contact for pricing
      6,250 SF

      Denver Office Building For Sale

      6,250 SF office building in historic Denver location.
      1917 Market St, Denver, CO 80202
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      120,095 SF

      Renovated Downtown Office Space

      Recently renovated office building in downtown Denver with LoDo access.
      1675 Larimer St, Denver, CO 80202
      View Details
    • $34 SF/Yr
      494,689 SF

      Class A Office Building Denver

      25-story Class A office building in Denver's Central Business District.
      1125 Usa, Denver, CO 80202
      View Details
    • $39 SF/Yr
      51,923 SF

      Corner Office Building in Denver

      Office building at 19th and Wynkoop St, Denver, CO
      1899 Wynkoop St, Denver, CO 80202
      View Details
    • $40 SF/Yr
      306,791 SF

      Denver Office Space For Rent

      Class A office building with 306,791 square feet available.
      1515 Wynkoop St, Denver, CO 80202
      View Details
    • $36 SF/Yr
      33,460 SF

      Downtown Office Building on 16th

      Downtown office building with numerous amenities and ongoing renovations.
      820 16Th St, Denver, CO 80202
      View Details
    • $42 SF/Yr
      406,458 SF

      Prime Retail Location on 16th

      First floor retail space in a vibrant, growing Denver neighborhood.
      1900 16Th St, Denver, CO 80202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1948 Blake St
    Denver, CO 80202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!