Property profile

1955 Arapahoe St Denver, CO 80202

OFF-MARKET
High-rise multifamily apartments
Property ID
US13-1774147
171,766 SF 0.65 ac lot Built 1981
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Halcyon House offers exceptional lease opportunities in Denver's vibrant Central Business District, available May 26, 2024. This multi-tenant property features two distinct suites ideal for a variety of businesses. Suite A, a former dentist's office, and Suite B, previously occupied by an industrial sign company, offer flexible spaces ranging from 1,512 to 3,000 square feet. Suite B boasts a recently installed HVAC system, enhancing its appeal. The property's prime location ensures high foot and vehicle traffic, benefiting from its proximity to numerous amenities. These include residential complexes (condos, hotels, and apartments), other office buildings, Coors Field, and the Colorado Convention Center, creating a dynamic and convenient environment. Up to ten off-street parking spaces are included, adding significant value for tenants and their clients. The property is zoned D-C and UO-1, allowing for diverse commercial uses. This is a rare opportunity to secure prime retail or office space in the heart of Denver's bustling CBD.

Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1981
Construction CONCRETE
Total area 171,766 SF
Lot 0.65 ac (28,295 SF)
Zoning code D-C
APN 02345-06-054-000
UPID US13-1774147

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
  • Apartment Building Apartment Complex
  • Dental Office
  • Community Center
  • Dental Office
  • Dental Office

Location

1955 Arapahoe St Denver, CO 80202-1851
Denver metro Census 1706 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$435k

Owner & transaction history

since 2016
2 recorded transactions
2016
$34.0M
1969
Price N/A

Zoning & alternative use

D-C · Denver, CO
Zoning description

D-C; D-TD Maximum Number Each use may have the greater number of the following: 5 signs; or 3 signs for each front line of the zone lot on which the use by right or conditional use is located. Ground level uses by right…

General category COMMERCIAL

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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