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Property profile & analytics

2240 Blake St Denver, CO 80205-2058

  • Office buildings
  • 13,024 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
May 11, 2023
Value Estimations
$2,500,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US13-0230005
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

  • Calculated Hire - Denver / Business Administration Service / Business Management Consultant
  • Coffee High Co. / Coffee Shop
  • Brooksource - Denver / Employment Agency / Business Development Service
  • Medasource - Denver / Employment Agency / Business Development Service
  • Tagline Marketing / Marketing Consultant

Property Details for 2240 Blake St

Year built
1979
Construction
WOOD
Lot size
0.15 lot acres
Property size
13,024 SF
Zone code
C-MX-8
Property type
Office buildings
APN
02279-02-011-000
APU
227902011000

Description

This exceptional two-story, 13,024 square foot mixed-use building at 2240 Blake Street in Denver's vibrant Ballpark neighborhood presents a compelling owner-user opportunity. Currently 73% occupied, the property boasts a Class A build-out featuring exposed brick, polished concrete floors, skylights, and massive wood beams, creating an impeccable modern aesthetic. The first floor includes a thriving café tenant, while approximately 3,171 square feet of space on the first floor is immediately available for occupancy or lease. Built in 1923 and extensively renovated in 2013, the building benefits from an elevator and stairs, and is free of deferred maintenance. The property's C-MX-8 zoning provides significant upside potential for future redevelopment or expansion. Its location within the Ballpark neighborhood, adjacent to Coors Field and surrounded by popular restaurants and retailers (including Cherry Cricket and Guiry's), ensures high visibility and strong rental demand. The Ballpark location also offers advantages over other downtown areas, including exemption from LoDo Design Review board regulations and the 55-foot height restriction. Adjacent parking is available, and the building offers excellent signage opportunities. The current lease rates are at market value, and the Ballpark submarket consistently outperforms downtown Denver in rental rates and occupancy. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,390,000
    6.5%
    $3,130,000
    7%
    $2,910,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,573,000
    Market price range: $391k - $2.20M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $3,975,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $3,970,000
    Change: -0% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Denver
County
Denver
State
Colorado
Longitude
-104.991
Latitude
39.7566
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
$92,779
$570,140
$627,220
$1,197,360
-
$2,073,500
$2,248,100
$4,321,600
More about this property
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