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Property profile & analytics
FOR LEASE
Office buildings

2240 Blake St Denver, CO 80205

13,024 SF 0.15 ac lot Built 1979
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US13-0230005
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction WOOD
Total area 13,024 SF
Lot 0.15 ac (6,380 SF)
Zoning code C-MX-8
APN 02279-02-011-000
UPID US13-0230005
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
  • Calculated Hire - Denver Employment Agency
  • Coffee High Co. Cafe & Coffee Shop
  • Brooksource - Denver Employment Agency
  • Medasource - Denver Employment Agency
  • Tagline Marketing Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.13M
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$2.50M
Owner & transaction history
9575 E 4q At Centrat Park Investors · 5 yrs held
9575 E 4q At Centrat Park Investors
since 2021
7 recorded transactions
2021
Price N/A
2018
Price N/A
2013
$2.7M
2012
$2.1M
2012
Price N/A
2012
$2.1M
2000
$1.1M
Zoning & alternative use
C-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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