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Property profile & analytics
OFF-MARKET Estimated value $4,880,000
Strip malls

250 Steele St Denver, CO 80206-5225

31,493 SF 0.72 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-1036716
Property summary
AI-generated overview

This exceptional 1,917-square-foot office space is available for lease at The Promenade of Cherry Creek, located at 250 Steele Street, Suite 360, Denver, CO 80206. Situated within a three-story, 29,212-square-foot Class C building constructed in 1986, this unit offers a modern design with abundant natural light. The open floor plan provides flexibility for various business configurations, making it suitable for a range of professional uses. The space includes two designated parking spaces. This building features sixteen suites in total, with a minimum divisible space of 1,917 square feet and a maximum contiguous space of 1,917 square feet. The building is equipped with elevators. The Promenade's location in the upscale Cherry Creek neighborhood offers unparalleled access to a vibrant array of dining, shopping, and entertainment options. Its proximity to major transportation routes and public transit ensures convenient commuting. Ideal for professional services, consulting firms, tech startups, financial services, or creative agencies seeking a prestigious address in a thriving Denver community. This is a multi-tenant building.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction STEEL FRAME
Total area 31,493 SF
Lot 0.72 ac (31,250 SF)
Zoning code C-CCN-4
APN 05121-24-036-000
UPID US13-1036716
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
  • MedVacation Medical Clinic
  • Mehak India's Aroma Restaurant
  • Hasu Sushi & Grill Restaurant
  • VIVE Float Studio + Gym & Fitness Center Alternative Medicine Practice
  • Woody Creek Management Group LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.88M
Owner & transaction history
Steelewood LLC · 4 yrs held
Steelewood LLC
since 2022
3 recorded transactions
2022
Price N/A
2016
$10.9M
1969
Price N/A
Zoning & alternative use
C-CCN-4 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-CCN-4 C-CCN-5 C-CCN-7 C-CCN-8 C-CCN-12 Cherry Creek North 3 Cherry Creek North 4 Cherry Creek North 5 Cherry Creek North 7 Cherry Creek North 8 Cherry Creek North 12 SE CTION 7.2.2 MIXED USE DISTRICTS (C-MX-3, -5, -8, -12, -16, -20) 7.2.2.1 General Purpose A. The Mixed Use zone districts are intended to promote safe, active, and pedestrian-scaled, diverse…

Zone name Urban Center Neighborhood Context Cherry Creek North 4
General category MIXED_USE
Zone area 11.86 ac
Source Denver Zoning Code
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