450 Decatur St Denver, CO 80204-4822
- Office buildings
- 8,169 SF
- 0.54 lot acres
Dec 10, 2024
Current Use by Public Records
- Intelligent Demand / Advertising Agency / Marketing & Advertising
- Integra Engineering / Engineering Consultant
- Architectural Concepts / Architect
Property Details for 450 Decatur St
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.54 lot acres
- Property size
- 8,169 SF
- Zone code
- I-MX-3
- Property type
- Office buildings
- APN
- 05081-18-010-000
- APU
- 508118010000
Description
This exceptional two-story, 8,170-square-foot office building presents a unique owner-user opportunity in Denver's vibrant Valverde neighborhood. The property boasts a versatile layout ideal for creative, executive, or traditional office uses, featuring collaborative workspaces throughout. Amenities include a training room, two conference rooms, three huddle rooms, a break room, and an entertainment area. Ample parking is provided with 33 spaces on-site. Situated on a 23,496-square-foot lot, the building is zoned I-MX-3 (Industrial-Mixed Use-3 stories), offering flexibility for future development. Its prime location offers easy access to major transportation arteries, including the 6th Avenue Freeway and I-25, placing it within minutes of key areas. The property benefits from its proximity to new developments in Sun Valley and River Mile, ensuring strong future growth potential. Currently vacant, this building presents an immediate opportunity for a business to establish its presence in a thriving Denver location. The building's layout is approximately 4,085 square feet per floor. This is a Class B property.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $1,965,000
- 7%
- $1,825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,825,000
Market price range: $1.79M - $3.23M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,395,000 Current use
- RESTAURANT
- $3,340,000 Change: +39% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,270,000 Change: +37% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,650,000 Change: +11% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,645,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $2,615,000 Change: +9% Conversion: Moderate
- MEDICAL BUILDING
- $2,480,000 Change: +4% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,445,000 Change: +2% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.022
- Latitude
- 39.7232
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
