Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4609 E Colfax Ave Denver, CO 80220

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4609 E Colfax Ave Denver, CO 80220

    View on Map
    • Storefront properties
    • 3,803 SF
    For Sale
    $1,345,000
    View Listing →
    Remodeled Retail Space on Colfax Avenue For Sale
    $1,345,000
    3,803 SF

    Remodeled Retail Space on Colfax Avenue

    3,803 SF retail space in Denver's Park Hill neighborhood.

    4609 E Colfax Ave, Denver, CO 80220
    View Listing
    Property ID
    US13-1120315
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park Hill Handyman / Hardware & Home Improvement / General Contractor

    Property Details for 4609 E Colfax Ave

    Property size
    3,803 SF
    Property type
    Storefront properties
    Property subtype
    Commercial real estate

    Description

    Property offered for sale or lease. This is a rare opportunity to own your real estate! Seller Carry Financing Available! Hoff & Leigh is proud to present this well-appointed 3,803 SF retail space for sale or lease. This newly remodeled commercial property anchors the esteemed Park Hill neighborhood and is located on busy East Colfax Avenue in Denver, Colorado, just blocks from the high-traffic intersection of East Colfax Avenue and Colorado Boulevard. The site, formerly home to a landmark restaurant, presents an amazing opportunity for new operators looking to capitalize on the next era of this thriving submarket. The property offers off-street parking in the back and has recently undergone significant upgrades, including: a newly paved back lot (approximately 1,570 SF), a brand-new storefront, a roll-up door, brand new electrical panels, brand new HVAC system (equipped with enough power to cool a fully occupied restaurant), a brand new 1,200-gallon grease trap, a walk-in cooler, and new interior finishes and restrooms, ensuring it’s ready for a new user to make it their own. Reduced Lease Rate: $22.95 SF/YR + NNN’s ($5.15 SF) = $8, 905.36/Month Listing Page: https://www.hoffleigh.com/listing/4609-e-colfax-avenue/

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9334549
    Latitude
    39.7404322

    Comparable in this City

    • New
      $600,000
      3,821 SF

      Versatile Commercial Building on Colfax

      Retail/office space with redevelopment potential in a high-traffic Denver location.
      8710 E Colfax Ave, Denver, CO 80220
      View Details
    • $1,275,000

      Automotive Dealership on Colfax Avenue

      Automotive dealership with sales office, repair building, and display lot.
      8100 E Colfax Ave, Denver, CO 80220
      View Details
    • $750,000
      4,471 SF

      Commercial Property on East Colfax

      4,471 SF commercial property with prominent frontage and flexible layout.
      5702 E Colfax Ave, Denver, CO 80220
      View Details
    • $1,350,000

      Broomfield Commercial Development Site

      Prime commercial/light industrial development site in Broomfield, Colorado.
      6801 W 118 Ave, Broomfield, CO 80220
      View Details
    • Contact for pricing

      Former Convenience Store on Colfax

      2,800 SF retail/office space with high visibility.
      6596 Colfax Ave, Denver, CO 80220
      View Details

    Similar Nearby for Sale

    • New
      $600,000
      3,821 SF

      Versatile Commercial Building on Colfax

      Retail/office space with redevelopment potential in a high-traffic Denver location.
      8710 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing
      2,774 SF

      Denver Mixed-Use Redevelopment Opportunity

      Commercial property near Colfax Ave, suitable for redevelopment or renovation.
      1454 Tamarac St, Denver, CO 80220
      View Details
    • Contact for pricing
      15,299 SF

      Montclair Building: Redevelopment Opportunity

      Office/retail building in Montclair, ideal for redevelopment or investment.
      1330-1340 Leyden St, Denver, CO 80220
      View Details
    • $1,350,000

      Broomfield Commercial Development Site

      Prime corner lot suitable for various commercial and industrial uses.
      6801 W 118 Ave, Broomfield, CO 80220
      View Details
    • $730,000

      Colfax Avenue Retail Space Available

      Stand-alone retail space on Colfax with recent roof updates.
      8710 E Colfax Ave, Denver, CO 80220
      View Details
    • $575,000
      Pending

      Denver Redevelopment/Renovation Opportunity

      Commercial property suitable for redevelopment or renovation in Denver County.
      1454 Tamarac St, Denver, CO 80220
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Retail Space on Colfax

      3,803 SF retail space in Denver's Park Hill neighborhood.
      4609 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing

      Freestanding Flex Building For Lease

      Freestanding flex building with fenced yard, versatile commercial uses.
      4347 E Colfax Ave, Denver, CO 80220
      View Details
    • $18 SF/Yr

      Remodeled Retail/Office Space on Colfax

      Two-level, 2,310 SF suite with street-level exposure and upgraded finishes.
      5900 E Colfax Ave, Denver, CO 80220
      View Details
    • $1,750 /Mo

      Charming Retail Space Available

      Retail space with high ceilings, wood floors, and natural light.
      4600 E Colfax Ave, Denver, CO 80220
      View Details
    • Contact for pricing
      15,000 SF

      Denver Office and Retail Space

      Office and retail space available in Denver.
      S Olive St, Denver, CO 80220
      View Details
    • Contact for pricing
      440,000 SF

      Large Office and Retail Space

      Office and retail space with fitness center and amenity deck.
      S Newport St, Denver, CO 80220
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4609 E Colfax Ave
    Denver, CO 80220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4609 E Colfax Ave, Denver, CO, 80220

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!