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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Turn key restaurants

4923 38th Ave 4939 Denver, CO 80212-2025

7,650 SF 0.18 ac lot Built 1926
Entity Owned 2-yr Hold Free & Clear
Property ID
US13-0960005
Property summary
AI-generated overview

This exceptional retail property, located at 4923 W 38th Avenue in Denver, Colorado, presents a unique investment opportunity. The 3,520 square foot space is situated in the highly desirable West Highlands neighborhood, known for its historic charm and vibrant community. This multi-tenant building offers a prime location within a bustling area, boasting convenient access to nearby residents and businesses. Its strategic placement provides excellent visibility and foot traffic. The property's proximity to the Tennyson Street cultural district adds to its appeal, placing it within easy reach of a diverse range of amenities and attractions. Furthermore, the presence of established businesses such as Sprouts, King Soopers, and Snarfs in the immediate vicinity underscores the area's strong commercial activity and high consumer demand. This makes it an ideal location for a variety of retail or restaurant uses. The property is in Denver County, Colorado, with a zip code of 80212. This is a rare chance to secure a space in one of Denver's premier retail neighborhoods. The property is currently available for lease.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1926
Construction WOOD
Total area 7,650 SF
Lot 0.18 ac (7,952 SF)
Zoning code U-MX-3
APN 02193-27-012-000
UPID US13-0960005
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
  • Cisco's Kids Music Venue Bar & Pub
  • ATM Atm
  • Enigma Bazaar Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.50M
Owner & transaction history
Berkeley Yates LLC · 2 yrs held
Berkeley Yates LLC
since 2024
Last sale
$1.5M
4 recorded transactions
2024
$1.5M
2018
$1.0M
2009
Price N/A
2008
Price N/A
Zoning & alternative use
U-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

U-MX-3 Mixed Use 3 U-RX-3 Residential Mixed Use 3 U-RX-5 Residential Mixed Use 5 U-MS-2 Main Street 2 U-MS-2x Main Street 2x U-MS-3 Main Street 3 U-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B, -B2, -C -C2, -E, -H, U-TU-B, -B2, -C, U-RH-2.5, -3A) 5.2.2.1 General Purpose A. The intent of the Residential districts is to promote and…

Zone name Urban Neighborhood Context Mixed Use 3
General category MIXED_USE
Zone area 263.58 ac
Source Denver Zoning Code
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