1530 16Th StDenver, CO 80202

Property Details for 1530 16Th St

Year built

1984

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

96,702 SF

Zone code

D-LD

Property type

Office properties

Property subtype

Office buildings

APN

02331-14-001-000

APU

233114001000

Description

This historic Denver office building, constructed in 1906, offers multiple tenancy options ranging from 6,000 to 14,459 square feet. Located at 1530 16th Street in Denver County, Colorado (zip code 80202), this property boasts a unique architectural style, showcasing the early influence of Louis Sullivan's Sullivanesque design. The building's distinctive features include vertical window bands, a three-part organizational structure, and geometric/stylized foliage ornamentation. The exterior is composed of buff brick in the front, housing the original offices, and darker brick in the rear, which served as a warehouse. The building underwent expansions in 1912 (two stories added to the office section) and 1916 (two stories added to the warehouse). A notable feature is the original Otis birdcage elevator, a rare example still operational in the western United States. The main entrance is centrally located on the northeast side, beneath a terra cotta "Sugar Building" sign. This property presents a rare opportunity to lease space in a landmark Denver building with significant historical significance and unique architectural details. The building's prime location on the 16th Street Mall, south of the Wazee intersection, offers excellent visibility and accessibility. Available space is suitable for a variety of office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $23,104,506

  6.5%

  $21,327,236

  7%

  $19,803,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,392,772

  Geo Method

  $7,989,519

• Alternative Use

  Use

  Valuation

  Residential

  $26,445,774

  Hospitality

  $24,224,186

  Educational

  $20,154,238

  Medical

  $20,847,374

  Retail

  $31,351,038

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7508

Longitude

-105

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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