1755 BroadwayDenver, CO 80210

Property Details for 1755 Broadway

Year built

1961

Construction

STEEL FRAME

Lot size

0.22 AC

Property size (Sq ft)

7,192 SF

Zone code

U-MS-5

Property type

Retail space

APN

05226-10-030-000

APU

522610030000

Description

This exceptional mixed-use property at 1755 South Broadway, Denver, CO 80210, presents a compelling investment opportunity. Boasting a 7.01% cap rate and a strong NOI of $195,646, this stabilized asset offers significant potential. The 7,192 square foot building, constructed in 1961 and extensively renovated in 2022, comprises two buildings with two stories each, situated on a 9,373 square foot lot. The property includes 13 tenants across 11 apartment units and 2 retail spaces, currently enjoying 100% occupancy. Nine of the apartment units underwent a complete renovation in Summer 2022, featuring new hot water heaters, flooring, electrical, plumbing, paint, kitchens, and appliances. A new storefront is planned for installation in 2024, further enhancing the property's value. The property also benefits from 12 parking spaces and the recent addition of a coin laundry, generating approximately $200 per month in supplemental income (not included in the NOI). The property is zoned U-MS-5 and allows for rent bumps. This high-visibility location on South Broadway within the rapidly developing Denver MSA makes this a truly remarkable investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $2,268,652

  6.5%

  $2,094,141

  7%

  $1,944,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,497,392

  Geo Method

  $1,497,392

• Alternative Use

  Use

  Valuation

  Residential

  $1,766,486

  Hospitality

  $1,618,092

  Educational

  $1,346,233

  Medical

  $1,392,532

  Retail

  $2,094,141

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6846

Longitude

-104.988

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].