1425 Market StDenver, CO 80202

  • Office properties
  • 17,808 SF
For Lease
$15/SF/YR View listing

Property Details for 1425 Market St

Year built
1951
Construction
WOOD
Lot size
0.14 AC
Property size (Sq ft)
17,808 SF
Zone code
D-LD
Property type
Office properties
Property subtype
Office buildings
APN
02331-18-013-000
APU
233118013000

Description

This exceptional Class A office building at 1425 Market Street in Denver, Colorado, offers 17,700 square feet of versatile space. The property features multiple suites, with a minimum divisible space of 1,582 square feet and a maximum contiguous space of 5,103 square feet. Currently, 6,685 square feet are vacant, presenting a unique opportunity for businesses seeking a prime location in Denver's vibrant downtown core. The building boasts a classic brick façade with modern interior design elements, including exposed wood and brick walls, glass-wall rooms, and well-appointed kitchens. The building's unique design maximizes natural light, even on the lower level. Located just a block from Larimer Square, this property offers unparalleled access to a wealth of amenities, including shopping, dining, and entertainment venues such as DPAC, Comedy Works, and the Wolf Theatre. Its convenient location also provides easy access to major transportation arteries like Speer Boulevard and Auraria Parkway, as well as the Union Station light rail (a 10-minute walk). This is a rare opportunity to secure high-quality office space in a highly desirable location at a competitive price point. The building is situated in Denver County, zip code 80202. The property is categorized as Medical Office, Traditional Office, Creative Office, and Executive Office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,254,773
    6.5%
    $3,927,482
    7%
    $3,646,948
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,676,165
    Geo Method
    $1,471,297
  • Alternative Use

    Use
    Valuation
    Residential
    $4,870,078
    Hospitality
    $4,460,966
    Educational
    $3,711,471
    Medical
    $3,839,114
    Retail
    $5,773,400
1425 Market St, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7486
Longitude
-105
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$77,416
$558,360
$440,740
$999,100
-
$2,031,300
$1,579,700
$3,611,000

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