3282 Tejon StDenver, CO 80211

  • Hotels
  • 0.10 AC
For Sale
$14,500,000 View listing

Property Details for 3282 Tejon St

Year built
2022
Construction
WOOD
Lot size
0.10 AC
Zone code
CMX
Property type
Hotels
APN
02282-34-152-000
APU
228234152000

Description

This exceptional, newly constructed mixed-use property in Denver's vibrant 80211 zip code presents a compelling investment opportunity. The 16,173 square foot Class A building, completed in 2023, offers a unique blend of residential and commercial space. Forty luxury apartment units are master-leased to Sonder, a hospitality company with a recent licensing agreement with Marriott International, ensuring stable income and high occupancy. A stylish wine bar and social club, Golden Hour, occupies the ground floor, providing additional revenue streams. The building's amenities include stainless steel appliances, custom cabinets, LVT flooring, designer lighting, self-storage lockers within the units, and communal laundry facilities. Further enhancing income potential, paid public storage lockers are available in the basement. Located in a highly desirable neighborhood with a 94 Walk Score, the property benefits from proximity to premier retail, restaurants, bars, and a significant employment center with 122,000 jobs within easy reach. The asking price is $14,500,000, representing a stabilized investment with 100% occupancy. This is a rare chance to acquire a brand-new, high-performing asset in one of Denver's most dynamic areas.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $899,980
    6.5%
    $830,751
    7%
    $771,411
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,001,720
    Geo Method
    $315,179
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,174,330
    Retail / Commercial
    $1,121,680
    Mixed-Use / Specialty
    $1,122,960
    Office
    $1,121,780
    Institutional / Educational
    $1,169,310
    Residential Income
    $1,368,090
    Multifamily
    $1,611,560
    Automotive / Energy
    $1,002,270
    Parking / Income-Based Land
    $340,656
    Restaurant / Food Service
    $595,323
    Healthcare / Senior Housing
    $1,146,160

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.763
Longitude
-105.011
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
$108,460
$223,280
$1,176,460
$1,399,740
-
$830,300
$4,216,700
$5,047,000

FAQs

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