3000-3014 W 23rd Ave
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3000-3014 W 23rd Ave
5,836 SF 100% Leased Retail Building Denver, CO 80211 $1,500,000 ($257/SF) 5.85% Cap Rate
Investment Highlights
- Heavy Traffic
- Rental Growth
- Parking Lot
Executive Summary
This property is in a busy location off of W. 23rd Ave and Federal Blvd. The property is currently 100% occupied with 4 tenant spaces- a bakery, an accountant, a salon. and a gym. There is a parking lot adjacent to the building with 12 spaces. The tenants have been there long-term and have room to grow the rents towards the current market rents. This property has an estimated CAP rate of 5.85% or better if rents are brought up to market. Leases are set to expire this year. One is expected at the end of August and the others by the end of December 2025. This building is located in the Witter-Cofield Historic Neighborhood.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,836 SF
Building Class
C
Year Built
1926
Price
$1,500,000
Price Per SF
$257
Cap Rate
5.85%
NOI
$87,676
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.24 AC
Zoning
B-2 - G-MX-3
Parking
12 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
178 FT on Federal Blvd
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2322-24-021 | Total Assessment | $265,720 (2023) |
| Land Assessment | $237,900 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,820 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2322-24-021
Land Assessment
$237,900 (2023)
Improvements Assessment
$27,820 (2023)
Total Assessment
$265,720 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3000-3014 W 23rd Ave
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