Furnished Office
For Sale
$895,000
103-1800 Glenarm Pl, Denver, CO 80204
The suite includes furnishings, signage rights, and utilities through association dues.
Property Size4,218 SF
Price / SF$212.19
Days on Market92
Property Features for 103-1800 Glenarm Pl
General Information
Standard status
Active
Size
4,218 SF
Class
Class A
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$28,714
Amenities
building signage rights
Listing Agency:
Coldwell Banker Commercial, NRT
(720) 217-9435
Listed By:
Brian Campbell
(720) 217-9435
Source:
Exprealty
Added: May 20
Changed: Aug 17
Last Checked: Aug 18 at 1:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial, NRT
Investment Insights
Based on property information with market context.
This 4,218 SF office unit at 1800 Glenarm Place features four private offices and an upper-level executive suite. Furniture, fixtures, and equipment are included, allowing the space to remain furnished for occupancy. The property also carries building signage rights and association services that cover daily janitorial work and utilities.
The unit is positioned in Downtown Denver’s central business district, near sports venues, entertainment, hotels, dining, and other downtown amenities. Its location places employees and clients close to a broad range of established city destinations.
The unit is positioned in Downtown Denver’s central business district, near sports venues, entertainment, hotels, dining, and other downtown amenities. Its location places employees and clients close to a broad range of established city destinations.
Key Highlights
- 4, 218 SF office condominium in Downtown Denver
- Four private offices plus an upper‑level executive suite
- Furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,040
$1.2M
Cap Rate 7%
$882,886
$882.9K
Cap Rate 9%
$686,689
$686.7K
Market Conditions
NOI Build-Up for 4,218 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.4K $26.40/SF
− Vacancy
−$29.0K −$6.86/SF
EGI
$82.4K $19.54/SF
− OpEx
−$20.6K −$4.88/SF
NOI
$61.8K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,040
Cap Rate 7%
$882,886
Cap Rate 9%
$686,689
Alternative Uses
Best Use
Office B
$882.9K
$772.5K – $1.03M
NOI $61,802 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,992 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - The suite includes furnishings, signage rights, and utilities through association dues.
Where is this office units located?
The property is located at 103-1800 Glenarm Pl Denver, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4, 218 SF office condominium in Downtown Denver; Four private offices plus an upper‑level executive suite; Furniture, fixtures, and equipment included
