Maintained Duplex with Oversized
For Sale
$620,000
10771 E 28th Pl, Denver, CO 80238
Updated interiors, flexible basement space, and convenient access to parks, trails, transit, and nearby retail destinations.
Property Size1,639 SF
Days on Market52
Property Features for 10771 E 28th Pl
General Information
Standard status
Active
Size
1,639 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,085
Building Details
Building Size
1,639 SF
Year Built
2012
Listing Agency:
Kentwood Real Estate DTC, LLC
(303) 773-3399
Listed By:
Karl Lo
(303) 773-3399
Source:
Corken
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 29 at 2:33PM
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 Kentwood Real Estate DTC, LLC
Investment Insights
Based on property information with market context.
This 2012 duplex features an open main-level layout with living and dining areas connected to an upgraded kitchen. Kitchen improvements include granite countertops, stainless steel appliances, a gas range, subway tile backsplash, a center island, a walk-in pantry, and expanded cabinetry. Fresh interior paint and hardwood floors add to the main-level finish. A dedicated office opens to the front courtyard through French doors, while the upper level includes a primary suite with two closets and an ensuite bath with dual vanities, two additional bedrooms, an upstairs laundry room, and linen storage.
The property occupies an oversized corner lot with a fenced backyard and private deck. An unfinished basement offers additional storage and future expansion potential. An attached two-car garage and street parking provide parking capacity. The property is near Bluff Lake Nature Center, Eastbridge Town Center, Stanley Marketplace, light rail, parks, trails, and major commuter routes.
The property occupies an oversized corner lot with a fenced backyard and private deck. An unfinished basement offers additional storage and future expansion potential. An attached two-car garage and street parking provide parking capacity. The property is near Bluff Lake Nature Center, Eastbridge Town Center, Stanley Marketplace, light rail, parks, trails, and major commuter routes.
Key Highlights
- 2012 construction with an oversized corner lot and fenced backyard
- Upgraded kitchen with granite counters, stainless appliances, gas range, island, and walk‑in pantry
- Three upper‑level bedrooms, including a primary suite with ensuite bath and two closets
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
$27,238
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
4.39%
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%
$544,760
$544.8K
Cap Rate 7%
$389,114
$389.1K
Cap Rate 9%
$302,644
$302.6K
Market Conditions
NOI Build-Up for 1,639 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
$41.3K $25.20/SF
− Vacancy
−$2.4K −$1.46/SF
EGI
$38.9K $23.74/SF
− OpEx
−$11.7K −$7.12/SF
NOI
$27.2K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$544,760
Cap Rate 7%
$389,114
Cap Rate 9%
$302,644
Alternative Uses
Best Use
Multifamily LT 5
$389.1K
$340.5K – $454.0K
NOI $27,238 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.8K
NOI $24,886 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$521.8K
$456.5K – $608.7K
NOI $36,523 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 80238, CO
28,937
Population
11,741
Households
2.5
Avg Household Size
34
Median Age
77%
College-Educated
100%
High-School Grad
6.8 sq mi
ZIP Area
4,255
Density / Sq Mi
$166,191
Median Household Income
$90,306
Median Earnings
$2,071
Median Rent
$806,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, flexible basement space, and convenient access to parks, trails, transit, and nearby retail destinations.
Where is this duplex located?
The property is located at 10771 E 28th Pl Denver, CO.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2012 construction with an oversized corner lot and fenced backyard; Upgraded kitchen with granite counters, stainless appliances, gas range, island, and walk‑in pantry; Three upper‑level bedrooms, including a primary suite with ensuite bath and two closets
