Updated Multifamily
For Sale
$1,050,000
10775 W 13th Ave, Denver, CO 80215
All-electric multifamily property with renovated interiors and a low-maintenance zero-scaped exterior.
Property Size3,400 SF
Price / SF$308.82
Days on Market26
Property Features for 10775 W 13th Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minimal deferred maintenance
Additional Details
Public Transit
Yes
Building Details
Year Built
1981
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(214) 336-6064
Listed By:
Charles Burkhart · License #100103787
Source:
Englehomesgroup
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 29 at 12:01PM
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 Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
Built in 1981, this multifamily property features updated interiors with new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and contemporary fixtures. The all-electric building is complemented by a zero-scaped exterior designed for lower-maintenance upkeep. PropertySize is reported as 3,400, without a unit of measure provided.
The property is located at 10775 W 13th Ave in Denver’s Lakewood submarket, with access to Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line. The surrounding area also provides access to shopping, dining, employment centers, public transportation, and outdoor recreation.
The property is located at 10775 W 13th Ave in Denver’s Lakewood submarket, with access to Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line. The surrounding area also provides access to shopping, dining, employment centers, public transportation, and outdoor recreation.
Key Highlights
- Built in 1981
- Updated cabinetry, countertops, flooring, bathroom finishes, and fixtures
- All‑electric multifamily property
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
$51,624
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
4.92%
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%
$1,032,480
$1.0M
Cap Rate 7%
$737,486
$737.5K
Cap Rate 9%
$573,600
$573.6K
Market Conditions
NOI Build-Up for 3,400 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
$100.0K $29.40/SF
− Vacancy
−$6.1K −$1.79/SF
EGI
$93.9K $27.61/SF
− OpEx
−$42.2K −$12.42/SF
NOI
$51.6K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,032,480
Cap Rate 7%
$737,486
Cap Rate 9%
$573,600
Alternative Uses
Best Use
Apartment 5plus
$737.5K
$645.3K – $860.4K
NOI $51,624 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$947.1K – $1.26M
NOI $75,764 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - All-electric multifamily property with renovated interiors and a low-maintenance zero-scaped exterior.
Where is this multifamily property located?
The property is located at 10775 W 13th Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Built in 1981; Updated cabinetry, countertops, flooring, bathroom finishes, and fixtures; All‑electric multifamily property
