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    Denver Office Building with Views Title is generated by Realmo AI

    1660 South Albion Street, Denver, CO 80222

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    Eleven-story office building with renovated lobby, cafe, and mountain views.

    Type:Office
    Property size:
    111,103 SF
    Price / SF:
    $0.00/SF
    Added:
    Sep 25, 2025
    Days on Market:
    252
    Last Refresh:
    May 8 at 9:03 pm

    Property Features for 1660 South Albion Street

    General Information

    Standard status
    Active
    Size
    111,103 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

    Properties For Sale

    at 1660 South Albion Street Contact us

    We can help!

    Listing Contact
    Marc S. Lippitt
    Marc S. Lippitt

    Listing agent Marc S. Lippitt License #ER.000183921

    Listing office Unique Properties, Inc.

    Listing date Sep 25, 2025

    Source Tcnworldwide

    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 Unique Properties, Inc.

    HighLights

    • Prime location with easy access to I‑25, nearby retail, dining, parks, trails, museums, galleries, and theaters.
    • Cost‑effective office space alternative in the Colorado/I‑25 area with a first‑year rate of $18 PSF for spaces 1,000 SF+ (lease signed before year‑end).
    • Newly renovated lobby with a cafe offering food and drinks.
    • Stunning views of the front range from the 11‑story building.
    • Covered and heated parking available, along with EV charging stations.
    • Benefit from on‑site property management, multiple common area conference rooms, and a newly renovated fitness center.

    Overview

    Located at 1660 South Albion Street in Denver, Colorado, Tower 1660 is an 11-story office building offering spaces ranging from 404 to 3,721 square feet within its 111,103 square footage. The property has been under current ownership since 2015 and features a renovated lobby with a cafe. The building provides views of the front range. It offers a cost-effective alternative to other office spaces in the Colorado / I-25 area. The location provides convenient access to retail, dining, parks, trails, museums, galleries, and theaters. Major transportation hubs are easily accessible. The property includes covered and heated parking, with unreserved spaces available for $25 per month and reserved spaces for $75 per month. EV charging stations are available. The building also features multiple common area conference rooms, a newly renovated fitness center, and on-site property management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papi Properties, LLC Real Estate Agency Henken Kathleen Physician Bissell Dental Group Dental Office Dr. William C. ... Dental Office Jan Buckstein PC Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.939
    Latitude
    39.6861

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    FAQs

    What type of property is this?
    Office building - Eleven-story office building with renovated lobby, cafe, and mountain views.
    Where is this office building located?
    The property is located at 1660 South Albion Street Denver, CO.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location with easy access to I‑25, nearby retail, dining, parks, trails, museums, galleries, and theaters.; Cost‑effective office space alternative in the Colorado/I‑25 area with a first‑year rate of $18 PSF for spaces 1,000 SF+ (lease signed before year‑end).; Newly renovated lobby with a cafe offering food and drinks.
    (303) 321-5888
    We can help!
    Listing Contact
    Marc S. Lippitt
    Marc S. Lippitt
    Real Estate License ID: ER.000183921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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