Ground-Level Endcap Office
For Sale
$320,000
1181 S Parker Road Unit 105, Denver, CO 80231
Ground-level end unit with no-stairs access, abundant natural light, and ample on-site parking along Parker Road.
Property Size892 SF
Price / SF$358.74
Days on Market82
Property Features for 1181 S Parker Road Unit 105
General Information
Standard status
Active
Size
892 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,658
Amenities
abundant natural light
ground level access
Building Details
Building Size
892 SF
Year Built
1984
Listing Agency:
Brokers Guild Homes
(720) 227-3978
Listed By:
Kristine Nguyen · License #100002384
Source:
Zencasarealty
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 22 at 8:41AM
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 Brokers Guild Homes
Investment Insights
Based on property information with market context.
This versatile ground-level commercial end unit offers no-stairs access and abundant natural light. The exterior is being refreshed with an exterior paint update, and a new roof has been installed. The space is move-in ready and currently operates as a hair salon with an existing salon layout, with the option to purchase the business setup—furniture, fixtures, equipment, and existing arrangement—for an additional $12,000.
Positioned at the front of the complex, the unit is described as having strong visibility from Parker Road and convenient accessibility for clients and staff. Ample on-site parking supports easy day-to-day access.
With a flexible interior layout, the space can accommodate a range of service-oriented and professional uses. It is configured for salon operation today, and the current setup may be continued by a buyer looking for an operational space from day one.
Positioned at the front of the complex, the unit is described as having strong visibility from Parker Road and convenient accessibility for clients and staff. Ample on-site parking supports easy day-to-day access.
With a flexible interior layout, the space can accommodate a range of service-oriented and professional uses. It is configured for salon operation today, and the current setup may be continued by a buyer looking for an operational space from day one.
Key Highlights
- 1984‑built commercial end unit in a ground‑level, no‑stairs layout
- Located at the front of the complex along Parker Road with high‑traffic exposure and easy access
- Abundant natural light throughout
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
$13,070
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
4.08%
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%
$261,400
$261.4K
Cap Rate 7%
$186,714
$186.7K
Cap Rate 9%
$145,222
$145.2K
Market Conditions
NOI Build-Up for 892 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
$23.5K $26.40/SF
− Vacancy
−$6.1K −$6.86/SF
EGI
$17.4K $19.54/SF
− OpEx
−$4.4K −$4.88/SF
NOI
$13.1K $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%
$261,400
Cap Rate 7%
$186,714
Cap Rate 9%
$145,222
Alternative Uses
Best Use
Office B
$186.7K
$163.4K – $217.8K
NOI $13,070 @ 7.0% cap · market cap 4.08%
Second Best
Healthcare Medical
$168.8K
$147.7K – $197.0K
NOI $11,817 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$284.0K
$248.5K – $331.3K
NOI $19,877 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 80231, CO
36,014
Population
18,252
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
7,350
Density / Sq Mi
$73,961
Median Household Income
$48,062
Median Earnings
$1,727
Median Rent
$489,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground-level end unit with no-stairs access, abundant natural light, and ample on-site parking along Parker Road.
Where is this office units located?
The property is located at 1181 S Parker Road Unit 105 Denver, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1984‑built commercial end unit in a ground‑level, no‑stairs layout; Located at the front of the complex along Parker Road with high‑traffic exposure and easy access; Abundant natural light throughout
