DTC Office Building For
For Sale
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5350 DTC Pkwy, Greenwood Village, CO
Two-story office building in a prime Denver Tech Center location.
Property Size17,750 SF
Lot Size0.78 Acres
Price / SF$185.63
Days on Market751
Property Features for 5350 DTC Pkwy
General Information
Standard status
Active
Size
17,750 SF
Lot size
0.78 Acres
Property subtype
OFFICE
Listing Agency:
Newmark | Denver
(303) 523-2560
Listed By:
Mike Wafer, SIOR · License #241181
(303) 523-2560
Source:
Moodyscre
Added: Jul 13, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:10AM
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 Newmark | Denver
Investment Insights
Based on property information with market context.
This two-story office building is located in the Denver Tech Center. The building includes a finished garden level. Monument signage is available. The property is currently fully leased to short-term tenants, providing flexibility to a new buyer. It is within walking distance of the Orchard Station light rail stop. The property is suitable for an owner/user.
Key Highlights
- Prime DTC (Denver Tech Center) location
- Flexibility for owner/user due to short‑term leases
- Walking distance to Orchard Station light rail stop
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $315.2k | $17.76 |
| − Vacancy | −$56.4k | −$3.18 |
| EGI | $258.8k | $14.58 |
| − OpEx | −$64.7k | −$3.65 |
| NOI | $194.1k | $10.94 |
17,750 SF · lease $17.76/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.24M
NOI $194,109 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$263.53M
$230.59M – $307.45M
NOI $18,447,155 @ 7.0% cap · market cap 559.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,280
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in a prime Denver Tech Center location.
Where is this office building located?
The property is located at 5350 DTC Pkwy Greenwood Village, CO.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Prime DTC (Denver Tech Center) location; Flexibility for owner/user due to short‑term leases; Walking distance to Orchard Station light rail stop
