Downtown Denver Office Condo
For Sale
$433,770
730 17th Street #4A-4B, Denver, CO 80202
Office condo units for sale in historic downtown Denver building.
Property Size2,163 SF
Lot Size0.56 Acres
Price / SF$200.54
Days on Market826
Property Features for 730 17th Street #4A-4B
General Information
Standard status
Active
Size
2,163 SF
Lot size
0.56 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,120
Amenities
220 Volts
Corner
Membrane Roof
Near Public Transit
Building Details
Year Built
1892
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES COLORADO REAL ESTATE, LLC
(303) 289-7009
Listed By:
STEPHANIE JOHNSTON · License #100088041
Source:
Corcoran
Added: May 21, 2024
Changed: Aug 8
Last Checked: Aug 16 at 5:40AM
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 BERKSHIRE HATHAWAY HOMESERVICES COLORADO REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
Located in downtown Denver, five office condo units are available for purchase on the 4th floor of the historic Equitable Building. Constructed in 1892, the Equitable Building is a distinctive landmark. Units 4A (2,163 square feet) and 4B (640 square feet) are combined to form one contiguous unit. The units can be purchased individually or as a group, offering a total of 7,388 square feet. All units are currently vacant, with the exception of Unit K, which has a short-term, month-to-month tenant. The building is scheduled for a common area renovation, which includes new elevators and HVAC systems. The location is within one block of a light rail stop and the 16th Street Mall, providing convenient access to transportation and amenities. Numerous restaurants and entertainment venues are within walking distance. Building amenities include a fitness center, a common conference room, a locker storage room, and a separate freight elevator. Onsite maintenance and security services are provided, and the building is a pet-friendly workspace. Photos provided are representative of the space.
Key Highlights
- Located in the Historic Equitable Building in downtown Denver.
- Potential to purchase up to 7,388 s.f. of contiguous office space.
- Building is undergoing common area renovations including new elevators and HVAC.
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
$31,692
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
7.31%
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%
$633,840
$633.8K
Cap Rate 7%
$452,743
$452.7K
Cap Rate 9%
$352,133
$352.1K
Market Conditions
NOI Build-Up for 2,163 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
$57.1K $26.40/SF
− Vacancy
−$14.8K −$6.86/SF
EGI
$42.3K $19.54/SF
− OpEx
−$10.6K −$4.88/SF
NOI
$31.7K $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%
$633,840
Cap Rate 7%
$452,743
Cap Rate 9%
$352,133
Alternative Uses
Best Use
Office B
$452.7K
$396.2K – $528.2K
NOI $31,692 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.6K
$602.5K – $803.3K
NOI $48,199 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14,615
Businesses Nearby
Explore this area
Business Placement
Demographics for 80202, CO
19,606
Population
14,394
Households
1.4
Avg Household Size
34
Median Age
72%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
16,338
Density / Sq Mi
$110,372
Median Household Income
$80,331
Median Earnings
$2,246
Median Rent
$677,100
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 - Office condo units for sale in historic downtown Denver building.
Where is this office units located?
The property is located at 730 17th Street #4A-4B Denver, CO.
What is the asking price?
The asking price for this property is $433,770.
What are key features of this property?
This property features: Located in the Historic Equitable Building in downtown Denver.; Potential to purchase up to 7,388 s.f. of contiguous office space.; Building is undergoing common area renovations including new elevators and HVAC.
