Updated Medical/Professional Office Near
For Sale
$897,000
1745 N Lafayette St, Denver, CO 80218
Updated 2,800 SF office building near St. Joseph’s Hospital.
Property Size2,800 SF
Lot Size0.14 Acres
Price / SF$320.36
Days on Market153
Property Features for 1745 N Lafayette St
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,222
Building Details
Building Size
2,800 SF
Year Built
1975
Stories
1
Units
1
Listing Agency:
Resolute, Inc.
(303) 842-1869
Listed By:
Jack Rohr · License #100039854
(303) 842-1869
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:18PM
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 Resolute, Inc.
Investment Insights
Based on property information with market context.
This updated 2,800 SF building is suitable for medical or professional office use. It is located near St. Joseph’s Hospital and surrounded by shops and restaurants, offering excellent visibility with retail-style frontage. The property features recent upgrades, including fresh interior and exterior paint, new flooring, updated landscaping, and modern curb appeal. The layout includes 8 private offices, a large reception and administrative space, 3 restrooms, a shower, and a large kitchen. There are 5 on-site parking spaces, plus ample street parking. This property is positioned in a central, high-traffic location, making it suitable for an owner-user seeking professional presence and long-term value.
Key Highlights
- Excellent visibility and retail‑style frontage in a high‑traffic location near St. Joseph’s Hospital.
- Recently updated with new interior/exterior paint, flooring, and landscaping.
- Features 8 private offices, large reception & administrative space, and a large kitchen.
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
$41,026
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
4.57%
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%
$820,520
$820.5K
Cap Rate 7%
$586,086
$586.1K
Cap Rate 9%
$455,844
$455.8K
Market Conditions
NOI Build-Up for 2,800 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
$73.9K $26.40/SF
− Vacancy
−$19.2K −$6.86/SF
EGI
$54.7K $19.54/SF
− OpEx
−$13.7K −$4.88/SF
NOI
$41.0K $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%
$820,520
Cap Rate 7%
$586,086
Cap Rate 9%
$455,844
Alternative Uses
Best Use
Office B
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 4.57%
Second Best
Healthcare Medical
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$891.3K
$779.9K – $1.04M
NOI $62,394 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,796
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated 2,800 SF office building near St. Joseph’s Hospital.
Where is this medical office space located?
The property is located at 1745 N Lafayette St Denver, CO.
What is the asking price?
The asking price for this property is $897,000.
What are key features of this property?
This property features: Excellent visibility and retail‑style frontage in a high‑traffic location near St. Joseph’s Hospital.; Recently updated with new interior/exterior paint, flooring, and landscaping.; Features 8 private offices, large reception & administrative space, and a large kitchen.
