Remodeled Ground-Level Office
For Sale
$299,000
1231 S Parker Road 100a, Denver, CO 80231
End-unit layout includes three private rooms, reception space, and an open work area.
Property Size1,205 SF
Price / SF$248.13
Days on Market75
Property Features for 1231 S Parker Road 100a
General Information
Standard status
Active
Size
1,205 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground Floor
Office Units
1
Amenities
mature landscaping
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Brokers Guild Homes
Listed By:
Kristine Nguyen · License #100002384
(720) 227-3978
Source:
Teamuniteddenver
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 7 at 3:06PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,205-square-foot office condo occupies a ground-level end unit with no-stair access. The recently remodeled space includes three private rooms, a reception area, and a large open workspace. The property was previously used as a medical office and includes a new roof and exterior paint. The flexible configuration is identified for medical, professional, wellness, legal, and service-based businesses.
Located near the High Line Canal, the office has access from Leetsdale Drive and Parker Road. The professionally managed, six-building community features mature landscaping and ample parking for owners and clients. Nearby business destinations and transportation connections include DTC, Cherry Creek, I-25, and I-225. The building was constructed in 1984.
Located near the High Line Canal, the office has access from Leetsdale Drive and Parker Road. The professionally managed, six-building community features mature landscaping and ample parking for owners and clients. Nearby business destinations and transportation connections include DTC, Cherry Creek, I-25, and I-225. The building was constructed in 1984.
Key Highlights
- 1,205 SF ground‑level office condo with no‑stair access
- Recently remodeled with a new roof and exterior paint
- Three private rooms, reception area, and large open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,656
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,120
$353.1K
Cap Rate 7%
$252,229
$252.2K
Cap Rate 9%
$196,178
$196.2K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$31.8K $26.40/SF
− Vacancy
−$8.3K −$6.86/SF
EGI
$23.5K $19.54/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$17.7K $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 Rate 5%
$353,120
Cap Rate 7%
$252,229
Cap Rate 9%
$196,178
Alternative Uses
Best Use
Office B
$252.2K
$220.7K – $294.3K
NOI $17,656 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office unit - End-unit layout includes three private rooms, reception space, and an open work area.
Where is this office unit located?
The property is located at 1231 S Parker Road 100a Denver, CO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,205 SF ground‑level office condo with no‑stair access; Recently remodeled with a new roof and exterior paint; Three private rooms, reception area, and large open workspace
