Remodeled Office Condo For
For Sale
$313,000
1231 S Parker Road #100A, Denver, CO 80231
Recently remodeled commercial office condo in central Denver location.
Property Size1,205 SF
Price / SF$259.75
Days on Market286
Property Features for 1231 S Parker Road #100A
General Information
Standard status
Active
Size
1,205 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,586
Amenities
Corner
Building Details
Year Built
1984
Listing Agency:
BROKERS GUILD HOMES
(303) 752-0007
Listed By:
KRISTINE NGUYEN · License #100002384
(720) 227-3978
Source:
Corcoran
Added: Nov 20, 2025
Changed: Sep 2
Last Checked: Sep 1 at 7:16PM
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 recently remodeled commercial office condo is located in a central and highly accessible area of Denver. Previously used as a medical office, the adaptable space is suitable for various professional, medical, or service-based businesses. The floor plan includes three rooms, featuring a spacious reception area and a large adjacent open space. The property is professionally managed and includes well-maintained landscaping and ample parking. Convenient access from Leetsdale Drive, as it transitions into Parker Road, enhances visibility and commute ease. Situated near the High Line Canal, this ground-level end unit offers no-stair access. The mature landscaping surrounding the building contributes to its professional curb appeal. The property is positioned minutes from Denver’s business corridors, dining, retail, and major transportation routes. The property size is 1205 square feet.
Key Highlights
- Prime Denver location with convenient access to major roads, business corridors, dining, and retail.
- Versatile layout suitable for various professional, medical, or service‑based businesses, including a spacious reception area and large open space.
- Ground‑level end unit with no‑stair access for clients, patients, and staff.
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
$17,656
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
5.64%
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%
$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
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
$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 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%
$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 5.64%
Second Best
Healthcare Medical
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Colorado Equine Crisis Inc — 7373 e iowa ave, denver, co 80231
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently remodeled commercial office condo in central Denver location.
Where is this medical office space 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 $313,000.
What are key features of this property?
This property features: Prime Denver location with convenient access to major roads, business corridors, dining, and retail.; Versatile layout suitable for various professional, medical, or service‑based businesses, including a spacious reception area and large open space.; Ground‑level end unit with no‑stair access for clients, patients, and staff.
