Equitable Building Office
For Sale
$750,000
730 17th St 2E & 2F, Denver, CO 80202
Corner office unit in historic Denver building for sale.
Property Size3,088 SF
Lot Size0.56 Acres
Days on Market166
Property Features for 730 17th St 2E & 2F
General Information
Standard status
Active
Size
3,088 SF
Lot size
0.56 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,904
Building Details
Building Size
3,088 SF
Year Built
1890
Stories
9
Units
2
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate
(720) 600-1638
Listed By:
Stephanie Johnston · License #CO-EA1318931
(720) 600-1638
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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
Investment Insights
Based on property information with market context.
The Equitable Building, constructed in 1892, offers a corner office unit located on 17th and Stout. This unit, identified as Unit 230, features windows facing 17th Street. The office space has hardwood floors and has been remodeled with executive finishes. Building amenities include a fitness center, a common conference room, and a locker storage room. A separate freight elevator is also available. The building maintains operating hours from 7:00 AM to 6:00 PM, Monday through Friday, and from 7:00 AM to 3:00 PM on Saturday. Onsite maintenance and security services are provided. The building is a pet-friendly workspace.
Key Highlights
- Remodeled with executive finishes and hardwood floors.
- Prime corner office location on 17th & Stout with windows facing 17th St. (ideal for parade watching).
- Building amenities include a fitness center, common conference room, and locker storage room.
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
$45,245
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
6.03%
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%
$904,900
$904.9K
Cap Rate 7%
$646,357
$646.4K
Cap Rate 9%
$502,722
$502.7K
Market Conditions
NOI Build-Up for 3,088 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
$81.5K $26.40/SF
− Vacancy
−$21.2K −$6.86/SF
EGI
$60.3K $19.54/SF
− OpEx
−$15.1K −$4.88/SF
NOI
$45.2K $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%
$904,900
Cap Rate 7%
$646,357
Cap Rate 9%
$502,722
Alternative Uses
Best Use
Office B
$646.4K
$565.6K – $754.1K
NOI $45,245 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.0K
$860.2K – $1.15M
NOI $68,812 @ 7.0% cap · market cap 9.17%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Corner office unit in historic Denver building for sale.
Where is this office units located?
The property is located at 730 17th St 2E & 2F Denver, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Remodeled with executive finishes and hardwood floors.; Prime corner office location on 17th & Stout with windows facing 17th St. (ideal for parade watching).; Building amenities include a fitness center, common conference room, and locker storage room.
