Remodeled Office
For Sale
$425,000
1241 S Parker Road #201, Denver, CO 80231
Flexible commercial condo with reception, conference room, kitchen, and separate entrances.
Property Size1,530 SF
Days on Market8
Property Features for 1241 S Parker Road #201
General Information
Standard status
Active
Size
1,530 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
Commercial Condo
Taxes and HOA fees
Annual Taxes
$5,635
Amenities
welcoming reception area with a built-in desk
vaulted ceilings
sleek vinyl flooring
bright natural light
5 private offices
large conference room with glass partition walls
3/4 bath, 1/2 bath, 1/4
kitchen with included appliances
separate front and back entries
Building Details
Building Size
1,530 SF
Year Built
1984
Units
1
Listing Agency:
Madison & Company Properties
(720) 495-4013
Listed By:
Lina Krylov · License #40037766
(720) 495-4013
Source:
Coloradopartners
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 22 at 12:46PM
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 Madison & Company Properties
Investment Insights
Based on property information with market context.
This remodeled office unit offers a professional configuration with a reception area featuring a built-in desk, vaulted ceilings, vinyl flooring, and abundant natural light. The layout includes 5 private offices, a conference room enclosed by glass partitions, a kitchen with appliances, and three bathrooms comprising 3/4, 1/2, and 1/4 baths. Separate front and rear entrances support distinct client and staff circulation, while on-site parking serves the unit. The space can accommodate a medical spa or other practice-oriented office use.
Located within Creekside at Highline Office Park, the property provides access to the Denver Metro Area and is minutes from Cherry Creek and Downtown Denver. Restaurants and shopping are located in the surrounding area. The property is zoned Commercial Condo and was built in 1984.
Located within Creekside at Highline Office Park, the property provides access to the Denver Metro Area and is minutes from Cherry Creek and Downtown Denver. Restaurants and shopping are located in the surrounding area. The property is zoned Commercial Condo and was built in 1984.
Key Highlights
- 5 private offices and a glass‑partitioned conference room
- Reception area with built‑in desk, vaulted ceilings, vinyl flooring, and natural light
- Kitchen includes appliances, with 3/4, 1/2, and 1/4 baths
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
$22,418
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
5.27%
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%
$448,360
$448.4K
Cap Rate 7%
$320,257
$320.3K
Cap Rate 9%
$249,089
$249.1K
Market Conditions
NOI Build-Up for 1,530 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
$40.4K $26.40/SF
− Vacancy
−$10.5K −$6.86/SF
EGI
$29.9K $19.54/SF
− OpEx
−$7.5K −$4.88/SF
NOI
$22.4K $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%
$448,360
Cap Rate 7%
$320,257
Cap Rate 9%
$249,089
Alternative Uses
Best Use
Office B
$320.3K
$280.2K – $373.6K
NOI $22,418 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$487.1K
$426.2K – $568.2K
NOI $34,094 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Flexible commercial condo with reception, conference room, kitchen, and separate entrances.
Where is this office units located?
The property is located at 1241 S Parker Road #201 Denver, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5 private offices and a glass‑partitioned conference room; Reception area with built‑in desk, vaulted ceilings, vinyl flooring, and natural light; Kitchen includes appliances, with 3/4, 1/2, and 1/4 baths
