Architectural Office Building with
For Sale
Contact for pricing
722-730 Kalamath St, Denver, CO 80204
Distinct office layout with private offices, conference rooms, built-in kitchen, and covered temperature-controlled storage.
Property Size6,541 SF
Price / SF$389.85
Days on Market596
Property Features for 722-730 Kalamath St
General Information
Standard status
Active
Size
6,541 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Road Access
Yes
Amenities
private offices
open seating areas
covered temperature-controlled storage
fully built out kitchen
five private full bathrooms
shower
private outdoor space
private vehicle access
private gated parking
updated conference rooms
automatic exterior lighting
Building Details
Construction
concrete barrel roof
Listing Agency:
Required Properties
(303) 900-9111
Listed By:
JB Hochman
(303) 668-4930
Source:
Moodyscre
Added: Jan 29, 2025
Changed: Sep 12
Last Checked: Sep 16 at 12:52PM
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 Required Properties
Investment Insights
Based on property information with market context.
This architecturally significant office building offers a mix of private offices and open seating areas, along with two right-sized updated conference rooms. The interior includes a centrally located, fully built-out kitchen. Restrooms are available via five private full bathrooms and one-shower, supporting flexible office use.
Covered and temperature-controlled storage is provided in both the basement and the 2nd floor. The building also includes a private outdoor space, with private access points from within the building and private vehicle access to that space from both Kalamath at the front and an alley at the rear. Exterior lighting and exterior building lighting were replaced in 2024 and operate on an automatic turn on/off schedule.
Parking is private and gated for the exclusive use of the building, supporting on-site access for occupants and visitors.
Covered and temperature-controlled storage is provided in both the basement and the 2nd floor. The building also includes a private outdoor space, with private access points from within the building and private vehicle access to that space from both Kalamath at the front and an alley at the rear. Exterior lighting and exterior building lighting were replaced in 2024 and operate on an automatic turn on/off schedule.
Parking is private and gated for the exclusive use of the building, supporting on-site access for occupants and visitors.
Key Highlights
- Architecturally significant building with a concrete barrel roof
- Highly desirable office layout with a mix of open seating and multiple private offices
- Two updated, right‑sized conference rooms plus a centrally located built‑in 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
$95,839
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
3.76%
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%
$1,916,780
$1.9M
Cap Rate 7%
$1,369,129
$1.4M
Cap Rate 9%
$1,064,878
$1.1M
Market Conditions
NOI Build-Up for 6,541 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
$172.7K $26.40/SF
− Vacancy
−$44.9K −$6.86/SF
EGI
$127.8K $19.54/SF
− OpEx
−$31.9K −$4.88/SF
NOI
$95.8K $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%
$1,916,780
Cap Rate 7%
$1,369,129
Cap Rate 9%
$1,064,878
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,839 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,757 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office building - Distinct office layout with private offices, conference rooms, built-in kitchen, and covered temperature-controlled storage.
Where is this office building located?
The property is located at 722-730 Kalamath St Denver, CO.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Architecturally significant building with a concrete barrel roof; Highly desirable office layout with a mix of open seating and multiple private offices; Two updated, right‑sized conference rooms plus a centrally located built‑in kitchen
