Two-Tenant Office Building
For Sale
Contact for pricing
3280 Wadsworth Blvd, Wheat Ridge, CO 80033
Multi-tenant office building offers 2,628 RSF on the second floor plus 31 parking spaces and basement storage.
Property Size7,943 SF
Price / SF$185.70
Days on Market536
Property Features for 3280 Wadsworth Blvd
General Information
Standard status
Active
Size
7,943 SF
Total Parking Spaces
31
Property subtype
OFFICE
Additional Details
Business Included
No
Amenities
signage
internet included - Century Link Fiber
ample storage - 2,300 SF basement space
bathrooms with showers
Building Details
Tenancy
Multi
Listing Agency:
Unique Properties, Inc.
(720) 513-3937
Listed By:
Stephen Miller · License #EA.000147421
(303) 888-7632
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Aug 15
Last Checked: Sep 14 at 8:25AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
This office building totals 7,943 SF and includes approximately 2,628 RSF available on the second floor. The property is currently occupied by four tenants: a plastic surgeon, an accounting firm, a due diligence group, and a salon. Annual income is approximately $103,214, and the leases include scheduled annual increases. On-site amenities include signage on the building, internet included in the leases (CenturyLink fiber in the building), ample storage, and bathrooms with showers.
The building provides 31 parking spaces and approximately 2,300 SF of basement space, which may be used for storage or potential office use.
The second-floor space is positioned for professional uses such as an architecture firm, management company, or medical office, based on the current availability described for leasing.
The building provides 31 parking spaces and approximately 2,300 SF of basement space, which may be used for storage or potential office use.
The second-floor space is positioned for professional uses such as an architecture firm, management company, or medical office, based on the current availability described for leasing.
Key Highlights
- 7,943 SF multi‑tenant office building on Wadsworth Blvd
- 2,628 RSF available on the second floor for lease
- Current tenants include a plastic surgeon, accounting firm, due diligence group, and salon
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
$107,040
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
7.26%
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%
$2,140,800
$2.1M
Cap Rate 7%
$1,529,143
$1.5M
Cap Rate 9%
$1,189,333
$1.2M
Market Conditions
NOI Build-Up for 7,943 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
$161.1K $20.28/SF
− Vacancy
−$18.4K −$2.31/SF
EGI
$142.7K $17.97/SF
− OpEx
−$35.7K −$4.49/SF
NOI
$107.0K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$2,140,800
Cap Rate 7%
$1,529,143
Cap Rate 9%
$1,189,333
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $107,040 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$1.53M
$1.34M – $1.78M
NOI $106,914 @ 7.0% cap · market cap 7.25%
Theoretical Best
Multifamily LT 5
$17.68M
$15.47M – $20.62M
NOI $1,237,323 @ 7.0% cap · market cap 83.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 80033, CO
26,618
Population
13,257
Households
2
Avg Household Size
42
Median Age
44%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
3,207
Density / Sq Mi
$84,719
Median Household Income
$53,503
Median Earnings
$1,536
Median Rent
$568,900
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 West region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building offers 2,628 RSF on the second floor plus 31 parking spaces and basement storage.
Where is this office building located?
The property is located at 3280 Wadsworth Blvd Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7,943 SF multi‑tenant office building on Wadsworth Blvd; 2,628 RSF available on the second floor for lease; Current tenants include a plastic surgeon, accounting firm, due diligence group, and salon
