Office Building with Freight
For Sale
Contact for pricing
730 17th St, Denver, CO 80202
Historic office building with mostly vacant units, plus common-area upgrades underway including new elevators and HVAC.
Property Size548 SF
Price / SF$190
Days on Market799
Property Features for 730 17th St
General Information
Standard status
Active
Size
548 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Amenities
fitness center
common conference room
locker storage room
onsite maintenance and security
pet-friendly workspace
Building Details
Year Built
1892
Buildings
1
Tenancy
Multi
Listing Agency:
Premier Luxe Property Group
(303) 591-8771
Listed By:
Stephanie Johnston · License #100088041
(720) 600-1638
Source:
Moodyscre
Added: Jul 11, 2024
Changed: Sep 15
Last Checked: Sep 16 at 8:07PM
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 Premier Luxe Property Group
Investment Insights
Based on property information with market context.
The Equitable Building is a historic office building built in 1892. All units are vacant except Unit K, which has a short-term lease expiring 2/28/26. Units A and B are currently joined as contiguous space, and all units can be sold together or separately. The building will be undergoing common area renovation, including new elevators and HVAC.
Convenient transit access is a notable feature, with the building within one-block of a light rail stop and the 16th Street Mall. Many restaurants and entertainment venues are within walking distance.
On-site amenities include a fitness center, a common conference room, locker storage room, and a separate freight elevator. Building hours are 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday, with onsite maintenance and security. The workspace is pet-friendly. Property size is 548 SF.
Convenient transit access is a notable feature, with the building within one-block of a light rail stop and the 16th Street Mall. Many restaurants and entertainment venues are within walking distance.
On-site amenities include a fitness center, a common conference room, locker storage room, and a separate freight elevator. Building hours are 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday, with onsite maintenance and security. The workspace is pet-friendly. Property size is 548 SF.
Key Highlights
- Built in 1892 historic office building
- All units vacant except Unit K with lease expiring 2/28/26
- Units A and B are joined as contiguous space; units can be sold together or separately
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
$8,029
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
7.71%
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%
$160,580
$160.6K
Cap Rate 7%
$114,700
$114.7K
Cap Rate 9%
$89,211
$89.2K
Market Conditions
NOI Build-Up for 548 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
$14.5K $26.40/SF
− Vacancy
−$3.8K −$6.86/SF
EGI
$10.7K $19.54/SF
− OpEx
−$2.7K −$4.88/SF
NOI
$8.0K $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%
$160,580
Cap Rate 7%
$114,700
Cap Rate 9%
$89,211
Alternative Uses
Best Use
Office B
$114.7K
$100.4K – $133.8K
NOI $8,029 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.4K
$152.6K – $203.5K
NOI $12,211 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - Historic office building with mostly vacant units, plus common-area upgrades underway including new elevators and HVAC.
Where is this office building located?
The property is located at 730 17th St Denver, CO.
What is the asking price?
The asking price for this property is $104,120.
What are key features of this property?
This property features: Built in 1892 historic office building; All units vacant except Unit K with lease expiring 2/28/26; Units A and B are joined as contiguous space; units can be sold together or separately
