Multi-Unit Office
New
For Sale
$890,000
5590 S Windermere Street, Littleton, CO 80120
Flexible commercial layout includes a dentist office and basement kitchen and bathroom.
Property Size5,584 SF
Days on Market4
Property Features for 5590 S Windermere Street
General Information
Standard status
Active
Size
5,584 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
NC/PL-O
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$27,793
Building Details
Building Size
5,584 SF
Year Built
1971
Units
5
Listing Agency:
CITYWIDE BROKERS
(303) 246-7848
Listed By:
Panagiota Sietos
(303) 246-7848
Source:
Coloradopartners
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 7 at 9:51AM
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 CITYWIDE BROKERS
Investment Insights
Based on property information with market context.
This office property, built in 1971, contains five units with the potential to expand to six. The configuration supports multiple office-oriented uses, and one suite is already fitted as a dentist office. A basement adds a full bathroom and kitchen, providing additional functional space within the building.
The property is in Littleton near the Old Town Littleton area and includes parking for employees and customers. One dentist-office unit is leased month to month, creating an existing occupancy component for an owner or investor. The property is zoned NC/PL-O.
The property is in Littleton near the Old Town Littleton area and includes parking for employees and customers. One dentist-office unit is leased month to month, creating an existing occupancy component for an owner or investor. The property is zoned NC/PL-O.
Key Highlights
- Five office units with potential expansion to six
- One unit configured as a dentist office
- Basement includes a full bathroom and 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
$80,139
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
9.00%
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%
$1,602,780
$1.6M
Cap Rate 7%
$1,144,843
$1.1M
Cap Rate 9%
$890,433
$890.4K
Market Conditions
NOI Build-Up for 5,584 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
$160.1K $28.68/SF
− Vacancy
−$26.6K −$4.76/SF
EGI
$133.6K $23.92/SF
− OpEx
−$53.4K −$9.57/SF
NOI
$80.1K $14.35/SF
Area
Douglas County, CO
Vacancy
16.60%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
40.00%
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%
$1,602,780
Cap Rate 7%
$1,144,843
Cap Rate 9%
$890,433
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,307 @ 7.0% cap · market cap 10.93%
Second Best
Healthcare Medical
$1.14M
$1.00M – $1.34M
NOI $80,139 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,260 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout includes a dentist office and basement kitchen and bathroom.
Where is this office units located?
The property is located at 5590 S Windermere Street Littleton, CO.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Five office units with potential expansion to six; One unit configured as a dentist office; Basement includes a full bathroom and kitchen
