Office Unit with Corner
For Sale
$380,205
1800 Glenarm Place Unit 1203, Denver, CO 80202
The 12th-floor layout includes four private offices, reception, meeting space, and a kitchenette.
Property Size1,491 SF
Price / SF$255
Days on Market833
Property Features for 1800 Glenarm Place Unit 1203
General Information
Standard status
Active
Size
1,491 SF
Elevators
Yes
Property subtype
Office
Site & Location
Neighborhood
Cbd
Public Transit
Yes
Additional Details
Floor
12
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,192
Amenities
fitness center
conference rooms
Building Details
Year Built
1980
Listing Agency:
eXp Realty, LLC
Listed By:
The Apollo Group (Be One Realty)
(720) 987-0162
Source:
Apollogroup
Added: Jul 19, 2024
Changed: Oct 26
Last Checked: Oct 26 at 2:54PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,491-square-foot office unit occupies the 12th floor of 1800 Glenarm Place and includes four private offices, a reception area, meeting space, and a kitchenette. A corner office and city views add to the suite’s features. The building, constructed in 1980, has secured entry and elevator access, along with shared fitness and conference facilities.
The property is in Denver’s Central Business District. Its Walk Score is 98 and Transit Score is 83. The building’s shared amenities include a fitness center and conference rooms, complementing the private work areas within the suite.
The property is in Denver’s Central Business District. Its Walk Score is 98 and Transit Score is 83. The building’s shared amenities include a fitness center and conference rooms, complementing the private work areas within the suite.
Key Highlights
- 1,491‑square‑foot office unit on the 12th floor
- Four private offices, reception area, meeting space, and kitchenette
- Corner office and city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,846
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,920
$436.9K
Cap Rate 7%
$312,086
$312.1K
Cap Rate 9%
$242,733
$242.7K
Market Conditions
NOI Build-Up for 1,491 SF
Gross rent
$39.4K $26.40/SF
− Vacancy
−$10.2K −$6.86/SF
EGI
$29.1K $19.54/SF
− OpEx
−$7.3K −$4.88/SF
NOI
$21.8K $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 Rate 5%
$436,920
Cap Rate 7%
$312,086
Cap Rate 9%
$242,733
Alternative Uses
Best Use
Office B
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13,479
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
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Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office unit - The 12th-floor layout includes four private offices, reception, meeting space, and a kitchenette.
Where is this office unit located?
The property is located at 1800 Glenarm Place Unit 1203 Denver, CO.
What is the asking price?
The asking price for this property is $380,205.
What are key features of this property?
This property features: 1,491‑square‑foot office unit on the 12th floor; Four private offices, reception area, meeting space, and kitchenette; Corner office and city views
