Office Condo with Four Private
For Sale
$357,740
13976 Bowles Avenue, Littleton, CO 80127
Office condo with shared lobby, four private offices, private restroom, kitchenette, storage, and Quantum Fiber connectivity.
Property Size1,276 SF
Price / SF$280.36
Days on Market88
Property Features for 13976 Bowles Avenue
General Information
Standard status
Active
Size
1,276 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,687
Amenities
shared lobby
Quantum Fiber
3
Concrete
Building Details
Year Built
2006
Listing Agency:
Keller Williams Advantage Realty LLC
(303) 579-9428
Listed By:
Ryan Devin · License #100048479
(303) 579-9428
Source:
Xome
Added: May 27
Changed: Aug 12
Last Checked: Aug 22 at 3:44AM
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 Keller Williams Advantage Realty LLC
Investment Insights
Based on property information with market context.
This office condo at 13976 W Bowles Avenue, Unit 102 is designed for professional day-to-day use and includes a shared lobby, a reception area, four private offices, a private restroom, kitchenette, and additional storage space. The suite also features high-end finishes such as custom solid wood doors, trim, and blinds.
The building is equipped with Quantum Fiber for business connectivity. The property is located conveniently just off C-470 and Bowles Avenue, providing straightforward access for clients and employees.
With its defined, private layout and dedicated in-suite amenities, this condo offers a turnkey configuration for offices that require multiple enclosed workspaces within a maintained building setting.
The building is equipped with Quantum Fiber for business connectivity. The property is located conveniently just off C-470 and Bowles Avenue, providing straightforward access for clients and employees.
With its defined, private layout and dedicated in-suite amenities, this condo offers a turnkey configuration for offices that require multiple enclosed workspaces within a maintained building setting.
Key Highlights
- 1,276 SF office condo in Littleton with shared lobby and private reception area
- Includes four private offices, a private restroom, kitchenette, and additional storage
- Built in 2006 and has concrete roof
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
$22,236
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
6.22%
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%
$444,720
$444.7K
Cap Rate 7%
$317,657
$317.7K
Cap Rate 9%
$247,067
$247.1K
Market Conditions
NOI Build-Up for 1,276 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
$35.7K $27.96/SF
− Vacancy
−$6.0K −$4.73/SF
EGI
$29.6K $23.23/SF
− OpEx
−$7.4K −$5.81/SF
NOI
$22.2K $17.43/SF
Area
Douglas County, CO
Vacancy
16.90%
Lease Rate
$27.96 /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%
$444,720
Cap Rate 7%
$317,657
Cap Rate 9%
$247,067
Alternative Uses
Best Use
Office B
$317.7K
$278.0K – $370.6K
NOI $22,236 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.3K
$383.5K – $511.3K
NOI $30,680 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
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 - Office condo with shared lobby, four private offices, private restroom, kitchenette, storage, and Quantum Fiber connectivity.
Where is this office units located?
The property is located at 13976 Bowles Avenue Littleton, CO.
What is the asking price?
The asking price for this property is $357,740.
What are key features of this property?
This property features: 1,276 SF office condo in Littleton with shared lobby and private reception area; Includes four private offices, a private restroom, kitchenette, and additional storage; Built in 2006 and has concrete roof
