Corner Office
New
For Sale
$890,000
15401 W 9th Avenue, Golden, CO 80401
C-2-zoned office property with reception, private offices, conference rooms, and on-site parking.
Property Size5,156 SF
Days on Market3
Property Features for 15401 W 9th Avenue
General Information
Standard status
Active
Size
5,156 SF
Class
C
Total Parking Spaces
1
Property subtype
Commercial
Zoning
C-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,956
Amenities
reception area
conference rooms
Building Details
Building Size
5,156 SF
Year Built
1980
Units
11
Listing Agency:
CENTURY 21 Dream Home
(720) 556-3737
Listed By:
Rose Yocom
(720) 556-3737
Source:
Coloradopartners
Added: Aug 21
Changed: Aug 23
Last Checked: Aug 23 at 12:08PM
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 CENTURY 21 Dream Home
Investment Insights
Based on property information with market context.
Built in 1980, this office building occupies a corner lot and provides a practical layout for professional operations. The interior includes a reception area, offices, and conference rooms, supported by on-site parking. C-2 zoning adds a defined commercial-use framework for the property.
The building is positioned near I-70 and Colorado Mills in Golden, providing access to a recognized regional retail destination and the interstate corridor.
The building is positioned near I-70 and Colorado Mills in Golden, providing access to a recognized regional retail destination and the interstate corridor.
Key Highlights
- C‑2 zoning supports commercial office use
- Corner‑lot office building constructed in 1980
- Reception area, offices, and conference rooms
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
$69,483
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
7.81%
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%
$1,389,660
$1.4M
Cap Rate 7%
$992,614
$992.6K
Cap Rate 9%
$772,033
$772.0K
Market Conditions
NOI Build-Up for 5,156 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
$104.6K $20.28/SF
− Vacancy
−$11.9K −$2.31/SF
EGI
$92.6K $17.97/SF
− OpEx
−$23.2K −$4.49/SF
NOI
$69.5K $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%
$1,389,660
Cap Rate 7%
$992,614
Cap Rate 9%
$772,033
Alternative Uses
Best Use
Office B
$992.6K
$868.5K – $1.16M
NOI $69,483 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.47M
$10.04M – $13.39M
NOI $803,178 @ 7.0% cap · market cap 90.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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 - C-2-zoned office property with reception, private offices, conference rooms, and on-site parking.
Where is this office building located?
The property is located at 15401 W 9th Avenue Golden, 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: C‑2 zoning supports commercial office use; Corner‑lot office building constructed in 1980; Reception area, offices, and conference rooms
