Office Building on Pearl
For Sale
Contact for pricing
1550 S Pearl St, Denver, CO 80210
Office building for sale with 6,400 SF and access to nearby I-25, Wash Park, DU, and S. Broadway.
Property Size6,400 SF
Price / SF$467.97
Days on Market246
Property Features for 1550 S Pearl St
General Information
Standard status
Active
Size
6,400 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Apex Real Estate Advisors
(720) 440-2156
Listed By:
Jeremiah Maupin · License #ER.040039836
(303) 819-9135
Source:
Moodyscre
Added: Jan 2
Changed: Aug 11
Last Checked: Jul 22 at 3:52AM
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 Apex Real Estate Advisors
Investment Insights
Based on property information with market context.
This office building for sale offers 6,400 square feet of commercial space and is positioned for owner-users, investors, or developers. The property is presented as a value-add opportunity, with flexibility for an end user or continued development-oriented planning.
The building is located on S. Pearl Street, with adjacency to I-25 and nearby proximity to Wash Park, DU, and S. Broadway. This positioning supports a mix of retail, dining, and office activity in the surrounding area.
The building is located on S. Pearl Street, with adjacency to I-25 and nearby proximity to Wash Park, DU, and S. Broadway. This positioning supports a mix of retail, dining, and office activity in the surrounding area.
Key Highlights
- Office building for sale with 6,400 SF
- Located on S. Pearl Street with access to nearby I‑25
- Close to Wash Park
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
$93,773
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
3.13%
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%
$1,875,460
$1.9M
Cap Rate 7%
$1,339,614
$1.3M
Cap Rate 9%
$1,041,922
$1.0M
Market Conditions
NOI Build-Up for 6,400 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
$169.0K $26.40/SF
− Vacancy
−$43.9K −$6.86/SF
EGI
$125.0K $19.54/SF
− OpEx
−$31.3K −$4.88/SF
NOI
$93.8K $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 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%
$1,875,460
Cap Rate 7%
$1,339,614
Cap Rate 9%
$1,041,922
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,773 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,615 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale with 6,400 SF and access to nearby I-25, Wash Park, DU, and S. Broadway.
Where is this office building located?
The property is located at 1550 S Pearl St Denver, CO.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Office building for sale with 6,400 SF; Located on S. Pearl Street with access to nearby I‑25; Close to Wash Park
