Top-Floor Office
For Sale
Contact for pricing
1660 17th Street, Denver, CO 80202
Move-in ready professional suite with private offices, meeting rooms, reception, kitchen, and dedicated restrooms.
Property Size5,268 SF
Price / SF$395.03
Days on Market9
Property Features for 1660 17th Street
General Information
Standard status
Active
Size
5,268 SF
Class
B
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
4
Office Units
1
Building Details
Year Built
1910
Year Renovated
2018
Buildings
1
Stories
4
Units
2
Construction
brick
Listing Agency:
Makers Real Estate
Listed By:
Caleb Vigil · License #CO
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 4:28AM
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 Makers Real Estate
Investment Insights
Based on property information with market context.
This 5,268-square-foot office condominium occupies the top floor of a historic brick building constructed in 1910. The interior includes ten private offices, two conference rooms, reception and waiting areas, a copy/work room, server room, full kitchen, and private restrooms. Carpet, lighting, millwork, and HVAC are in working order, supporting immediate occupancy by an owner-user.
The property is at 1660 17th Street, directly across from Denver Union Station. Coors Field is two blocks away, LoDo dining is a five-minute walk, and I-25 can be reached within a five-minute drive. Suite 450 may be purchased together with adjacent Suite 400, providing an option for users seeking the entire fourth floor.
The property is at 1660 17th Street, directly across from Denver Union Station. Coors Field is two blocks away, LoDo dining is a five-minute walk, and I-25 can be reached within a five-minute drive. Suite 450 may be purchased together with adjacent Suite 400, providing an option for users seeking the entire fourth floor.
Key Highlights
- 5,268 SF office condominium in a historic 1910 brick building
- Ten private offices and two conference rooms
- Full kitchen, copy/work room, server room, and private restrooms
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
$77,187
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
3.71%
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%
$1,543,740
$1.5M
Cap Rate 7%
$1,102,671
$1.1M
Cap Rate 9%
$857,633
$857.6K
Market Conditions
NOI Build-Up for 5,268 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
$139.1K $26.40/SF
− Vacancy
−$36.2K −$6.86/SF
EGI
$102.9K $19.54/SF
− OpEx
−$25.7K −$4.88/SF
NOI
$77.2K $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%
$1,543,740
Cap Rate 7%
$1,102,671
Cap Rate 9%
$857,633
Alternative Uses
Best Use
Office B
$1.10M
$964.8K – $1.29M
NOI $77,187 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,390 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10,994
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
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 units - Move-in ready professional suite with private offices, meeting rooms, reception, kitchen, and dedicated restrooms.
Where is this office units located?
The property is located at 1660 17th Street Denver, CO.
What is the asking price?
The asking price for this property is $2,081,000.
What are key features of this property?
This property features: 5,268 SF office condominium in a historic 1910 brick building; Ten private offices and two conference rooms; Full kitchen, copy/work room, server room, and private restrooms
