Renovated Historic Office
For Sale
Contact for pricing
1718 Gaylord St, Denver, CO 80206
Renovated in 2022 with 7 offices, modern electrical and air conditioning, and stained-glass and woodwork details.
Property Size3,420 SF
Price / SF$277.78
Days on Market308
Property Features for 1718 Gaylord St
General Information
Standard status
Active
Size
3,420 SF
Property subtype
OFFICE
Building Details
Year Renovated
2022
Listing Agency:
BellStreet
(303) 731-5800
Listed By:
Calvin Graves · License #FA100107556
(317) 523-2397
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Sep 6
Last Checked: Sep 8 at 3:28AM
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 BellStreet
Investment Insights
Based on property information with market context.
This historic office building offers an office and bath layout with 7 offices and 3 bathrooms. Interior character is highlighted by stained glass and woodwork, supported by upgrades completed in 2022. The property also features modern electrical and air conditioning for day-to-day comfort.
Off-street parking is available with 4+ parking spots, supporting tenant and visitor access.
With its combination of historic details, recent renovations, and a multi-office configuration, the building can be a practical fit for office users seeking defined rooms rather than open-plan space.
Off-street parking is available with 4+ parking spots, supporting tenant and visitor access.
With its combination of historic details, recent renovations, and a multi-office configuration, the building can be a practical fit for office users seeking defined rooms rather than open-plan space.
Key Highlights
- Renovated in 2022 with modern electrical and air conditioning
- Historic designation with stained glass and woodwork
- 7 offices and 3 bathrooms
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
$50,110
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
5.27%
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%
$1,002,200
$1.0M
Cap Rate 7%
$715,857
$715.9K
Cap Rate 9%
$556,778
$556.8K
Market Conditions
NOI Build-Up for 3,420 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
$90.3K $26.40/SF
− Vacancy
−$23.5K −$6.86/SF
EGI
$66.8K $19.54/SF
− OpEx
−$16.7K −$4.88/SF
NOI
$50.1K $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%
$1,002,200
Cap Rate 7%
$715,857
Cap Rate 9%
$556,778
Alternative Uses
Best Use
Office B
$715.9K
$626.4K – $835.2K
NOI $50,110 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.6K – $1.27M
NOI $76,210 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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 - Renovated in 2022 with 7 offices, modern electrical and air conditioning, and stained-glass and woodwork details.
Where is this office building located?
The property is located at 1718 Gaylord St Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Renovated in 2022 with modern electrical and air conditioning; Historic designation with stained glass and woodwork; 7 offices and 3 bathrooms
