Office Condominium
For Sale
Contact for pricing
1800 Glenarm Pl, Denver, CO 80202
Office condo on the 9th floor with updated common-area finishes and building amenities including conference rooms and fitness facilities.
Property Size3,285 SF
Price / SF$350.08
Days on Market386
Property Features for 1800 Glenarm Pl
General Information
Standard status
Active
Size
3,285 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
common conference rooms
kitchen
fitness center with showers/lockers
Listing Agency:
JLL | Denver
(303) 260-6500
Listed By:
Kurt Liss · License #EA.040009038
(303) 390-5255
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Sep 9
Last Checked: Sep 10 at 12:05PM
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 JLL | Denver
Investment Insights
Based on property information with market context.
This office condominium suite is located on the 9th floor and is offered in sizes ranging from 1,491 to 3,285 square feet. The building includes updated finishes in the common hallway and bathrooms. Building amenities feature common conference rooms, a kitchen, and a fitness center with showers and lockers.
The property is in a prime CBD setting at 1800 Glenarm Pl in Denver. It is within walking distance to the 20th and Welton Light Rail Stop, with easy access to major roadways including I-25, West Colfax Avenue, Speer Boulevard, and North Broadway. Abundant parking alternatives are available in the immediate area surrounding the building, and numerous restaurants and retail amenities are nearby.
Suites at this office condominium building provide a higher-floor workspace with great views, supported by shared conference and wellness amenities on-site.
The property is in a prime CBD setting at 1800 Glenarm Pl in Denver. It is within walking distance to the 20th and Welton Light Rail Stop, with easy access to major roadways including I-25, West Colfax Avenue, Speer Boulevard, and North Broadway. Abundant parking alternatives are available in the immediate area surrounding the building, and numerous restaurants and retail amenities are nearby.
Suites at this office condominium building provide a higher-floor workspace with great views, supported by shared conference and wellness amenities on-site.
Key Highlights
- 9th‑floor office condo with 1,491 SF–3,285 SF available
- Updated finishes in the common hallway and bathrooms
- Building amenities include common conference rooms, kitchen, and fitness center with showers/lockers
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
$48,132
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
4.19%
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%
$962,640
$962.6K
Cap Rate 7%
$687,600
$687.6K
Cap Rate 9%
$534,800
$534.8K
Market Conditions
NOI Build-Up for 3,285 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
$86.7K $26.40/SF
− Vacancy
−$22.5K −$6.86/SF
EGI
$64.2K $19.54/SF
− OpEx
−$16.0K −$4.88/SF
NOI
$48.1K $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%
$962,640
Cap Rate 7%
$687,600
Cap Rate 9%
$534,800
Alternative Uses
Best Use
Office B
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.0K – $1.22M
NOI $73,201 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13,479
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office units - Office condo on the 9th floor with updated common-area finishes and building amenities including conference rooms and fitness facilities.
Where is this office units located?
The property is located at 1800 Glenarm Pl Denver, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 9th‑floor office condo with 1,491 SF–3,285 SF available; Updated finishes in the common hallway and bathrooms; Building amenities include common conference rooms, kitchen, and fitness center with showers/lockers
