Upper-Floor Office
New
For Sale
$380,205
1800 Glenarm Pl Unit 1203, Denver, CO 80202
Corner office suite with reception, kitchenette, and shared conference amenities.
Property Size1,491 SF
Price / SF$255
Days on Market3
Property Features for 1800 Glenarm Pl Unit 1203
General Information
Standard status
Active
Size
1,491 SF
Elevators
Yes
Additional Details
Floor
12
Public Transit
Yes
Amenities
Common Fitness Center
Conference Rooms
Building Details
Year Built
1980
Listing Agency:
Keller Williams Advantage Realty LLC
Listed By:
Ryan Devin · License #10401291865
(303) 986-4300
Source:
Pathhometeam
Added: Sep 8
Last Checked: Sep 9 at 10:26PM
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 Keller Williams Advantage Realty LLC
Investment Insights
Based on property information with market context.
This 1,491-square-foot office suite occupies the 12th floor and includes four private offices, a reception area, kitchenette, meeting space, and a corner office with city views. Secured building entry and elevator access support daily operations, while shared fitness and conference facilities add workplace amenities.
The property is located at 1800 Glenarm Pl in Denver’s Central Business District. The surrounding area records a Walk Score of 98, with restaurants, shops, cafés, and entertainment nearby. A Transit Score of 83 reflects access to area light rail and bus service. The building was completed in 1980, and the suite is offered for sale or lease.
The property is located at 1800 Glenarm Pl in Denver’s Central Business District. The surrounding area records a Walk Score of 98, with restaurants, shops, cafés, and entertainment nearby. A Transit Score of 83 reflects access to area light rail and bus service. The building was completed in 1980, and the suite is offered for sale or lease.
Key Highlights
- 1,491‑square‑foot office suite on the 12th floor
- Four private offices plus reception, kitchenette, and meeting area
- Corner office with city views
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
$21,846
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
5.75%
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%
$436,920
$436.9K
Cap Rate 7%
$312,086
$312.1K
Cap Rate 9%
$242,733
$242.7K
Market Conditions
NOI Build-Up for 1,491 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
$39.4K $26.40/SF
− Vacancy
−$10.2K −$6.86/SF
EGI
$29.1K $19.54/SF
− OpEx
−$7.3K −$4.88/SF
NOI
$21.8K $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%
$436,920
Cap Rate 7%
$312,086
Cap Rate 9%
$242,733
Alternative Uses
Best Use
Office B
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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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 - Corner office suite with reception, kitchenette, and shared conference amenities.
Where is this office units located?
The property is located at 1800 Glenarm Pl Unit 1203 Denver, CO.
What is the asking price?
The asking price for this property is $380,205.
What are key features of this property?
This property features: 1,491‑square‑foot office suite on the 12th floor; Four private offices plus reception, kitchenette, and meeting area; Corner office with city views
