Contiguous Office Condominium
For Sale
Contact for pricing
18335 E 103rd Ave Units #201 & #202, Commerce City, CO 80022
Two connected suites provide private offices, collaborative areas, meeting rooms, restrooms, storage, and reception foyers.
Property Size4,154 SF
Price / SF$375
Days on Market115
Property Features for 18335 E 103rd Ave Units #201 & #202
General Information
Standard status
Active
Size
4,154 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Additional Details
Office Units
2
Building Details
Year Built
2010
Listing Agency:
Keller Williams Preferred Realty Westminster
(303) 469-8821
Listed By:
Eric Fritzke · License #CO FA.040009645
Source:
Crexi
Added: May 8
Changed: Aug 29
Last Checked: Aug 29 at 1:49PM
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 Preferred Realty Westminster
Investment Insights
Based on property information with market context.
Units #201 and #202 comprise a connected office condominium offering 4,154 square feet within Reunion Village Office Plaza. Constructed in 2010, the combined space includes private offices, open work areas, meeting rooms, dedicated restrooms, storage, and foyer areas. The arrangement accommodates distinct departmental functions while maintaining internal connectivity between the suites.
The property is located at 18335 E 103rd Ave in Commerce City, Colorado. Its configuration and existing improvements support office-based operations requiring a combination of enclosed rooms, shared work areas, meeting space, and dedicated restroom facilities. The two-unit setup also provides a unified footprint for an occupant seeking control of adjacent office space.
The property is located at 18335 E 103rd Ave in Commerce City, Colorado. Its configuration and existing improvements support office-based operations requiring a combination of enclosed rooms, shared work areas, meeting space, and dedicated restroom facilities. The two-unit setup also provides a unified footprint for an occupant seeking control of adjacent office space.
Key Highlights
- Two contiguous office condominium units totaling 4,154 square feet
- Constructed in 2010
- Multiple private offices and open work areas
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
$88,054
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
5.65%
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%
$1,761,080
$1.8M
Cap Rate 7%
$1,257,914
$1.3M
Cap Rate 9%
$978,378
$978.4K
Market Conditions
NOI Build-Up for 4,154 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
$173.5K $41.76/SF
− Vacancy
−$26.7K −$6.43/SF
EGI
$146.8K $35.33/SF
− OpEx
−$58.7K −$14.13/SF
NOI
$88.1K $21.20/SF
Area
Adams County, CO
Vacancy
15.40%
Lease Rate
$41.76 /SF/Yr
Expense Ratio
40.00%
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%
$1,761,080
Cap Rate 7%
$1,257,914
Cap Rate 9%
$978,378
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,054 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$1.07M
$939.3K – $1.25M
NOI $75,146 @ 7.0% cap · market cap 4.82%
Theoretical Best
Multifamily LT 5
$61.12M
$53.48M – $71.30M
NOI $4,278,261 @ 7.0% cap · market cap 274.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two connected suites provide private offices, collaborative areas, meeting rooms, restrooms, storage, and reception foyers.
Where is this office units located?
The property is located at 18335 E 103rd Ave Units #201 & #202 Commerce City, CO.
What is the asking price?
The asking price for this property is $1,557,750.
What are key features of this property?
This property features: Two contiguous office condominium units totaling 4,154 square feet; Constructed in 2010; Multiple private offices and open work areas
