Office Units
For Sale
$995,000
1840 S Federal Boulevard, Denver, CO 80219
Currently used by a CPA and insurance company, offering adaptable office space in Denver.
Property Size4,513 SF
Days on Market26
Property Features for 1840 S Federal Boulevard
General Information
Standard status
Active
Size
4,513 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
E-MX-3
Taxes and HOA fees
Annual Taxes
$17,879
Building Details
Building Size
4,513 SF
Year Built
1988
Units
1
Listing Agency:
All Pro Realty Inc
(303) 691-1777
Listed By:
Benjamin Cheang · License #1319626
(303) 691-1777
Source:
Coloradopartners
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 23 at 12:45PM
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 All Pro Realty Inc
Investment Insights
Based on property information with market context.
This office units building was built in 1988 and is currently used by a CPA and insurance company. The existing layout supports professional office operations, with space that can also be adapted for other office-oriented uses.
Located at 1840 S Federal Boulevard in Denver, CO 80219, the property is set up for companies that need dedicated workspace for staff and client-facing operations.
With its established office configuration and versatile operational fit, the building may be well suited for professional tenants seeking an office location on S Federal Boulevard.
Located at 1840 S Federal Boulevard in Denver, CO 80219, the property is set up for companies that need dedicated workspace for staff and client-facing operations.
With its established office configuration and versatile operational fit, the building may be well suited for professional tenants seeking an office location on S Federal Boulevard.
Key Highlights
- Built in 1988
- Currently used by a CPA and insurance company
- Office units building with adaptable space for professional uses
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
$76,222
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
7.66%
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%
$1,524,440
$1.5M
Cap Rate 7%
$1,088,886
$1.1M
Cap Rate 9%
$846,911
$846.9K
Market Conditions
NOI Build-Up for 4,513 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
$119.1K $26.40/SF
− Vacancy
−$17.5K −$3.88/SF
EGI
$101.6K $22.52/SF
− OpEx
−$25.4K −$5.63/SF
NOI
$76.2K $16.89/SF
Area
ZIP 80219
Vacancy
14.70%
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%
$1,524,440
Cap Rate 7%
$1,088,886
Cap Rate 9%
$846,911
Alternative Uses
Best Use
Office B
$1.09M
$952.8K – $1.27M
NOI $76,222 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,116 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Currently used by a CPA and insurance company, offering adaptable office space in Denver.
Where is this office units located?
The property is located at 1840 S Federal Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Built in 1988; Currently used by a CPA and insurance company; Office units building with adaptable space for professional uses
