Flexible Office
For Sale
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1860 S Federal Blvd, Denver, CO 80219
Converted structure with multiple main-level rooms and basement space for storage or workspace.
Property Size1,000 SF
Lot Size0.20 Acres
Price / SF$475
Days on Market131
Property Features for 1860 S Federal Blvd
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
12
Lot size
0.20 Acres
Property subtype
Retail, Office
Zoning
E-MX-3
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty DTC Llc
(303) 771-7500
Listed By:
Jennifer Mussato · License #CO FA100038131
Source:
Crexi
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 8:42PM
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 Realty DTC Llc
Investment Insights
Based on property information with market context.
This office property occupies a converted residential structure configured for professional or service-oriented use. The main level includes multiple rooms, while the basement adds space for storage, workspace, or future customization. The existing layout supports immediate office occupancy without limiting future reconfiguration.
The site encompasses approximately 0.20 acres and provides approximately 60 feet of frontage along South Federal Boulevard. The property includes approximately 1,000 of stated property size, although the source does not identify the applicable unit. Its location in Denver places the asset along a commercial corridor with access to surrounding neighborhoods and major thoroughfares.
The site encompasses approximately 0.20 acres and provides approximately 60 feet of frontage along South Federal Boulevard. The property includes approximately 1,000 of stated property size, although the source does not identify the applicable unit. Its location in Denver places the asset along a commercial corridor with access to surrounding neighborhoods and major thoroughfares.
Key Highlights
- Approximately 60 feet of frontage on South Federal Boulevard
- Approximately 0.20‑acre site in Denver
- Converted residential structure currently used as office space
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
$16,889
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
3.56%
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%
$337,780
$337.8K
Cap Rate 7%
$241,271
$241.3K
Cap Rate 9%
$187,656
$187.7K
Market Conditions
NOI Build-Up for 1,000 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
$26.4K $26.40/SF
− Vacancy
−$3.9K −$3.88/SF
EGI
$22.5K $22.52/SF
− OpEx
−$5.6K −$5.63/SF
NOI
$16.9K $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%
$337,780
Cap Rate 7%
$241,271
Cap Rate 9%
$187,656
Alternative Uses
Best Use
Office B
$241.3K
$211.1K – $281.5K
NOI $16,889 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.3K
$249.6K – $332.8K
NOI $19,968 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office units - Converted structure with multiple main-level rooms and basement space for storage or workspace.
Where is this office units located?
The property is located at 1860 S Federal Blvd Denver, CO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 60 feet of frontage on South Federal Boulevard; Approximately 0.20‑acre site in Denver; Converted residential structure currently used as office space
