Freestanding Downtown Office
For Sale
Contact for pricing
1860 W Littleton Blvd, Littleton, CO 80120
Freestanding office building with elevator access, private offices, open work area, and rear off-street parking.
Property Size2,687 SF
Price / SF$465.20
Days on Market147
Property Features for 1860 W Littleton Blvd
General Information
Standard status
Active
Size
2,687 SF
Property subtype
OFFICE
Listing Agency:
Kentwood Commercial, LLC
(303) 773-3399
Listed By:
Kyle Malnati · License #40042617
(303) 358-4250
Source:
Moodyscre
Added: Apr 15
Changed: Aug 25
Last Checked: Aug 14 at 7:41AM
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 Kentwood Commercial, LLC
Investment Insights
Based on property information with market context.
This freestanding office building features a main level and a fully finished basement with a separate entrance. Inside, the layout includes eight private offices, an open work area, a reception and conference area, a full kitchen, two restrooms, and storage. Elevator access connects the levels, and the space provides abundant natural light and air conditioning. An outdoor lift is located on the back porch for accessibility.
The property is situated in downtown Littleton with prominent signage and excellent visibility. Rear off-street parking is available with convenient access for occupants and visitors.
The property is situated in downtown Littleton with prominent signage and excellent visibility. Rear off-street parking is available with convenient access for occupants and visitors.
Key Highlights
- Freestanding office building in downtown Littleton with prominent signage and high visibility
- Main level plus fully finished basement, connected by elevator, with separate basement entrance
- Layout includes 8 private offices, open work area, reception/conference area, and full kitchen
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
$46,824
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
3.75%
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%
$936,480
$936.5K
Cap Rate 7%
$668,914
$668.9K
Cap Rate 9%
$520,267
$520.3K
Market Conditions
NOI Build-Up for 2,687 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
$75.1K $27.96/SF
− Vacancy
−$12.7K −$4.73/SF
EGI
$62.4K $23.23/SF
− OpEx
−$15.6K −$5.81/SF
NOI
$46.8K $17.43/SF
Area
Douglas County, CO
Vacancy
16.90%
Lease Rate
$27.96 /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%
$936,480
Cap Rate 7%
$668,914
Cap Rate 9%
$520,267
Alternative Uses
Best Use
Office B
$668.9K
$585.3K – $780.4K
NOI $46,824 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.9K
$807.6K – $1.08M
NOI $64,605 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
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 building - Freestanding office building with elevator access, private offices, open work area, and rear off-street parking.
Where is this office building located?
The property is located at 1860 W Littleton Blvd Littleton, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Freestanding office building in downtown Littleton with prominent signage and high visibility; Main level plus fully finished basement, connected by elevator, with separate basement entrance; Layout includes 8 private offices, open work area, reception/conference area, and full kitchen
