Office Building with Private
For Sale
Contact for pricing
1866 Vine Street, Denver, CO 80206
Owner-user office property with separate work areas, meeting space, and parking access in Denver’s City Park neighborhood.
Property Size2,172 SF
Price / SF$276.24
Days on Market136
Property Features for 1866 Vine Street
General Information
Standard status
Active
Size
2,172 SF
Property subtype
Office, Mixed Use
Building Details
Year Built
1958
Stories
2
Units
1
Listing Agency:
AXIO Commercial Real Estate
Listed By:
John Livaditis · License #CO 40012677
(303) 592-7300
Source:
Crexi
Added: Apr 20
Changed: Sep 2
Last Checked: Sep 1 at 7:07AM
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 AXIO Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,172 SF office building offers a practical owner-user configuration with multiple private offices and distinct reception and conference areas. The arrangement supports separation between individual workspaces and shared functions, making the property suitable for professional services, creative office, or a boutique firm. Built in 1958, the building combines an established structure with a functional office layout.
Parking is available off street behind the building, with additional street parking in the surrounding area. The property is situated in Denver’s City Park neighborhood near City Park, restaurants, and neighborhood amenities, with access to downtown, Cherry Creek, and major traffic arteries. Its location and internal separation provide a workable setting for an office user seeking a dedicated commercial address.
Parking is available off street behind the building, with additional street parking in the surrounding area. The property is situated in Denver’s City Park neighborhood near City Park, restaurants, and neighborhood amenities, with access to downtown, Cherry Creek, and major traffic arteries. Its location and internal separation provide a workable setting for an office user seeking a dedicated commercial address.
Key Highlights
- 2,172 SF office building suited to an owner‑user
- Private offices with separate reception and conference areas
- Off‑street parking behind the building plus street parking
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
$31,824
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
5.30%
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%
$636,480
$636.5K
Cap Rate 7%
$454,629
$454.6K
Cap Rate 9%
$353,600
$353.6K
Market Conditions
NOI Build-Up for 2,172 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
$57.3K $26.40/SF
− Vacancy
−$14.9K −$6.86/SF
EGI
$42.4K $19.54/SF
− OpEx
−$10.6K −$4.88/SF
NOI
$31.8K $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%
$636,480
Cap Rate 7%
$454,629
Cap Rate 9%
$353,600
Alternative Uses
Best Use
Office B
$454.6K
$397.8K – $530.4K
NOI $31,824 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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 building - Owner-user office property with separate work areas, meeting space, and parking access in Denver’s City Park neighborhood.
Where is this office building located?
The property is located at 1866 Vine Street Denver, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,172 SF office building suited to an owner‑user; Private offices with separate reception and conference areas; Off‑street parking behind the building plus street parking
