Office Condominium with Private
For Sale
Contact for pricing
19647 Solar Circle Unit B102, Parker, CO 80134
Interior buildout includes private offices, tall ceilings, and dual ADA-compliant restrooms.
Property Size1,535 SF
Price / SF$364.82
Days on Market87
Property Features for 19647 Solar Circle Unit B102
General Information
Standard status
Active
Size
1,535 SF
Net Rentable
1,535 SF
Property subtype
Office
Zoning
Commercial / Professional Office
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Listing Agency:
Real Broker LLC
(303) 968-7047
Listed By:
Lance Somerville · License #CO FA100048193
Source:
Crexi
Added: Jun 5
Changed: Aug 30
Last Checked: Aug 30 at 4:05AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This office condominium at 19647 Solar Circle, Unit B102, provides 1,535 RSF of professionally built-out workspace. The interior includes polished concrete floors, tall ceilings, private offices, dual ADA-compliant restrooms, and a galley kitchen. The configuration is identified as suitable for medical, wellness, corporate, and technology users.
The property is zoned Commercial / Professional Office and was built in 2008. Its Parker, Colorado location places it near South Parker Road (Hwy 83) and E-470, with regional connections to the Denver metropolitan area, Denver International Airport, and Douglas County neighborhoods.
The property is zoned Commercial / Professional Office and was built in 2008. Its Parker, Colorado location places it near South Parker Road (Hwy 83) and E-470, with regional connections to the Denver metropolitan area, Denver International Airport, and Douglas County neighborhoods.
Key Highlights
- 1,535 RSF office condominium at 19647 Solar Circle, Unit B102
- Commercial / Professional Office zoning
- Private offices with polished concrete floors and tall ceilings
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
$26,749
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
4.78%
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%
$534,980
$535.0K
Cap Rate 7%
$382,129
$382.1K
Cap Rate 9%
$297,211
$297.2K
Market Conditions
NOI Build-Up for 1,535 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
$42.9K $27.96/SF
− Vacancy
−$7.3K −$4.73/SF
EGI
$35.7K $23.23/SF
− OpEx
−$8.9K −$5.81/SF
NOI
$26.7K $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%
$534,980
Cap Rate 7%
$382,129
Cap Rate 9%
$297,211
Alternative Uses
Best Use
Office B
$382.1K
$334.4K – $445.8K
NOI $26,749 @ 7.0% cap · market cap 4.78%
Second Best
Healthcare Medical
$314.7K
$275.4K – $367.2K
NOI $22,030 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 80134, CO
76,369
Population
28,663
Households
2.7
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
57.3 sq mi
ZIP Area
1,333
Density / Sq Mi
$142,162
Median Household Income
$66,327
Median Earnings
$2,027
Median Rent
$643,200
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 - Interior buildout includes private offices, tall ceilings, and dual ADA-compliant restrooms.
Where is this office units located?
The property is located at 19647 Solar Circle Unit B102 Parker, CO.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,535 RSF office condominium at 19647 Solar Circle, Unit B102; Commercial / Professional Office zoning; Private offices with polished concrete floors and tall ceilings
