Freestanding Converted Office
For Sale
Contact for pricing
1979 W Littleton Blvd, Littleton, CO 80120
Well-maintained office building with updated exterior paint and newly installed windows and exterior doors.
Property Size3,320 SF
Price / SF$329.82
Days on Market215
Property Features for 1979 W Littleton Blvd
General Information
Standard status
Active
Size
3,320 SF
Property subtype
OFFICE
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
Eric Shaw · License #FA40016996
(303) 962-9551
Source:
Moodyscre
Added: Feb 9
Changed: Aug 12
Last Checked: Sep 11 at 11:48AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This freestanding converted office building offers a well-maintained interior and an exterior that has recently been improved, including recent exterior painting and newly installed windows and exterior doors.
The property provides excellent visibility off Littleton Blvd and is located within walking distance of Downtown Littleton.
Converted for office use, the building is suited for owner-users or investors seeking a standalone office asset in a submarket described as having minimal inventory.
The property provides excellent visibility off Littleton Blvd and is located within walking distance of Downtown Littleton.
Converted for office use, the building is suited for owner-users or investors seeking a standalone office asset in a submarket described as having minimal inventory.
Key Highlights
- Freestanding converted office building
- Excellent visibility off Littleton Blvd
- Well‑maintained building
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
$57,855
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
5.28%
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%
$1,157,100
$1.2M
Cap Rate 7%
$826,500
$826.5K
Cap Rate 9%
$642,833
$642.8K
Market Conditions
NOI Build-Up for 3,320 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
$92.8K $27.96/SF
− Vacancy
−$15.7K −$4.73/SF
EGI
$77.1K $23.23/SF
− OpEx
−$19.3K −$5.81/SF
NOI
$57.9K $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%
$1,157,100
Cap Rate 7%
$826,500
Cap Rate 9%
$642,833
Alternative Uses
Best Use
Office B
$826.5K
$723.2K – $964.3K
NOI $57,855 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$997.8K – $1.33M
NOI $79,825 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with updated exterior paint and newly installed windows and exterior doors.
Where is this office building located?
The property is located at 1979 W Littleton Blvd Littleton, CO.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Freestanding converted office building; Excellent visibility off Littleton Blvd; Well‑maintained building
