Office Building with On-Site
For Sale
$825,000
2043 York Street, Denver, CO 80205
Two-level office layout includes private offices, conference space, reception, and a landscaped patio.
Property Size3,552 SF
Price / SF$232.26
Days on Market187
Property Features for 2043 York Street
General Information
Standard status
Active
Size
3,552 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$16,299
Amenities
3
Composition
7 Parking Spaces. Concrete Driveway.
Building Details
Year Built
1955
Listing Agency:
RE/MAX of Boulder
(303) 570-8655
Listed By:
Jed MacArthur · License #40025529
(303) 570-8655
Source:
Xome
Added: Feb 24
Changed: Aug 30
Last Checked: Aug 30 at 12:57AM
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 RE/MAX of Boulder
Investment Insights
Based on property information with market context.
This two-level office building provides a mix of private and shared work areas. The main floor includes 3 private offices, a conference room, reception area, living room, casual gathering space, and a full restroom. The lower level adds 4 private offices, a common area sized for 3 desks, another restroom, storage, and a mechanical room. Tall ceilings, a brand-new A/C unit, a front porch, and a landscaped patio contribute to the property’s functional office configuration. The building was constructed in 1955 and includes 7 parking spaces.
The property sits directly across from Denver’s City Park, with access to Capitol Hill, LoDo, Larimer Square, RiNo, and I-70. It is positioned within a commercial pocket occupied by law firms and CPAs. Exterior details include a concrete driveway and mural art along the parking-lot side.
The property sits directly across from Denver’s City Park, with access to Capitol Hill, LoDo, Larimer Square, RiNo, and I-70. It is positioned within a commercial pocket occupied by law firms and CPAs. Exterior details include a concrete driveway and mural art along the parking-lot side.
Key Highlights
- 3,552 property size; constructed in 1955
- 7 parking spaces with concrete driveway
- Main floor has 3 private offices and a conference room
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
$52,044
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
6.31%
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%
$1,040,880
$1.0M
Cap Rate 7%
$743,486
$743.5K
Cap Rate 9%
$578,267
$578.3K
Market Conditions
NOI Build-Up for 3,552 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
$93.8K $26.40/SF
− Vacancy
−$24.4K −$6.86/SF
EGI
$69.4K $19.54/SF
− OpEx
−$17.3K −$4.88/SF
NOI
$52.0K $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%
$1,040,880
Cap Rate 7%
$743,486
Cap Rate 9%
$578,267
Alternative Uses
Best Use
Office B
$743.5K
$650.6K – $867.4K
NOI $52,044 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.4K – $1.32M
NOI $79,151 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-level office layout includes private offices, conference space, reception, and a landscaped patio.
Where is this office building located?
The property is located at 2043 York Street Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,552 property size; constructed in 1955; 7 parking spaces with concrete driveway; Main floor has 3 private offices and a conference room
