New-Construction Duplex with Rooftop
For Sale
$1,075,000
2137 S Sherman St, Denver, CO 80210
Contemporary duplex featuring upscale finishes, flexible living areas, and a detached two-car garage.
Property Size2,534 SF
Days on Market140
Property Features for 2137 S Sherman St
General Information
Standard status
Active
Size
2,534 SF
Total Parking Spaces
2
Property subtype
Duplex
Amenities
wet bar
rooftop deck
fireplace
Building Details
Building Size
2,534 SF
Year Built
2026
Stories
3
Listing Agency:
Madison \u0026 Company Properties
(720) 445-2468
Listed By:
Brett Zuckerman
(720) 445-2468
Source:
Corken
Added: Apr 12
Changed: Aug 28
Last Checked: Aug 29 at 1:41PM
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 Madison \u0026 Company Properties
Investment Insights
Based on property information with market context.
Built in 2026, this Denver duplex combines contemporary construction with an extensively finished interior. The residence includes engineered oak flooring, designer lighting, an open living arrangement, a main-level office, and a dedicated mud room. Its kitchen is equipped with GE Profile appliances, quartz work surfaces, Delta fixtures, and a large storage island. The upper level contains a primary suite with a spa-style bath, two additional bedrooms, and a full bathroom.
A third-floor loft adds flexible interior space, a marble wet bar, beverage cooler, and a three-quarter bathroom. The loft opens to a west-facing rooftop Trex deck. Outdoor improvements include a private backyard with a two-way fireplace, new sod, and a sprinkler system. A detached two-car garage provides additional parking and storage. The property is located at 2137 S Sherman St in Denver, Colorado.
A third-floor loft adds flexible interior space, a marble wet bar, beverage cooler, and a three-quarter bathroom. The loft opens to a west-facing rooftop Trex deck. Outdoor improvements include a private backyard with a two-way fireplace, new sod, and a sprinkler system. A detached two-car garage provides additional parking and storage. The property is located at 2137 S Sherman St in Denver, Colorado.
Key Highlights
- New construction completed in 2026
- Third‑floor loft with marble wet bar, beverage cooler, and 3/4 bathroom
- West‑facing rooftop Trex deck
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
$42,112
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
3.92%
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%
$842,240
$842.2K
Cap Rate 7%
$601,600
$601.6K
Cap Rate 9%
$467,911
$467.9K
Market Conditions
NOI Build-Up for 2,534 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
$63.9K $25.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$60.2K $23.74/SF
− OpEx
−$18.0K −$7.12/SF
NOI
$42.1K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$842,240
Cap Rate 7%
$601,600
Cap Rate 9%
$467,911
Alternative Uses
Best Use
Multifamily LT 5
$601.6K
$526.4K – $701.9K
NOI $42,112 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$806.7K
$705.8K – $941.1K
NOI $56,466 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary duplex featuring upscale finishes, flexible living areas, and a detached two-car garage.
Where is this duplex located?
The property is located at 2137 S Sherman St Denver, CO.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: New construction completed in 2026; Third‑floor loft with marble wet bar, beverage cooler, and 3/4 bathroom; West‑facing rooftop Trex deck
