New Construction Duplex with Rooftop
For Sale
$1,125,000
2283 S Sherman St, Denver, CO 80210
Under construction with a three-level layout, wet bar, rooftop deck, and two-car garage.
Property Size2,328 SF
Days on Market27
Property Features for 2283 S Sherman St
General Information
Standard status
Active
Size
2,328 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,741
Building Details
Building Size
2,328 SF
Year Built
2026
Construction
contemporary
Listing Agency:
Compass - Denver
(720) 308-2615
Listed By:
Rachel Gallegos · License #100002255
(720) 308-2615
Source:
Guidere
Added: Aug 3
Changed: Aug 24
Last Checked: Aug 29 at 4:40PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This under-construction duplex is scheduled for completion in October 2026 and is being built by Homebound. The residence includes 3 bedrooms, 4 baths, and approximately 2,328 square feet arranged across a contemporary multi-level floor plan. Expansive windows bring natural light into the open main living area, while the kitchen and living room are designed for connected daily use. Upper levels provide the bedrooms and baths, and a third-level bonus room with a wet bar opens to a rooftop deck. A two-car garage adds dedicated parking and storage. The Alpine elevation features a high-pitched shed roof, vertical and lap siding, and a modern exterior composition. The property is located in Denver’s Rosedale neighborhood. Planned finishes will differ from those shown in the reference photography; renderings represent the specific property.
Key Highlights
- Duplex under construction with October 2026 completion planned
- 3 bedrooms, 4 baths, and approximately 2,328 square feet
- Third‑level bonus room includes a wet bar and opens to a rooftop 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
$38,688
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
3.44%
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%
$773,760
$773.8K
Cap Rate 7%
$552,686
$552.7K
Cap Rate 9%
$429,867
$429.9K
Market Conditions
NOI Build-Up for 2,328 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
$58.7K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.3K $23.74/SF
− OpEx
−$16.6K −$7.12/SF
NOI
$38.7K $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%
$773,760
Cap Rate 7%
$552,686
Cap Rate 9%
$429,867
Alternative Uses
Best Use
Multifamily LT 5
$552.7K
$483.6K – $644.8K
NOI $38,688 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$505.0K
$441.8K – $589.1K
NOI $35,347 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$741.1K
$648.5K – $864.6K
NOI $51,876 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,025
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 - Under construction with a three-level layout, wet bar, rooftop deck, and two-car garage.
Where is this duplex located?
The property is located at 2283 S Sherman St Denver, CO.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Duplex under construction with October 2026 completion planned; 3 bedrooms, 4 baths, and approximately 2,328 square feet; Third‑level bonus room includes a wet bar and opens to a rooftop deck
