Standalone Brick Office
New
For Sale
Contact for pricing
2706 Colfax Ave, Denver, CO 80204
Two open work areas are supported by private offices, meeting rooms, restrooms, a kitchen, and a shower.
Property Size4,871 SF
Price / SF$302.81
Days on Market6
Property Features for 2706 Colfax Ave
General Information
Standard status
Active
Size
4,871 SF
Total Parking Spaces
4
Property subtype
OFFICE
Zoning
C-MX-8
Amenities
vaulted ceilings
abundant natural light
open bullpen areas
private offices
conference rooms
restrooms
full kitchen
shower
radiant heat
forced-air cooling
Building Details
Buildings
1
Building Size
4,871 SF
Construction
brick
Listing Agency:
Northpeak Commercial Advisors
(303) 917-5232
Listed By:
Drew Williams · License #FA100099403
Source:
Moodyscre
Added: Aug 13
Changed: Aug 15
Last Checked: Aug 17 at 3:10PM
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 Northpeak Commercial Advisors
Investment Insights
Based on property information with market context.
This standalone office property contains 4,871 SF within a brick building designed around a mix of collaborative and private work areas. Two open bullpen spaces are complemented by multiple private offices, conference rooms, and restrooms. The interior also includes a full kitchen and shower, while vaulted ceilings and extensive natural light add volume to the workspace. Radiant heat and forced-air cooling provide year-round climate control.
The property is located in Denver and carries C-MX-8 zoning, identified as an Urban Center, Mixed Use district allowing up to 8 stories. On-site parking accommodates 3 to 4 vehicles, with additional parking available in the city lot directly west of the building.
The property is located in Denver and carries C-MX-8 zoning, identified as an Urban Center, Mixed Use district allowing up to 8 stories. On-site parking accommodates 3 to 4 vehicles, with additional parking available in the city lot directly west of the building.
Key Highlights
- 4,871 SF standalone brick office building
- C‑MX‑8 zoning: Urban Center, Mixed Use, up to 8 stories
- Two open bullpen areas with private offices and conference rooms
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
$71,370
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
4.84%
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%
$1,427,400
$1.4M
Cap Rate 7%
$1,019,571
$1.0M
Cap Rate 9%
$793,000
$793.0K
Market Conditions
NOI Build-Up for 4,871 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
$128.6K $26.40/SF
− Vacancy
−$33.4K −$6.86/SF
EGI
$95.2K $19.54/SF
− OpEx
−$23.8K −$4.88/SF
NOI
$71.4K $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%
$1,427,400
Cap Rate 7%
$1,019,571
Cap Rate 9%
$793,000
Alternative Uses
Best Use
Office B
$1.02M
$892.1K – $1.19M
NOI $71,370 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,543 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two open work areas are supported by private offices, meeting rooms, restrooms, a kitchen, and a shower.
Where is this office building located?
The property is located at 2706 Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,871 SF standalone brick office building; C‑MX‑8 zoning: Urban Center, Mixed Use, up to 8 stories; Two open bullpen areas with private offices and conference rooms
