Evergreen Office Condo For
For Sale
$100,000
30752 Southview Dr G/110, Evergreen, CO 80439
Turnkey office condo in central Evergreen with foothills views.
Property Size365 SF
Price / SF$273.97
Days on Market142
Property Features for 30752 Southview Dr G/110
General Information
Standard status
Active
Size
365 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,800
Building Details
Building Size
365 SF
Year Built
2000
Units
1
Listing Agency:
Compass - Denver
Listed By:
Nicholas Melzer · License #100087600
(720) 725-1235
Source:
Elliman
Added: Apr 24
Changed: Sep 9
Last Checked: Sep 12 at 6:27AM
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 central Evergreen office condo presents an opportunity to own office space in a desirable location. The turnkey unit offers 365 square feet of open, well-appointed space, providing privacy and natural light. It features direct access to a patio with expansive foothills views. The Homeowner's Association (HOA) covers utilities, common area janitorial services, and snow removal. Ample parking is available for both occupants and clients. The building features easy access and a mountain rustic aesthetic. An adjacent 453 square foot unit is also for sale and could be connected via an interior door to create a larger multi-office space, potentially including a conference room. This unit is suitable for owner-occupiers or investors seeking a commercial asset. The owner is open to considering a lease-to-own option or owner financing.
Key Highlights
- Turnkey office condo in a prime Evergreen location.
- HOA covers utilities, common area janitorial, and snow removal.
- Abundant natural light and direct access to a patio with expansive foothills views.
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
$4,919
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
4.92%
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%
$98,380
$98.4K
Cap Rate 7%
$70,271
$70.3K
Cap Rate 9%
$54,656
$54.7K
Market Conditions
NOI Build-Up for 365 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
$7.4K $20.28/SF
− Vacancy
−$844 −$2.31/SF
EGI
$6.6K $17.97/SF
− OpEx
−$1.6K −$4.49/SF
NOI
$4.9K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$98,380
Cap Rate 7%
$70,271
Cap Rate 9%
$54,656
Alternative Uses
Best Use
Office B
$70.3K
$61.5K – $82.0K
NOI $4,919 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$812.3K
$710.7K – $947.6K
NOI $56,858 @ 7.0% cap · market cap 56.86%
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
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 80439, CO
24,711
Population
11,137
Households
2.2
Avg Household Size
49
Median Age
71%
College-Educated
98%
High-School Grad
168.8 sq mi
ZIP Area
146
Density / Sq Mi
$152,156
Median Household Income
$67,162
Median Earnings
$1,870
Median Rent
$838,000
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 units - Turnkey office condo in central Evergreen with foothills views.
Where is this office units located?
The property is located at 30752 Southview Dr G/110 Evergreen, CO.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Turnkey office condo in a prime Evergreen location.; HOA covers utilities, common area janitorial, and snow removal.; Abundant natural light and direct access to a patio with expansive foothills views.
