Turnkey Office Condo
For Sale
$100,000
30752 Southview Drive #F/120, Evergreen, CO 80439
Flexible office condo with HOA-covered utilities, janitorial, and snow removal for a simpler owner-occupier setup.
Property Size453 SF
Price / SF$220.75
Days on Market128
Property Features for 30752 Southview Drive #F/120
General Information
Standard status
Active
Size
453 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,234
Amenities
110V
Asphalt
Building Details
Year Built
2000
Listing Agency:
COMPASS - DENVER
(303) 536-1786
Listed By:
NICHOLAS MELZER
Source:
Corcoran
Added: Apr 17
Changed: Aug 21
Last Checked: Aug 21 at 8:21AM
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 turnkey office condo suite is designed for flexible use, offering an open, well-appointed layout that can be configured as one office with potential for two larger offices. The space also includes room for a waiting area and a storage closet, along with the possibility to add a conference or meeting room depending on how the interior is arranged. If you are looking to expand, an adjacent office unit is available for sale as well and is described as connectable with an interior door to create a larger multi-office setup.
Located in Evergreen, the building is operated with an HOA that covers utilities, common area janitorial, and snow removal, reducing day-to-day operational responsibilities. The property also provides parking for owners and clients, supporting convenient access for visits and meetings.
This suite is suited to owner-occupiers who want to purchase a manageable office footprint with maintenance support through the HOA. It also fits investors looking for an office condo option, with the seller considering a lease-to-own structure or owner financing terms to help facilitate ownership.
Located in Evergreen, the building is operated with an HOA that covers utilities, common area janitorial, and snow removal, reducing day-to-day operational responsibilities. The property also provides parking for owners and clients, supporting convenient access for visits and meetings.
This suite is suited to owner-occupiers who want to purchase a manageable office footprint with maintenance support through the HOA. It also fits investors looking for an office condo option, with the seller considering a lease-to-own structure or owner financing terms to help facilitate ownership.
Key Highlights
- Turnkey central Evergreen office condo built in 2000 with 453 SF of flexible open space
- Layout options include the possibility of two large offices or an office plus a conference/meeting room
- Includes space for a waiting room and a storage closet
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
$6,105
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
6.11%
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%
$122,100
$122.1K
Cap Rate 7%
$87,214
$87.2K
Cap Rate 9%
$67,833
$67.8K
Market Conditions
NOI Build-Up for 453 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
$9.2K $20.28/SF
− Vacancy
−$1.0K −$2.31/SF
EGI
$8.1K $17.97/SF
− OpEx
−$2.0K −$4.49/SF
NOI
$6.1K $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%
$122,100
Cap Rate 7%
$87,214
Cap Rate 9%
$67,833
Alternative Uses
Best Use
Office B
$87.2K
$76.3K – $101.8K
NOI $6,105 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.01M
$882.1K – $1.18M
NOI $70,566 @ 7.0% cap · market cap 70.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office condo with HOA-covered utilities, janitorial, and snow removal for a simpler owner-occupier setup.
Where is this office units located?
The property is located at 30752 Southview Drive #F/120 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 central Evergreen office condo built in 2000 with 453 SF of flexible open space; Layout options include the possibility of two large offices or an office plus a conference/meeting room; Includes space for a waiting room and a storage closet
