Renovated Creative Office Flex
For Sale
Contact for pricing
3330 Larimer St, Denver, CO 80205
Completely renovated creative office/flex building with LEED-CS designation and a 19.2 kW on-site solar PV system.
Property Size11,096 SF
Price / SF$428.08
Days on Market278
Property Features for 3330 Larimer St
General Information
Standard status
Active
Size
11,096 SF
Property subtype
RETAIL
Building Details
Year Renovated
2009
Listing Agency:
Shames Makovsky
(303) 888-0002
Listed By:
Solomon Stark
(303) 888-0002
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Aug 16
Last Checked: Aug 24 at 3:34AM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
The Good Building is a creative office/flex property that was completely renovated in 2009, earning LEED-CS designation for adaptive reuse. The building was designed by tres birds workshop, with sustainable elements including a 19.2 kW photovoltaic system for on-site solar energy production, solar “tubes” for day lighting distribution, and an integrated French drain system that utilizes roof runoff to irrigate trees. Additional design features include reclaimed and recycled materials incorporated throughout, along with a mural on the north side spelling out “GOOD.”
The property is located at 3330 Larimer St, Denver, CO 80205 in the RiNo area and is described as a landmark building within the neighborhood.
With its creative office/flex orientation and sustainability-focused improvements, the building provides an innovative adaptive reuse setting for tenants seeking a distinctive work environment.
The property is located at 3330 Larimer St, Denver, CO 80205 in the RiNo area and is described as a landmark building within the neighborhood.
With its creative office/flex orientation and sustainability-focused improvements, the building provides an innovative adaptive reuse setting for tenants seeking a distinctive work environment.
Key Highlights
- Completely renovated creative office/flex building in 2009 with LEED‑CS designation
- 19.2 kW photovoltaic system for on‑site solar energy production
- Solar “tubes” provide day lighting distribution throughout the building
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
$162,579
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
3.42%
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%
$3,251,580
$3.3M
Cap Rate 7%
$2,322,557
$2.3M
Cap Rate 9%
$1,806,433
$1.8M
Market Conditions
NOI Build-Up for 11,096 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
$292.9K $26.40/SF
− Vacancy
−$76.2K −$6.86/SF
EGI
$216.8K $19.54/SF
− OpEx
−$54.2K −$4.88/SF
NOI
$162.6K $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%
$3,251,580
Cap Rate 7%
$2,322,557
Cap Rate 9%
$1,806,433
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,579 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$1.48M
$1.29M – $1.73M
NOI $103,512 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,258 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
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?
Creative space - Completely renovated creative office/flex building with LEED-CS designation and a 19.2 kW on-site solar PV system.
Where is this creative space located?
The property is located at 3330 Larimer St Denver, CO.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Completely renovated creative office/flex building in 2009 with LEED‑CS designation; 19.2 kW photovoltaic system for on‑site solar energy production; Solar “tubes” provide day lighting distribution throughout the building
