Office or Retail Townhome
For Sale
$400,000
3335 Downing Street, Denver, CO 80205
Built in 2022 with polished concrete floors, private office, open area, and half bath.
Property Size870 SF
Price / SF$459.77
Days on Market108
Property Features for 3335 Downing Street
General Information
Standard status
Active
Size
870 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,907
Amenities
3
Rolled, Membrane
Building Details
Year Built
2021
Listing Agency:
1858 Real Estate
(303) 877-2390
Listed By:
Aaron Hart
(303) 877-2390
Source:
Xome
Added: May 4
Changed: Aug 8
Last Checked: Aug 19 at 5:08AM
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 1858 Real Estate
Investment Insights
Based on property information with market context.
Newly built in 2022, this 870 SF townhome-style office or retail suite is owner-user ready and designed with a private office plus an open work or retail area. The layout includes a half bath and a kitchen area with a refrigerator and dishwasher, with polished concrete floors and high ceilings. Automatic window shades are installed, and a removable moss feature is noted as negotiable.
The property is located at 3335 N Downing Street, about one block from Curtis Park and Lou’s Italian Specialties. It is within walking distance of light rail and minutes to RiNo, Downtown Denver, City Park, and I-70. The immediate surrounding area includes a gelato shop, gluten-free bakery, photographer, and attorney.
The owner will vacate upon sale, and the suite is described as easy to show.
The property is located at 3335 N Downing Street, about one block from Curtis Park and Lou’s Italian Specialties. It is within walking distance of light rail and minutes to RiNo, Downtown Denver, City Park, and I-70. The immediate surrounding area includes a gelato shop, gluten-free bakery, photographer, and attorney.
The owner will vacate upon sale, and the suite is described as easy to show.
Key Highlights
- Newer townhome built in 2021 with 870 SF of built‑out office or retail space
- Includes private office plus open work or retail area
- Half bath and kitchen with refrigerator and dishwasher
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
$12,747
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
3.19%
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%
$254,940
$254.9K
Cap Rate 7%
$182,100
$182.1K
Cap Rate 9%
$141,633
$141.6K
Market Conditions
NOI Build-Up for 870 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
$23.0K $26.40/SF
− Vacancy
−$6.0K −$6.86/SF
EGI
$17.0K $19.54/SF
− OpEx
−$4.2K −$4.88/SF
NOI
$12.7K $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%
$254,940
Cap Rate 7%
$182,100
Cap Rate 9%
$141,633
Alternative Uses
Best Use
Office B
$182.1K
$159.3K – $212.5K
NOI $12,747 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$170.1K
$148.9K – $198.5K
NOI $11,909 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$277.0K
$242.3K – $323.1K
NOI $19,387 @ 7.0% cap · market cap 4.85%
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?
Office units - Built in 2022 with polished concrete floors, private office, open area, and half bath.
Where is this office units located?
The property is located at 3335 Downing Street Denver, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Newer townhome built in 2021 with 870 SF of built‑out office or retail space; Includes private office plus open work or retail area; Half bath and kitchen with refrigerator and dishwasher
