Office Suite with Reception and
For Sale
Contact for pricing
3457 Ringsby Court, Denver, CO 80216
Office unit 205 includes reception, conference room, and open workspace with reserved parking.
Property Size1,233 SF
Price / SF$364.96
Days on Market51
Property Features for 3457 Ringsby Court
General Information
Standard status
Active
Size
1,233 SF
Property subtype
Office
Zoning
C-MX-8
Building Details
Year Built
2007
Listing Agency:
LocateAI Realty
Listed By:
Eliza Pfeifer · License #FA100083132
Source:
Crexi
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 31 at 2:15PM
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 LocateAI Realty
Investment Insights
Based on property information with market context.
Office unit 205 is positioned within the Taxi 2 campus and is built for modern day-to-day functionality. The suite includes a reception area, a conference room, and open workspace. Reserved parking is included with each unit.
The Taxi 2 setting offers an on-site amenities package intended to support a full workday experience, including a swimming pool, fitness and steam rooms, café and restaurant options, a community garden, maker space, dog park, and sports courts. Located in Denver near Brighton Blvd and 38th Street, the property sits within a mixed-use environment with access to neighborhood destinations throughout RiNo.
The Taxi 2 setting offers an on-site amenities package intended to support a full workday experience, including a swimming pool, fitness and steam rooms, café and restaurant options, a community garden, maker space, dog park, and sports courts. Located in Denver near Brighton Blvd and 38th Street, the property sits within a mixed-use environment with access to neighborhood destinations throughout RiNo.
Key Highlights
- Office unit 205 in Taxi 2 (built in 2007) with reception, conference room, and open workspace
- Reserved parking included with the unit
- On‑site amenities include a swimming pool, fitness and steam rooms, café and restaurant
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
$18,066
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
4.01%
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%
$361,320
$361.3K
Cap Rate 7%
$258,086
$258.1K
Cap Rate 9%
$200,733
$200.7K
Market Conditions
NOI Build-Up for 1,233 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
$32.6K $26.40/SF
− Vacancy
−$8.5K −$6.86/SF
EGI
$24.1K $19.54/SF
− OpEx
−$6.0K −$4.88/SF
NOI
$18.1K $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%
$361,320
Cap Rate 7%
$258,086
Cap Rate 9%
$200,733
Alternative Uses
Best Use
Office B
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
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 - Office unit 205 includes reception, conference room, and open workspace with reserved parking.
Where is this office units located?
The property is located at 3457 Ringsby Court Denver, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Office unit 205 in Taxi 2 (built in 2007) with reception, conference room, and open workspace; Reserved parking included with the unit; On‑site amenities include a swimming pool, fitness and steam rooms, café and restaurant
