Office Space Investment
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3457 Ringsby Court, Denver, CO 80216
Two leased office spaces totaling 1,931 SF, Denver location.
Property Size1,931 SF
Price / SF$362.51
Days on Market1192
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Property Features for 3457 Ringsby Court
General Information
Standard status
Active
Size
1,931 SF
Property subtype
Office
Zoning
C-MX-8
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
LocateAI Realty
Listed By:
Eliza Pfeifer · License #FA100083132
Source:
Crexi
Added: Jul 12, 2023
Changed: Oct 11
Last Checked: Oct 14 at 9:37PM
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.
This property features 1,931 square feet of office space, comprised of two connecting office spaces. Unit 203 offers 698 square feet and is currently leased through March 2026 for $2,000 monthly. Unit 205 provides 1,233 square feet and is leased through August 2026 for $2,000 monthly. The property includes parking and utilities. The building is pet-friendly and features a dog park. It is easily accessible by highway or public transit. The space benefits from large windows and natural light, making it suitable as a creative maker space. It is located in a mixed-use community primed for collaboration.
Key Highlights
- Income‑generating property with $4,000 monthly income
- Leases in place through March and August 2026 offering stable cash flow
- Convenient location easily accessible by highway or public transit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,293
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,860
$565.9K
Cap Rate 7%
$404,186
$404.2K
Cap Rate 9%
$314,367
$314.4K
Market Conditions
NOI Build-Up for 1,931 SF
Gross rent
$51.0K $26.40/SF
− Vacancy
−$13.3K −$6.86/SF
EGI
$37.7K $19.54/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$28.3K $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 Rate 5%
$565,860
Cap Rate 7%
$404,186
Cap Rate 9%
$314,367
Alternative Uses
Best Use
Office B
$404.2K
$353.7K – $471.6K
NOI $28,293 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,029 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Office units - Two leased office spaces totaling 1,931 SF, Denver location.
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 $700,000.
What are key features of this property?
This property features: Income‑generating property with $4,000 monthly income; Leases in place through March and August 2026 offering stable cash flow; Convenient location easily accessible by highway or public transit
