Street-Level Office Condo with
For Sale
Contact for pricing
3457 Ringsby Ct Suite 107 Denver, Denver, CO 80216
Furnished office condominium offers direct street access, abundant daylight, a kitchenette, and dedicated parking.
Property Size2,589 SF
Price / SF$366.55
Days on Market140
Property Features for 3457 Ringsby Ct Suite 107 Denver
General Information
Standard status
Active
Size
2,589 SF
Total Parking Spaces
5
Property subtype
Retail, Office
Zoning
C-MX-8
Investment Type
Owner/User
Space & Availability
Floor
Ground Floor
Furnished
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Amenities
24/7 access
fitness center
showers
lockers
sauna
shared conference rooms
pool
restaurant
coffee/cafe
24/7 on-site security
EV charging stations
dog park
Building Details
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
Commercial Advisors LLC
(303) 898-4245
Listed By:
Gail Hamilton, CCIM · License #CO ER214831
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 2:55PM
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 Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This 2,589 SF office condominium provides a street-level entrance with direct access, high ceilings, an operable glass overhead door, and substantial natural light. The open layout includes a mezzanine area, kitchenette/breakroom, conference room, large private office, in-suite restroom, and approximately 18 desks. Furnishings and a list of FF&E are included, with 24/7 property access and five dedicated parking spaces supplemented by visitor and overflow parking.
The suite is located at Taxi at RiNo Arts District, just north of Downtown Denver in River North. It offers access to I-25, I-70, RTD light rail, the Platte River Trail, Denver International Airport, and the mountains. The property carries C-MX-8 zoning and is within a Denver Enterprise Zone. Taxi campus includes 10 buildings with office and residential components, along with shared conference rooms, a fitness center, on-site security, EV charging stations, a dog park, pool, and café amenities.
The suite is located at Taxi at RiNo Arts District, just north of Downtown Denver in River North. It offers access to I-25, I-70, RTD light rail, the Platte River Trail, Denver International Airport, and the mountains. The property carries C-MX-8 zoning and is within a Denver Enterprise Zone. Taxi campus includes 10 buildings with office and residential components, along with shared conference rooms, a fitness center, on-site security, EV charging stations, a dog park, pool, and café amenities.
Key Highlights
- 2,589 Sf office condominium with street‑level direct entry
- Open layout with mezzanine, high ceilings, and operable glass overhead door
- Includes kitchenette/breakroom, conference room, private office, restroom, furnishings, and FF&E
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
$37,934
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
4.00%
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%
$758,680
$758.7K
Cap Rate 7%
$541,914
$541.9K
Cap Rate 9%
$421,489
$421.5K
Market Conditions
NOI Build-Up for 2,589 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
$68.3K $26.40/SF
− Vacancy
−$17.8K −$6.86/SF
EGI
$50.6K $19.54/SF
− OpEx
−$12.6K −$4.88/SF
NOI
$37.9K $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%
$758,680
Cap Rate 7%
$541,914
Cap Rate 9%
$421,489
Alternative Uses
Best Use
Office B
$541.9K
$474.2K – $632.2K
NOI $37,934 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$506.3K
$443.0K – $590.7K
NOI $35,441 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$824.2K
$721.2K – $961.5K
NOI $57,692 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,518
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 - Furnished office condominium offers direct street access, abundant daylight, a kitchenette, and dedicated parking.
Where is this office units located?
The property is located at 3457 Ringsby Ct Suite 107 Denver Denver, CO.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,589 Sf office condominium with street‑level direct entry; Open layout with mezzanine, high ceilings, and operable glass overhead door; Includes kitchenette/breakroom, conference room, private office, restroom, furnishings, and FF&E
