RiNo Office Condo
For Sale
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3457 Ringsby Court #100, Denver, CO 80216
6,014 SF office condo in RiNo's Taxi Community.
Property Size6,014 SF
Price / SF$283.51
Days on Market1743
Property Features for 3457 Ringsby Court #100
General Information
Standard status
Active
Size
6,014 SF
Class
A
Property subtype
Office
Occupancy
39%
Lease Type
NNN
Building Details
Year Built
2007
Units
2
Tenancy
Single
Listing Agency:
ZEPPELIN DEVELOPMENT
Listed By:
Jamey Bridges · License #CO
Source:
Crexi
Added: Dec 29, 2021
Changed: Sep 26
Last Checked: Oct 7 at 12:55PM
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 ZEPPELIN DEVELOPMENT
Investment Insights
Based on property information with market context.
This 6,014 square foot office condo is located in the Taxi Community of RiNo. The condo is divided into two suites, #100A and #100B. The unit features windows on all sides, providing natural light, and includes one operable glass garage door. The space contains two conference rooms, four private offices, one kitchenette, two restrooms, and an IT/storage area. For a monthly membership fee, the owner has access to a 7,100 square foot fitness center and shipping container pool.
Key Highlights
- 6,014sf office condo in RiNo's Taxi Community
- Abundant natural light with windows in every direction
- Operable glass garage door for fresh air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,117
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,762,340
$1.8M
Cap Rate 7%
$1,258,814
$1.3M
Cap Rate 9%
$979,078
$979.1K
Market Conditions
NOI Build-Up for 6,014 SF
Gross rent
$158.8K $26.40/SF
− Vacancy
−$41.3K −$6.86/SF
EGI
$117.5K $19.54/SF
− OpEx
−$29.4K −$4.88/SF
NOI
$88.1K $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 Rate 5%
$1,762,340
Cap Rate 7%
$1,258,814
Cap Rate 9%
$979,078
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,117 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.68M – $2.23M
NOI $134,013 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office units - 6,014 SF office condo in RiNo's Taxi Community.
Where is this office units located?
The property is located at 3457 Ringsby Court #100 Denver, CO.
What is the asking price?
The asking price for this property is $1,705,000.
What are key features of this property?
This property features: 6,014sf office condo in RiNo's Taxi Community; Abundant natural light with windows in every direction; Operable glass garage door for fresh air
