Office Condo in Mixed-Use
For Sale
Contact for pricing
3457 Ringsby Ct Unit 212, Denver, CO 80216
Office condo with floor-to-ceiling windows, open layout, and three parking spaces for sale or lease.
Property Size1,199 SF
Price / SF$390.33
Days on Market64
Property Features for 3457 Ringsby Ct Unit 212
General Information
Standard status
Active
Size
1,199 SF
Class
B
Total Parking Spaces
3
Property subtype
Office
Lease Type
Modified Gross
Building Details
Tenancy
Single
Listing Agency:
Weststar Commercial
(720) 232-4118
Listed By:
Lev Cohen · License #FA.100032893
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Jun 24 at 3:33AM
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 Weststar Commercial
Investment Insights
Based on property information with market context.
Located within a distinctive, mixed-use “landscraper” at Taxi Campus, this available office condo, Unit 212, provides 1,199 SF of workspace designed around natural light and an open, functional layout. Interior features include floor-to-ceiling windows, a sandblasted glass slider door, and sandblasted glass walls at the entrance. The space is arranged with a large conference room, four offices, three cubicle areas, and a full kitchen with a sink, supported by varied lighting throughout. The building is part of a multi-building creative, technology, design, architecture, and arts-oriented campus concept.
Taxi Campus includes ten buildings as a mixed-use community in the Rino and Lodo area, originally developed from the remediated brownfield site of a former taxi depot. Unit 212 offers on-site convenience with three parking spaces and is described as being within a few minutes of Rino District activity.
This offering is well suited for businesses seeking a private office configuration with a centralized conference room, dedicated office space, and an interior kitchen, all within a campus setting that supports established and growing enterprises. Unit 212 is available for sale or lease; contact for additional details on the specific terms and next steps.
Taxi Campus includes ten buildings as a mixed-use community in the Rino and Lodo area, originally developed from the remediated brownfield site of a former taxi depot. Unit 212 offers on-site convenience with three parking spaces and is described as being within a few minutes of Rino District activity.
This offering is well suited for businesses seeking a private office configuration with a centralized conference room, dedicated office space, and an interior kitchen, all within a campus setting that supports established and growing enterprises. Unit 212 is available for sale or lease; contact for additional details on the specific terms and next steps.
Key Highlights
- 1,199 SF office condo (Unit 212) in the Taxi Campus at 3457 Ringsby Ct
- Floor‑to‑ceiling windows plus sandblasted glass slider door and sandblasted glass walls
- Open office layout with a large conference room, four offices, and three cubicle areas
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
$17,568
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
3.75%
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%
$351,360
$351.4K
Cap Rate 7%
$250,971
$251.0K
Cap Rate 9%
$195,200
$195.2K
Market Conditions
NOI Build-Up for 1,199 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
$31.7K $26.40/SF
− Vacancy
−$8.2K −$6.86/SF
EGI
$23.4K $19.54/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$17.6K $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%
$351,360
Cap Rate 7%
$250,971
Cap Rate 9%
$195,200
Alternative Uses
Best Use
Office B
$251.0K
$219.6K – $292.8K
NOI $17,568 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.7K
$334.0K – $445.3K
NOI $26,718 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 condo with floor-to-ceiling windows, open layout, and three parking spaces for sale or lease.
Where is this office units located?
The property is located at 3457 Ringsby Ct Unit 212 Denver, CO.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: 1,199 SF office condo (Unit 212) in the Taxi Campus at 3457 Ringsby Ct; Floor‑to‑ceiling windows plus sandblasted glass slider door and sandblasted glass walls; Open office layout with a large conference room, four offices, and three cubicle areas
