Brick Office Building with
For Sale
$600,000
3580 S Lincoln Street, Englewood, CO 80113
A freestanding office property combines rear paved parking with additional basement space.
Property Size3,000 SF
Price / SF$200
Days on Market16
Property Features for 3580 S Lincoln Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
mature trees
Building Details
Year Built
1971
Buildings
1
Construction
brick
Listing Agency:
Compass - Denver
(303) 536-1786
Listed By:
Todd Rice · License #40045687
(720) 318-4812
Source:
Wilksrealestate
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 3 at 2:50PM
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 Compass - Denver
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Investment Insights
Based on property information with market context.
This freestanding brick office building was constructed in 1971 and includes a basement for additional space. Paved parking is located behind the building, and mature trees contribute to the setting.
Key Highlights
- Freestanding brick office building
- Built in 1971
- Basement provides additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,807
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,140
$656.1K
Cap Rate 7%
$468,671
$468.7K
Cap Rate 9%
$364,522
$364.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$53.3K $17.76/SF
− Vacancy
−$9.5K −$3.18/SF
EGI
$43.7K $14.58/SF
− OpEx
−$10.9K −$3.65/SF
NOI
$32.8K $10.94/SF
Area
Arapahoe County, CO
Vacancy
17.90%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,140
Cap Rate 7%
$468,671
Cap Rate 9%
$364,522
Alternative Uses
Best Use
Office B
$468.7K
$410.1K – $546.8K
NOI $32,807 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.54M
$38.97M – $51.96M
NOI $3,117,829 @ 7.0% cap · market cap 519.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,326
Businesses Nearby
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Business Placement
Demographics for 80113, CO
22,821
Population
11,447
Households
2
Avg Household Size
39
Median Age
58%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,964
Density / Sq Mi
$95,543
Median Household Income
$59,529
Median Earnings
$1,588
Median Rent
$699,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A freestanding office property combines rear paved parking with additional basement space.
Where is this office building located?
The property is located at 3580 S Lincoln Street Englewood, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Freestanding brick office building; Built in 1971; Basement provides additional space
