End-Cap Office Condominium
For Sale
Contact for pricing
3669 S Huron St Unit 201, Englewood, CO 80110
Owner-occupied office suite with windows at three elevations in a professionally maintained business center.
Property Size1,598 SF
Price / SF$219.02
Days on Market57
Property Features for 3669 S Huron St Unit 201
General Information
Standard status
Active
Size
1,598 SF
Class
C
Property subtype
Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Listing Agency:
Benchmark Commercial Real Estate
Listed By:
Jason Bollhoefner · License #CO FA.040023622
(303) 395-0116
Source:
Crexi
Added: Jul 21
Changed: Sep 13
Last Checked: Sep 14 at 8:38AM
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 Benchmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This office condominium suite is offered for sale within the Huron Business Center and provides approximately 1,598 square feet of professional office space in an end-cap location. The floor plan is designed to support an office-intensive layout and includes windows at three elevations for natural light.
The property is described as being within walking distance of the Englewood Station light rail and CityCenter Englewood redevelopment by New Englewood, LLC. It is also positioned near regional access routes including Santa Fe Drive (US-85), Hampden Avenue (US-285), and Broadway, supporting convenient connectivity throughout the Denver metro area.
Parking is supported by a stated ratio of 2.5 spaces per 1,000 square feet, along with additional street parking on S. Huron Street. The office condominium is professionally maintained through the owners association.
The property is described as being within walking distance of the Englewood Station light rail and CityCenter Englewood redevelopment by New Englewood, LLC. It is also positioned near regional access routes including Santa Fe Drive (US-85), Hampden Avenue (US-285), and Broadway, supporting convenient connectivity throughout the Denver metro area.
Parking is supported by a stated ratio of 2.5 spaces per 1,000 square feet, along with additional street parking on S. Huron Street. The office condominium is professionally maintained through the owners association.
Key Highlights
- Approximately 1,598 SF office condominium in the Huron Business Center, built in 1978
- End‑cap location with windows at 3 elevations for abundant natural light
- Parking ratio of 2.5 spaces per 1,000 SF plus additional street parking on S. Huron Street
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
$17,475
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
4.99%
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%
$349,500
$349.5K
Cap Rate 7%
$249,643
$249.6K
Cap Rate 9%
$194,167
$194.2K
Market Conditions
NOI Build-Up for 1,598 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
$28.4K $17.76/SF
− Vacancy
−$5.1K −$3.18/SF
EGI
$23.3K $14.58/SF
− OpEx
−$5.8K −$3.65/SF
NOI
$17.5K $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 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%
$349,500
Cap Rate 7%
$249,643
Cap Rate 9%
$194,167
Alternative Uses
Best Use
Office B
$249.6K
$218.4K – $291.3K
NOI $17,475 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.73M
$20.76M – $27.68M
NOI $1,660,764 @ 7.0% cap · market cap 474.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 80110, CO
23,279
Population
10,804
Households
2.2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
3,637
Density / Sq Mi
$82,037
Median Household Income
$50,406
Median Earnings
$1,582
Median Rent
$455,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Owner-occupied office suite with windows at three elevations in a professionally maintained business center.
Where is this office units located?
The property is located at 3669 S Huron St Unit 201 Englewood, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,598 SF office condominium in the Huron Business Center, built in 1978; End‑cap location with windows at 3 elevations for abundant natural light; Parking ratio of 2.5 spaces per 1,000 SF plus additional street parking on S. Huron Street
