Office Buildings and
For Sale
$6,000,000
383-393 Corona Street, Denver, CO 80218
Office buildings and office spaces are offered for sale at 383-393 Corona Street in Denver.
Property Size15,641 SF
Days on Market61
Property Features for 383-393 Corona Street
General Information
Standard status
Active
Size
15,641 SF
Class
A
Property subtype
Office
Building Details
Building Size
15,641 SF
Year Built
1910
Listing Agency:
The Henry Group LLC
(303) 625-7444
Listed By:
Patrick Henry · License #CO #ER.001319334
Source:
Henrygroupre
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 24 at 4:55AM
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 The Henry Group LLC
Investment Insights
Based on property information with market context.
This offering includes office buildings and office spaces being marketed for sale at 383-393 Corona Street. The property is positioned as a flexible option for parties looking to acquire office-focused real estate in a single address, with the transaction structured for buyers evaluating both near-term occupancy and long-term use of office space.
The asset is located in Denver, Colorado 80218. Prospective buyers and tenant representatives should review the specific unit mix and layout details during diligence, as the provided information focuses on the property’s office use category rather than individual configurations.
For an owner-occupier, this could be a straightforward way to pursue office space at a single address while consolidating operations under an ownership structure. For investors or groups sourcing office inventory, the “office buildings/office spaces” framing supports a property-level evaluation based on the buyer’s underwriting and leasing strategy. Contact the listing team for additional materials needed to assess the rentable space, current configuration, and any existing building or suite-level details that may affect fit and financial assumptions.
The asset is located in Denver, Colorado 80218. Prospective buyers and tenant representatives should review the specific unit mix and layout details during diligence, as the provided information focuses on the property’s office use category rather than individual configurations.
For an owner-occupier, this could be a straightforward way to pursue office space at a single address while consolidating operations under an ownership structure. For investors or groups sourcing office inventory, the “office buildings/office spaces” framing supports a property-level evaluation based on the buyer’s underwriting and leasing strategy. Contact the listing team for additional materials needed to assess the rentable space, current configuration, and any existing building or suite-level details that may affect fit and financial assumptions.
Key Highlights
- Office buildings and office spaces for sale at 383‑393 Corona Street in Denver
- Year built: 1910
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
$229,172
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
3.82%
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%
$4,583,440
$4.6M
Cap Rate 7%
$3,273,886
$3.3M
Cap Rate 9%
$2,546,356
$2.5M
Market Conditions
NOI Build-Up for 15,641 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
$412.9K $26.40/SF
− Vacancy
−$107.4K −$6.86/SF
EGI
$305.6K $19.54/SF
− OpEx
−$76.4K −$4.88/SF
NOI
$229.2K $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%
$4,583,440
Cap Rate 7%
$3,273,886
Cap Rate 9%
$2,546,356
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.82M
NOI $229,172 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,537 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
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 building - Office buildings and office spaces are offered for sale at 383-393 Corona Street in Denver.
Where is this office building located?
The property is located at 383-393 Corona Street Denver, CO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Office buildings and office spaces for sale at 383‑393 Corona Street in Denver; Year built: 1910
