Office Condo with
New
For Sale
$1,845,000
4 Inverness Ct E C, Englewood, CO 80112
Updated shared work areas and a private outdoor patio complement the office layout.
Property Size9,135 SF
Days on Market4
Property Features for 4 Inverness Ct E C
General Information
Standard status
Active
Size
9,135 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,000
Amenities
Outdoor patio space
Grass roof
conference and kitchen
Building Details
Building Size
9,135 SF
Year Built
1974
Stories
2
Units
1
Construction
concrete and glass
Listed By:
Matthew Edgar
(720) 435-2191
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 8:49AM
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 Matthew Edgar
Investment Insights
Based on property information with market context.
Built in 1974, this office condo combines enclosed offices with open work areas, a conference room, and kitchen space. Recent updates include the kitchen, break areas, and bathrooms. Concrete and glass elements, geometric detailing, and a grass roof contribute to the building’s design; an outdoor patio extends the usable space.
The property is situated on Inverness Golf Course at 4 Inverness Ct E C in Englewood. Its configuration includes both private and shared work areas, along with conference and kitchen facilities.
The property is situated on Inverness Golf Course at 4 Inverness Ct E C in Englewood. Its configuration includes both private and shared work areas, along with conference and kitchen facilities.
Key Highlights
- Office condo on Inverness Golf Course in Englewood
- Built in 1974
- Recent updates to kitchen, break areas, and bathrooms
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
$99,898
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
5.41%
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%
$1,997,960
$2.0M
Cap Rate 7%
$1,427,114
$1.4M
Cap Rate 9%
$1,109,978
$1.1M
Market Conditions
NOI Build-Up for 9,135 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
$162.2K $17.76/SF
− Vacancy
−$29.0K −$3.18/SF
EGI
$133.2K $14.58/SF
− OpEx
−$33.3K −$3.65/SF
NOI
$99.9K $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%
$1,997,960
Cap Rate 7%
$1,427,114
Cap Rate 9%
$1,109,978
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,898 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$135.63M
$118.67M – $158.23M
NOI $9,493,789 @ 7.0% cap · market cap 514.57%
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
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
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 - Updated shared work areas and a private outdoor patio complement the office layout.
Where is this office units located?
The property is located at 4 Inverness Ct E C Englewood, CO.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Office condo on Inverness Golf Course in Englewood; Built in 1974; Recent updates to kitchen, break areas, and bathrooms
