Remodeled Two-Story Office
For Sale
Contact for pricing
4219 S Broadway, Englewood, CO 80113
Remodeled office property with attached fenced storage and dedicated parking along South Broadway.
Property Size2,995 SF
Lot Size0.14 Acres
Price / SF$258.76
Days on Market21
Property Features for 4219 S Broadway
General Information
Standard status
Active
Size
2,995 SF
Total Parking Spaces
10
Lot size
0.14 Acres
Property subtype
OFFICE
Amenities
storage shed
Building Details
Year Built
1977
Year Renovated
2015
Buildings
1
Stories
2
Building Size
2,995 SF
Listing Agency:
Northpeak Commercial Advisors
(720) 738-1949
Listed By:
David Ray · License #FA.100104966
(720) 990-3395
Source:
Moodyscre
Added: Aug 13
Changed: Aug 29
Last Checked: Sep 1 at 8:38PM
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 Northpeak Commercial Advisors
Investment Insights
Based on property information with market context.
This two-story office building contains 2,995 square feet on a 0.14-acre site. Constructed in 1977 and remodeled in 2015, the property has received additional improvements including LED lighting throughout, new flooring, and an HVAC system installed in 2022. An attached, fenced storage shed is located on the north side of the building.
The property is positioned along South Broadway in Englewood, Colorado, with signage visibility on the corridor. Ten dedicated parking spaces provide on-site parking for occupants and visitors. Its urban infill setting and office configuration support both owner-user and investment applications.
The property is positioned along South Broadway in Englewood, Colorado, with signage visibility on the corridor. Ten dedicated parking spaces provide on-site parking for occupants and visitors. Its urban infill setting and office configuration support both owner-user and investment applications.
Key Highlights
- 2,995‑square‑foot, two‑story office building
- 0.14‑acre site along South Broadway in Englewood, Colorado
- Originally built in 1977 and remodeled in 2015
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
$32,752
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
4.23%
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%
$655,040
$655.0K
Cap Rate 7%
$467,886
$467.9K
Cap Rate 9%
$363,911
$363.9K
Market Conditions
NOI Build-Up for 2,995 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
$53.2K $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 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%
$655,040
Cap Rate 7%
$467,886
Cap Rate 9%
$363,911
Alternative Uses
Best Use
Office B
$467.9K
$409.4K – $545.9K
NOI $32,752 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.47M
$38.91M – $51.88M
NOI $3,112,633 @ 7.0% cap · market cap 401.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled office property with attached fenced storage and dedicated parking along South Broadway.
Where is this office building located?
The property is located at 4219 S Broadway Englewood, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,995‑square‑foot, two‑story office building; 0.14‑acre site along South Broadway in Englewood, Colorado; Originally built in 1977 and remodeled in 2015
