Office Building with Gym
New
For Sale
Contact for pricing
4260 Evans Ave, Denver, CO 80222
Flexible configuration includes lower-level kitchen and gym space, dedicated parking, showers, and EV charging.
Property Size14,891 SF
Price / SF$305.55
Days on Market6
Property Features for 4260 Evans Ave
General Information
Standard status
Active
Size
14,891 SF
Property subtype
OFFICE
Zoning
C-MX-5
Additional Details
Highway Access
Yes
Amenities
kitchen
gym
showers
EV charging
Listing Agency:
Northpeak Commercial Advisors
(720) 470-3646
Listed By:
Scott Fetter · License #FA100099403
(720) 470-3646
Source:
Moodyscre
Added: Aug 13
Changed: Aug 15
Last Checked: Aug 17 at 2:22PM
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 14,891-square-foot office building offers a flexible interior arrangement suited to multiple tenants. The lower level includes kitchen and gym areas, while additional property amenities include showers, dedicated parking, and EV charging stations.
The property is located at 4260 Evans Ave in Denver, with frontage along Evans Avenue and access to I-25 and Colorado Boulevard. C-MX-5 zoning supports future high-density redevelopment potential. The combination of adaptable space, on-site amenities, and established street frontage provides a practical office configuration with additional land-use flexibility.
The property is located at 4260 Evans Ave in Denver, with frontage along Evans Avenue and access to I-25 and Colorado Boulevard. C-MX-5 zoning supports future high-density redevelopment potential. The combination of adaptable space, on-site amenities, and established street frontage provides a practical office configuration with additional land-use flexibility.
Key Highlights
- 14,891‑square‑foot office building with flexible space configuration
- C‑MX‑5 zoning supports future high‑density redevelopment potential
- Evans Avenue frontage with access to I‑25 and Colorado Boulevard
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
$218,183
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
4.80%
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%
$4,363,660
$4.4M
Cap Rate 7%
$3,116,900
$3.1M
Cap Rate 9%
$2,424,256
$2.4M
Market Conditions
NOI Build-Up for 14,891 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
$393.1K $26.40/SF
− Vacancy
−$102.2K −$6.86/SF
EGI
$290.9K $19.54/SF
− OpEx
−$72.7K −$4.88/SF
NOI
$218.2K $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%
$4,363,660
Cap Rate 7%
$3,116,900
Cap Rate 9%
$2,424,256
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,183 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,824 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
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 - Flexible configuration includes lower-level kitchen and gym space, dedicated parking, showers, and EV charging.
Where is this office building located?
The property is located at 4260 Evans Ave Denver, CO.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: 14,891‑square‑foot office building with flexible space configuration; C‑MX‑5 zoning supports future high‑density redevelopment potential; Evans Avenue frontage with access to I‑25 and Colorado Boulevard
