New Construction
For Sale
$1,590,000
4476 Utica St, Denver, CO 80212
Flexible multi-level design with customizable living, wellness, and entertainment options.
Property Size3,576 SF
Days on Market132
Property Features for 4476 Utica St
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,355
Building Details
Building Size
3,576 SF
Year Built
2026
Listing Agency:
Vision Real Estate Llc
(720) 234-3460
Listed By:
Geoffrey Stell · License #FA100079863
(720) 234-3460
Source:
Corken
Added: Apr 20
Changed: Aug 28
Last Checked: Aug 29 at 4:09PM
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 Vision Real Estate Llc
Investment Insights
Based on property information with market context.
Scheduled for completion in Spring 2027, this new-construction duplex at 4476 Utica St includes more than 3,575 finished square feet and a flexible multi-level layout. The nearly 10-foot basement can be configured, subject to construction timing, as an entertainment area with a golf simulator, a gym and wellness retreat, a home gym, or an additional bedroom or guest suite.
Upper-level possibilities include a glass-enclosed third-floor office or conversion to a fourth or fifth bedroom. Buyers may also be able to personalize selected finishes and consider options such as a wet bar, wine cellar, outdoor kitchen, custom primary closet, and dog run. The property is located in Berkeley, Denver, Colorado 80212.
Upper-level possibilities include a glass-enclosed third-floor office or conversion to a fourth or fifth bedroom. Buyers may also be able to personalize selected finishes and consider options such as a wet bar, wine cellar, outdoor kitchen, custom primary closet, and dog run. The property is located in Berkeley, Denver, Colorado 80212.
Key Highlights
- More than 3,575 finished square feet of new construction
- Nearly 10‑foot‑tall basement with multiple configuration options
- Potential golf simulator and entertainment upgrade
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
$59,428
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
3.74%
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%
$1,188,560
$1.2M
Cap Rate 7%
$848,971
$849.0K
Cap Rate 9%
$660,311
$660.3K
Market Conditions
NOI Build-Up for 3,576 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
$90.1K $25.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$84.9K $23.74/SF
− OpEx
−$25.5K −$7.12/SF
NOI
$59.4K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,188,560
Cap Rate 7%
$848,971
Cap Rate 9%
$660,311
Alternative Uses
Best Use
Multifamily LT 5
$849.0K
$742.9K – $990.5K
NOI $59,428 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$775.7K
$678.7K – $905.0K
NOI $54,297 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.14M
$996.1K – $1.33M
NOI $79,686 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible multi-level design with customizable living, wellness, and entertainment options.
Where is this duplex located?
The property is located at 4476 Utica St Denver, CO.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: More than 3,575 finished square feet of new construction; Nearly 10‑foot‑tall basement with multiple configuration options; Potential golf simulator and entertainment upgrade
