Updated Duplex with Finished
For Sale
$437,900
4873 Cornish Ct, Denver, CO 80239
Flexible residential property with finished lower-level space, outdoor entertaining improvements, and access to regional commuter routes.
Property Size1,930 SF
Days on Market131
Property Features for 4873 Cornish Ct
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,770
Amenities
finished basement
spacious deck with retractable awning
low-maintenance turf
fire pit
extra storage above garage
Building Details
Building Size
1,930 SF
Year Built
2000
Listing Agency:
Keller Williams Realty Downtown LLC
(720) 656-8933
Listed By:
Luis Rodriguez
(720) 656-8933
Source:
Corken
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 6:20PM
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 Keller Williams Realty Downtown LLC
Investment Insights
Based on property information with market context.
This duplex property includes a four-bedroom, three-and-a-half-bath configuration with an open main living area and finished basement. The lower level adds another bedroom and full bathroom, while bathrooms are distributed across the home’s levels. Additional storage is located above the garage. Recent improvements include a newer roof and updated interiors.
Outdoor features include a private backyard, spacious deck, retractable awning, low-maintenance turf, and fire pit. The property is located at 4873 Cornish Ct in Denver, near Montbello Central Park, shopping, and restaurants. Access to I-70, I-225, and Pena Boulevard connects the property with downtown Denver and Denver International Airport. Built in 2000, the residence combines multiple living areas with practical storage and outdoor amenities.
Outdoor features include a private backyard, spacious deck, retractable awning, low-maintenance turf, and fire pit. The property is located at 4873 Cornish Ct in Denver, near Montbello Central Park, shopping, and restaurants. Access to I-70, I-225, and Pena Boulevard connects the property with downtown Denver and Denver International Airport. Built in 2000, the residence combines multiple living areas with practical storage and outdoor amenities.
Key Highlights
- Four‑bedroom, three‑and‑a‑half‑bath residential configuration
- Finished basement with an additional bedroom and full bathroom
- Bathrooms located on every level
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
$28,256
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
6.45%
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%
$565,120
$565.1K
Cap Rate 7%
$403,657
$403.7K
Cap Rate 9%
$313,956
$314.0K
Market Conditions
NOI Build-Up for 1,930 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
$42.8K $22.20/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$40.4K $20.91/SF
− OpEx
−$12.1K −$6.27/SF
NOI
$28.3K $14.64/SF
Area
ZIP 80239
Vacancy
5.79%
Lease Rate
$22.20 /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%
$565,120
Cap Rate 7%
$403,657
Cap Rate 9%
$313,956
Alternative Uses
Best Use
Multifamily LT 5
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,955 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$621.0K
$543.4K – $724.5K
NOI $43,468 @ 7.0% cap · market cap 9.93%
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
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 80239, CO
46,177
Population
13,892
Households
3.3
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
10.3 sq mi
ZIP Area
4,483
Density / Sq Mi
$86,661
Median Household Income
$41,106
Median Earnings
$1,903
Median Rent
$394,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible residential property with finished lower-level space, outdoor entertaining improvements, and access to regional commuter routes.
Where is this duplex located?
The property is located at 4873 Cornish Ct Denver, CO.
What is the asking price?
The asking price for this property is $437,900.
What are key features of this property?
This property features: Four‑bedroom, three‑and‑a‑half‑bath residential configuration; Finished basement with an additional bedroom and full bathroom; Bathrooms located on every level
