Renovated Two-Level Office
New
For Sale
$6,400,000
5570 DTC Parkway, Greenwood Village, CO 80111
Renovated healthcare or general office space is available within a multi-tenant property.
Property Size28,000 SF
Lot Size5.04 Acres
Days on Market2
Property Features for 5570 DTC Parkway
General Information
Standard status
Active
Size
28,000 SF
Class
B
Total Parking Spaces
1
Elevators
Yes
Lot size
5.04 Acres
Property subtype
Commercial
Zoning
TC
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$151,551
Building Details
Building Size
28,000 SF
Year Built
1966
Buildings
1
Stories
2
Units
1
Tenancy
Multi
Parking Ratio
4.25 per 1,000 SF
Listing Agency:
CBRE, Inc.
(303) 583-2013
Listed By:
Monica Wiley · License #IA.100028236
(303) 583-2013
Source:
Coloradopartners
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 3:45AM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
5570 DTC Parkway is a renovated, two-level office building on a 5.04-acre site in Greenwood Village. A full floor is available for an owner-user or incoming occupant, with improvements suited to healthcare or general office use. The building also has two tenants in place through 2026/2027, creating an established occupancy profile alongside the available space.
Building features include an elevator, sprinkler system, and updated HVAC with compressors installed in 2020. Each level has two direct entries, providing separate access points for occupants. The property includes approximately 119 parking spaces at a ratio of 4.25/1,000 SF and is zoned TC. The site is within two blocks of an RTD Light Rail station.
Building features include an elevator, sprinkler system, and updated HVAC with compressors installed in 2020. Each level has two direct entries, providing separate access points for occupants. The property includes approximately 119 parking spaces at a ratio of 4.25/1,000 SF and is zoned TC. The site is within two blocks of an RTD Light Rail station.
Key Highlights
- Renovated two‑level office building on a 5.04‑acre site
- Full floor available for an owner‑user or incoming healthcare/general office occupant
- Two tenants in place through 2026/2027
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
$328,205
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
5.13%
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%
$6,564,100
$6.6M
Cap Rate 7%
$4,688,643
$4.7M
Cap Rate 9%
$3,646,722
$3.6M
Market Conditions
NOI Build-Up for 28,000 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
$621.6K $22.20/SF
− Vacancy
−$74.6K −$2.66/SF
EGI
$547.0K $19.54/SF
− OpEx
−$218.8K −$7.81/SF
NOI
$328.2K $11.72/SF
Area
Arapahoe County, CO
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$6,564,100
Cap Rate 7%
$4,688,643
Cap Rate 9%
$3,646,722
Alternative Uses
Best Use
Healthcare Medical
$4.69M
$4.10M – $5.47M
NOI $328,205 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$4.37M
$3.83M – $5.10M
NOI $306,200 @ 7.0% cap · market cap 4.78%
Theoretical Best
Multifamily LT 5
$415.71M
$363.75M – $485.00M
NOI $29,099,738 @ 7.0% cap · market cap 454.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 80111, CO
32,672
Population
13,668
Households
2.4
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
10.9 sq mi
ZIP Area
2,997
Density / Sq Mi
$132,292
Median Household Income
$71,898
Median Earnings
$2,063
Median Rent
$890,500
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Renovated healthcare or general office space is available within a multi-tenant property.
Where is this office building located?
The property is located at 5570 DTC Parkway Greenwood Village, CO.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Renovated two‑level office building on a 5.04‑acre site; Full floor available for an owner‑user or incoming healthcare/general office occupant; Two tenants in place through 2026/2027
