Professional Office
For Sale
$2,800,000
5878 S Rapp St, Littleton, CO 80120
Well-maintained office building with an open floorplan concept and flexibility to customize for new uses.
Property Size10,410 SF
Days on Market122
Property Features for 5878 S Rapp St
General Information
Standard status
Active
Size
10,410 SF
Class
C
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
10,410 SF
Year Built
1999
Listing Agency:
Unique Properties, Inc
Listed By:
Brett MacDougall · License #FA.100049630
(201) 274-5768
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 23
Last Checked: Oct 23 at 3:41AM
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 Unique Properties, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained professional office building features an open floorplan concept designed to allow a new user to customize the space. While it has historically been used as office space, the building also offers the ability to convert for other purposes. The property has flexible ownership options, with sale and lease options available.
The building is located directly off Santa Fe Dr near downtown Littleton, with quick access to other major highways. Previously, the property was occupied by Arapahoe Community College Administration.
Overall, the layout and configuration are aligned with office use, while the customization approach supports updates to fit a variety of potential requirements within the building’s existing structure.
The building is located directly off Santa Fe Dr near downtown Littleton, with quick access to other major highways. Previously, the property was occupied by Arapahoe Community College Administration.
Overall, the layout and configuration are aligned with office use, while the customization approach supports updates to fit a variety of potential requirements within the building’s existing structure.
Key Highlights
- Professional office building built in 1999, well maintained
- Located directly off Santa Fe Dr with quick access to other major highways
- Open floorplan concept with ability for a new user to customize
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,841
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,276,820
$2.3M
Cap Rate 7%
$1,626,300
$1.6M
Cap Rate 9%
$1,264,900
$1.3M
Market Conditions
NOI Build-Up for 10,410 SF
Gross rent
$184.9K $17.76/SF
− Vacancy
−$33.1K −$3.18/SF
EGI
$151.8K $14.58/SF
− OpEx
−$37.9K −$3.65/SF
NOI
$113.8K $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 Rate 5%
$2,276,820
Cap Rate 7%
$1,626,300
Cap Rate 9%
$1,264,900
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,841 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$154.56M
$135.24M – $180.31M
NOI $10,818,867 @ 7.0% cap · market cap 386.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with an open floorplan concept and flexibility to customize for new uses.
Where is this office building located?
The property is located at 5878 S Rapp St Littleton, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Professional office building built in 1999, well maintained; Located directly off Santa Fe Dr with quick access to other major highways; Open floorplan concept with ability for a new user to customize
