NNN Office
New
For Sale
$319,900
66 S Main Street, Brighton, CO 80601
Renovated office building with open workspace, a welcoming entry area, and basement storage.
Property Size2,100 SF
Price / SF$209.77
Days on Market2
Property Features for 66 S Main Street
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
DT
Additional Details
Cap Rate
5.7%
Taxes and HOA fees
Annual Taxes
$5,192
Building Details
Building Size
2,100 SF
Year Built
1957
Year Renovated
2013
Buildings
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
MB HEPP REALTY LLC
(303) 520-4340
Listed By:
Jan Hepp-Struck
(303) 520-4340
Source:
Coloradopartners
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 9:18AM
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 MB HEPP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,525-square-foot office building combines an open interior layout with cubicle work areas, a defined entrance, and one large bathroom. A basement or cellar provides storage use. The property was renovated in 2013 and has operated under an NNN lease with approximately 2.5 years remaining. The reported cap rate is 5.7%.
The building is at 66 S Main Street in downtown Brighton, across from Wells Fargo Bank. The surrounding downtown area includes restaurants, retail, services, art, and entertainment. Street parking serves the property, and the site is zoned DT.
The building is at 66 S Main Street in downtown Brighton, across from Wells Fargo Bank. The surrounding downtown area includes restaurants, retail, services, art, and entertainment. Street parking serves the property, and the site is zoned DT.
Key Highlights
- 1,525‑square‑foot office building renovated in 2013
- NNN lease with approximately 2.5 years remaining
- 5.7% cap rate as represented by the seller
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
$19,455
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
6.08%
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%
$389,100
$389.1K
Cap Rate 7%
$277,929
$277.9K
Cap Rate 9%
$216,167
$216.2K
Market Conditions
NOI Build-Up for 1,525 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
$27.5K $18.00/SF
− Vacancy
−$1.5K −$0.99/SF
EGI
$25.9K $17.01/SF
− OpEx
−$6.5K −$4.25/SF
NOI
$19.5K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /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%
$389,100
Cap Rate 7%
$277,929
Cap Rate 9%
$216,167
Alternative Uses
Best Use
Office B
$277.9K
$243.2K – $324.3K
NOI $19,455 @ 7.0% cap · market cap 6.08%
Second Best
Retail
$246.2K
$215.5K – $287.3K
NOI $17,236 @ 7.0% cap · market cap 5.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Renovated office building with open workspace, a welcoming entry area, and basement storage.
Where is this nnn property located?
The property is located at 66 S Main Street Brighton, CO.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1,525‑square‑foot office building renovated in 2013; NNN lease with approximately 2.5 years remaining; 5.7% cap rate as represented by the seller
