Bright Office Space in
For Sale
$199,000
6635 S Dayton Street #230, Greenwood Village, CO 80111
Second-floor office with natural light in Denver Tech Center.
Property Size838 SF
Price / SF$237.47
Days on Market459
Property Features for 6635 S Dayton Street #230
General Information
Standard status
Active
Size
838 SF
Taxes and HOA fees
Annual Taxes
$2,632
Building Details
Year Built
1974
Listing Agency:
LIV SOTHEBY'S INTERNATIONAL REALTY
(303) 557-8862
Listed By:
MOR ZUCKER
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 LIV SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This second-floor office space features an open layout and abundant natural light, enhanced by north-facing large windows. Located in the Denver Tech Center (DTC) in Greenwood Village, it offers convenient access to I-25 and E Arapahoe Rd. The layout includes three private offices, with dimensions of 20x12, 12x12, and 12x12 respectively. Additionally, there is a smaller room suitable for storage or a kitchenette, along with a spacious reception area. The largest office has the potential to be divided into two separate spaces, offering flexible use. The property size is 838 square feet.
Key Highlights
- Prime location in Denver Tech Center (DTC) with easy access to I‑25 and E Arapahoe Rd.
- Abundant natural light throughout the office space due to north‑facing large windows.
- Flexible layout with three private offices, including one large office that can be divided.
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
$9,164
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
4.61%
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%
$183,280
$183.3K
Cap Rate 7%
$130,914
$130.9K
Cap Rate 9%
$101,822
$101.8K
Market Conditions
NOI Build-Up for 838 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
$14.9K $17.76/SF
− Vacancy
−$2.7K −$3.18/SF
EGI
$12.2K $14.58/SF
− OpEx
−$3.1K −$3.65/SF
NOI
$9.2K $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 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%
$183,280
Cap Rate 7%
$130,914
Cap Rate 9%
$101,822
Alternative Uses
Best Use
Office B
$130.9K
$114.6K – $152.7K
NOI $9,164 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.44M
$10.89M – $14.52M
NOI $870,914 @ 7.0% cap · market cap 437.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,089
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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office with natural light in Denver Tech Center.
Where is this office units located?
The property is located at 6635 S Dayton Street #230 Greenwood Village, CO.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Prime location in Denver Tech Center (DTC) with easy access to I‑25 and E Arapahoe Rd.; Abundant natural light throughout the office space due to north‑facing large windows.; Flexible layout with three private offices, including one large office that can be divided.
