Downtown Office Suite with Two
For Sale
$289,000
701-1800 Glenarm Pl, Denver, CO 80204
Broad windows bring daylight and city and mountain views into the workspace.
Property Size1,166 SF
Price / SF$247.86
Days on Market20
Property Features for 701-1800 Glenarm Pl
General Information
Standard status
Active
Size
1,166 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,922
Listing Agency:
Kentwood Commercial, Llc
(303) 773-3399
Listed By:
Karen Zeile
(303) 947-3665
Source:
Exprealty
Added: Sep 17
Changed: Oct 1
Last Checked: Oct 5 at 8:19PM
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 Kentwood Commercial, Llc
Investment Insights
Based on property information with market context.
Suite 701 offers 1,166 square feet with two private offices and an open work area that can accommodate additional workstations or a conference setup. A kitchen and break area serve the suite, while broad windows provide natural light and views of Denver and the mountains.
The office is in Downtown Denver, near dining, retail, and entertainment options, with access to I-25 and public transportation. A mixed-use development is underway next door.
The office is in Downtown Denver, near dining, retail, and entertainment options, with access to I-25 and public transportation. A mixed-use development is underway next door.
Key Highlights
- 1,166 square feet in Suite 701
- Two private offices plus an open work area
- Kitchen and break area within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,084
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,680
$341.7K
Cap Rate 7%
$244,057
$244.1K
Cap Rate 9%
$189,822
$189.8K
Market Conditions
NOI Build-Up for 1,166 SF
Gross rent
$30.8K $26.40/SF
− Vacancy
−$8.0K −$6.86/SF
EGI
$22.8K $19.54/SF
− OpEx
−$5.7K −$4.88/SF
NOI
$17.1K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,680
Cap Rate 7%
$244,057
Cap Rate 9%
$189,822
Alternative Uses
Best Use
Office B
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.2K
$324.8K – $433.1K
NOI $25,983 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Broad windows bring daylight and city and mountain views into the workspace.
Where is this office units located?
The property is located at 701-1800 Glenarm Pl Denver, CO.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,166 square feet in Suite 701; Two private offices plus an open work area; Kitchen and break area within the suite
