Two-Level Medical Office
New
For Sale
$1,925,000
7090 E Hampden Avenue, Denver, CO 80224
Brick professional space with direct access from E. Hampden Avenue and zoning for mixed-use development.
Property Size7,430 SF
Lot Size0.44 Acres
Price / SF$259.08
Days on Market4
Property Features for 7090 E Hampden Avenue
General Information
Standard status
Active
Size
7,430 SF
Total Parking Spaces
1
Lot size
0.44 Acres
Property subtype
Commercial
Zoning
S-MX-3A
Occupancy
65%
Property Condition
Severity
Minor
Evidence
only minimal improvements needed
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$23,980
Building Details
Building Size
7,430 SF
Year Built
1968
Buildings
1
Stories
2
Units
5
Construction
brick
Tenancy
Multi
Listing Agency:
CBRE, Inc.
(303) 583-2013
Listed By:
Monica Wiley · License #IA.100028236
(303) 583-2013
Source:
Coloradopartners
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 20 at 1:59PM
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.
This two-level brick medical office building contains ±7,430 SF on a 0.44-acre parcel and was built in 1968. The layout is designed for dental and medical office operations, with the property currently 65% occupied. Zoning is S-MX-3A.
Access is provided directly from E. Hampden Avenue, with Southmoor Park forming the surrounding backdrop. Interstate access is approximately ½ mile away via I-25, supporting convenient regional connectivity. The property offers an established medical-office format with space for continued occupancy and user customization, subject to applicable approvals and build-out requirements.
Access is provided directly from E. Hampden Avenue, with Southmoor Park forming the surrounding backdrop. Interstate access is approximately ½ mile away via I-25, supporting convenient regional connectivity. The property offers an established medical-office format with space for continued occupancy and user customization, subject to applicable approvals and build-out requirements.
Key Highlights
- ±7,430 SF two‑level medical office building on 0.44 acres
- Brick construction; built in 1968
- Designed for dental and medical office use
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
$108,864
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
5.66%
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%
$2,177,280
$2.2M
Cap Rate 7%
$1,555,200
$1.6M
Cap Rate 9%
$1,209,600
$1.2M
Market Conditions
NOI Build-Up for 7,430 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
$196.2K $26.40/SF
− Vacancy
−$51.0K −$6.86/SF
EGI
$145.2K $19.54/SF
− OpEx
−$36.3K −$4.88/SF
NOI
$108.9K $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 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%
$2,177,280
Cap Rate 7%
$1,555,200
Cap Rate 9%
$1,209,600
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.81M
NOI $108,864 @ 7.0% cap · market cap 5.66%
Second Best
Healthcare Medical
$1.41M
$1.23M – $1.64M
NOI $98,433 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,567 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
65%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80224, CO
19,199
Population
9,200
Households
2.1
Avg Household Size
39
Median Age
59%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,818
Density / Sq Mi
$82,013
Median Household Income
$52,821
Median Earnings
$1,636
Median Rent
$565,400
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Goldsmith Veterinary Clinic — 6777 E Hampden Ave, Denver, CO 80224
- Petco Vaccination Clinic — 7400 E Hampden Ave Ste 8, Denver, CO 80231
- Veterinary Emergency Group — 6305 E Hampden Ave #101, Denver, CO 80222
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick professional space with direct access from E. Hampden Avenue and zoning for mixed-use development.
Where is this medical office space located?
The property is located at 7090 E Hampden Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: ±7,430 SF two‑level medical office building on 0.44 acres; Brick construction; built in 1968; Designed for dental and medical office use
