Downtown Denver Retail/Office
For Sale
Contact for pricing
730 17th St, Denver, CO 80202
Highly visible retail/office condo in historic Equitable Building.
Property Size4,740 SF
Price / SF$232.07
Days on Market140
Property Features for 730 17th St
General Information
Standard status
Active
Size
4,740 SF
Class
A
Property subtype
Office, Retail
Zoning
CBD
Investment Type
Owner/User
Building Details
Year Built
1890
Year Renovated
1990
Buildings
1
Stories
10
Listing Agency:
Antonoff & Co
(303) 623-0200
Listed By:
Jeffrey Hirschfeld · License #CO ER.001314346
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 7 at 9:25AM
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 Antonoff & Co
Investment Insights
Based on property information with market context.
This is a rare opportunity to purchase a highly visible first-floor retail/office condominium with mezzanine offices, featuring frontage on Stout Street and 17th Avenue. The unit offers a turn-key opportunity in a prime location for a financial institution or other commercial user seeking a signature location in Downtown Denver. The Equitable Building, an Italian Renaissance Revival edifice, showcases ornate finishes, Tiffany stained glass, an open curved master stairwell, intricate brass details, marble wainscoting, and marble mosaic tiles in Byzantine motifs on the vaulted ceilings, along with elegant chandeliers. Granite blocks, grey brick, terra cotta banding, and elegant details adorn the exterior. Converted to condominiums in 2011, this historic property includes two vaults, one a 35-ton circular walk-in vault, and updated clean white finishes throughout the offices, conference room, hallways, and lobby. The property contains 4,740 square feet. The Equitable Building is one of Denver's finest and most storied historic properties.
Key Highlights
- Highly visible 1st floor retail/office condominium with frontage on Stout Street and 17th Avenue in Downtown Denver.
- Rent equivalent to approximately $16.25 SF NNN, significantly lower than other 1st floor retail rents in the area.
- Turn‑key opportunity for a financial institution or commercial user seeking a signature location.
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
$69,520
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
6.32%
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%
$1,390,400
$1.4M
Cap Rate 7%
$993,143
$993.1K
Cap Rate 9%
$772,444
$772.4K
Market Conditions
NOI Build-Up for 4,740 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
$97.3K $20.52/SF
− Vacancy
−$4.6K −$0.96/SF
EGI
$92.7K $19.56/SF
− OpEx
−$23.2K −$4.89/SF
NOI
$69.5K $14.67/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /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%
$1,390,400
Cap Rate 7%
$993,143
Cap Rate 9%
$772,444
Alternative Uses
Best Use
Specialty Retail
$993.1K
$869.0K – $1.16M
NOI $69,520 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$992.1K
$868.1K – $1.16M
NOI $69,450 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,624 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14,615
Businesses Nearby
Explore this area
Business Placement
Demographics for 80202, CO
19,606
Population
14,394
Households
1.4
Avg Household Size
34
Median Age
72%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
16,338
Density / Sq Mi
$110,372
Median Household Income
$80,331
Median Earnings
$2,246
Median Rent
$677,100
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?
Bank - Highly visible retail/office condo in historic Equitable Building.
Where is this bank located?
The property is located at 730 17th St Denver, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Highly visible 1st floor retail/office condominium with frontage on Stout Street and 17th Avenue in Downtown Denver.; Rent equivalent to approximately $16.25 SF NNN, significantly lower than other 1st floor retail rents in the area.; Turn‑key opportunity for a financial institution or commercial user seeking a signature location.
