Distinctive Historic Office
For Sale
Contact for pricing
730 17th St, Denver, CO 80202
Vacant office suites with Unit K’s short-term lease ending 2/28/26, plus common area renovations including new elevators and HVAC.
Property Size1,452 SF
Price / SF$190
Days on Market1242
Property Features for 730 17th St
General Information
Standard status
Active
Size
1,452 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Amenities
fitness center
common conference room
locker storage room
onsite maintenance
security
pet-friendly workspace
Building Details
Year Built
1892
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate
Listed By:
John Dovenbarger · License #1318931
(303) 591-8771
Source:
Moodyscre
Added: Apr 26, 2023
Changed: Sep 4
Last Checked: Sep 16 at 4:04PM
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 Berkshire Hathaway HomeServices Colorado Real Estate
Investment Insights
Based on property information with market context.
The Equitable Building is a distinctive, historic office building built in 1892. All units are vacant except Unit K, which has a short-term lease expiring 2/28/26. Units A and B are currently joined as contiguous space, and the remaining units can be sold together or separately.
The building is undergoing common area renovations that include new elevators and HVAC. It is located within one-block of a light rail stop and the 16th Street Mall, with many restaurants and entertainment venues within walking distance.
The property includes a fitness center, a common conference room, a locker storage room, and a separate freight elevator. Building hours are 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday. Onsite maintenance and security are provided, and the workspace is pet-friendly.
The building is undergoing common area renovations that include new elevators and HVAC. It is located within one-block of a light rail stop and the 16th Street Mall, with many restaurants and entertainment venues within walking distance.
The property includes a fitness center, a common conference room, a locker storage room, and a separate freight elevator. Building hours are 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday. Onsite maintenance and security are provided, and the workspace is pet-friendly.
Key Highlights
- Built in 1892 distinctive office building
- All units vacant except Unit K with lease expiring 2/28/26
- Units A and B joined as contiguous space; units can be sold together or separately
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
$21,275
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
7.71%
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%
$425,500
$425.5K
Cap Rate 7%
$303,929
$303.9K
Cap Rate 9%
$236,389
$236.4K
Market Conditions
NOI Build-Up for 1,452 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
$38.3K $26.40/SF
− Vacancy
−$10.0K −$6.86/SF
EGI
$28.4K $19.54/SF
− OpEx
−$7.1K −$4.88/SF
NOI
$21.3K $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%
$425,500
Cap Rate 7%
$303,929
Cap Rate 9%
$236,389
Alternative Uses
Best Use
Office B
$303.9K
$265.9K – $354.6K
NOI $21,275 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.2K
$404.5K – $539.3K
NOI $32,356 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office suites with Unit K’s short-term lease ending 2/28/26, plus common area renovations including new elevators and HVAC.
Where is this office building located?
The property is located at 730 17th St Denver, CO.
What is the asking price?
The asking price for this property is $275,880.
What are key features of this property?
This property features: Built in 1892 distinctive office building; All units vacant except Unit K with lease expiring 2/28/26; Units A and B joined as contiguous space; units can be sold together or separately
