Historic Office Condominium
For Sale
Contact for pricing
730 17th St, Denver, CO 80202
Second-floor office space with an exclusive patio, original hardwood flooring, and 14-foot ceilings in Denver’s Equitable Building.
Property Size5,692 SF
Price / SF$199.40
Days on Market516
Property Features for 730 17th St
General Information
Standard status
Active
Size
5,692 SF
Net Rentable
5,692 SF
Property subtype
OFFICE
Additional Details
Floor
2
Public Transit
Yes
Amenities
private exclusive outdoor patio
original hardwood flooring
high ceilings
property management on-site
building conference room
fitness and shower facilities
on-site 24/7 security
Building Details
Year Built
1892
Buildings
1
Tenancy
Multi
Listing Agency:
Unique Properties, Inc.
(303) 321-5888
Listed By:
Marc Lippitt · License #ER.000183921
(303) 321-5888
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Aug 12
Last Checked: Aug 24 at 9:08AM
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 Unique Properties, Inc.
Investment Insights
Based on property information with market context.
Suite 200 comprises suites 2A, 2B, and 2C, offered for purchase as a unified office condominium in the Equitable Building at 730 17th St. Constructed in 1892, the building has been converted into individually owned office condominiums. The second-floor suite contains 5,692 rentable square feet, an exclusive outdoor patio, original hardwood flooring, and 14-foot ceilings. The space is positioned near the building’s elegant staircase and can be customized or renovated to suit the purchaser’s plans.
Building amenities include a marble-finished lobby with original Tiffany glasswork, an on-site property management team, conference room, fitness and shower facilities, and 24/7 security. The property is located at the corner of 17th Street and Stout Street, one block from multiple Light-Rail Stations and within walking distance of the 16th Street Mall. Nearby dining and shopping options add to the surrounding downtown setting.
Building amenities include a marble-finished lobby with original Tiffany glasswork, an on-site property management team, conference room, fitness and shower facilities, and 24/7 security. The property is located at the corner of 17th Street and Stout Street, one block from multiple Light-Rail Stations and within walking distance of the 16th Street Mall. Nearby dining and shopping options add to the surrounding downtown setting.
Key Highlights
- 5,692 rentable square feet encompassing suites 2A, 2B, and 2C
- Exclusive outdoor patio with original hardwood flooring
- 14‑foot ceilings throughout the suite
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
$83,399
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
7.35%
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%
$1,667,980
$1.7M
Cap Rate 7%
$1,191,414
$1.2M
Cap Rate 9%
$926,656
$926.7K
Market Conditions
NOI Build-Up for 5,692 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
$150.3K $26.40/SF
− Vacancy
−$39.1K −$6.86/SF
EGI
$111.2K $19.54/SF
− OpEx
−$27.8K −$4.88/SF
NOI
$83.4K $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%
$1,667,980
Cap Rate 7%
$1,191,414
Cap Rate 9%
$926,656
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,399 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,838 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Second-floor office space with an exclusive patio, original hardwood flooring, and 14-foot ceilings in Denver’s Equitable Building.
Where is this office units located?
The property is located at 730 17th St Denver, CO.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: 5,692 rentable square feet encompassing suites 2A, 2B, and 2C; Exclusive outdoor patio with original hardwood flooring; 14‑foot ceilings throughout the suite
