Multi-Level Office Unit with
New
For Sale
$2,250,000
730 17th Street Unit 109, Denver, CO 80202
Executive offices, private bathrooms, kitchen, and conference space span a multi-level suite.
Property Size7,294 SF
Days on Market4
Property Features for 730 17th Street Unit 109
General Information
Standard status
Active
Size
7,294 SF
Elevators
Yes
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$25,251
Amenities
fitness center
common conference room
locker storage room
onsite maintenance
security
pet-friendly workspace
Building Details
Building Size
7,294 SF
Year Built
1892
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Listed By:
John Dovenbarger · License #1318931
(303) 591-8771
Source:
Eliselosassore
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 3:12PM
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, LLC
Investment Insights
Based on property information with market context.
Office Unit 109 occupies three interior levels within The Equitable Building, constructed in 1892. The suite includes two executive offices with private bathrooms, five additional offices, a bullpen area, kitchen, and a large conference room. An outdoor balcony is located on the 4th level, while the interiors feature detailed finishes throughout.
Common-area improvements are planned, including new elevators and HVAC. Building amenities include a fitness center, shared conference room, locker storage, freight elevator, onsite maintenance, and security. The workspace is pet-friendly, with building hours from 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday.
The building is within one block of a light rail stop and the 16th Street Mall, with restaurants and entertainment venues within walking distance.
Common-area improvements are planned, including new elevators and HVAC. Building amenities include a fitness center, shared conference room, locker storage, freight elevator, onsite maintenance, and security. The workspace is pet-friendly, with building hours from 7:00 AM to 6:00 PM Monday through Friday and 7:00 AM to 3:00 PM on Saturday.
The building is within one block of a light rail stop and the 16th Street Mall, with restaurants and entertainment venues within walking distance.
Key Highlights
- Three interior office levels with a 4th level outdoor balcony
- Two executive offices, each with a bathroom
- Five additional offices, bullpen area, kitchen, and large conference room
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
$106,872
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
4.75%
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%
$2,137,440
$2.1M
Cap Rate 7%
$1,526,743
$1.5M
Cap Rate 9%
$1,187,467
$1.2M
Market Conditions
NOI Build-Up for 7,294 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
$192.6K $26.40/SF
− Vacancy
−$50.1K −$6.86/SF
EGI
$142.5K $19.54/SF
− OpEx
−$35.6K −$4.88/SF
NOI
$106.9K $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%
$2,137,440
Cap Rate 7%
$1,526,743
Cap Rate 9%
$1,187,467
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $106,872 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,536 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Executive offices, private bathrooms, kitchen, and conference space span a multi-level suite.
Where is this office units located?
The property is located at 730 17th Street Unit 109 Denver, CO.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Three interior office levels with a 4th level outdoor balcony; Two executive offices, each with a bathroom; Five additional offices, bullpen area, kitchen, and large conference room
