Remodeled Office
For Sale
$320,000
730 17th Street Unit 3K, Denver, CO 80202
Professional office suite with flexible work areas and access to extensive shared building amenities.
Property Size1,638 SF
Days on Market113
Property Features for 730 17th Street Unit 3K
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Office
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,498
Amenities
common area conference room
catering kitchen
fitness center
lockers
showers
24-hour security
onsite concierge
stained glass windows
Italian marble
mosaic tiles
Building Details
Building Size
1,638 SF
Year Built
1890
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Listed By:
John Dovenbarger · License #1318931
(303) 591-8771
Source:
Corken
Added: May 20
Changed: Sep 8
Last Checked: Sep 8 at 10:50AM
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.
This office condominium in the Equitable Building combines a reception area, conference room with kitchenette, and four large private offices. The interior renovation includes 12-inch baseboards, white column pillars, and original hardwood floors. Some furnishings are included in the sale, supporting immediate occupancy for a commercial user.
Built in 1890, the building offers shared amenities including a conference room with catering kitchen, fitness center with lockers and showers, 24-hour security, and an onsite concierge or security desk. The property is located on 17th Street in Denver, near light rail, the mall shuttle, restaurants, and the federal courthouse.
Built in 1890, the building offers shared amenities including a conference room with catering kitchen, fitness center with lockers and showers, 24-hour security, and an onsite concierge or security desk. The property is located on 17th Street in Denver, near light rail, the mall shuttle, restaurants, and the federal courthouse.
Key Highlights
- Office condo in the Equitable Building, constructed in 1890
- Reception area, conference room with kitchenette, and four large offices
- Renovated with 12‑inch baseboards, white column pillars, and original hardwood floors
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
$24,000
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
7.50%
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%
$480,000
$480.0K
Cap Rate 7%
$342,857
$342.9K
Cap Rate 9%
$266,667
$266.7K
Market Conditions
NOI Build-Up for 1,638 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
$43.2K $26.40/SF
− Vacancy
−$11.2K −$6.86/SF
EGI
$32.0K $19.54/SF
− OpEx
−$8.0K −$4.88/SF
NOI
$24.0K $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%
$480,000
Cap Rate 7%
$342,857
Cap Rate 9%
$266,667
Alternative Uses
Best Use
Office B
$342.9K
$300.0K – $400.0K
NOI $24,000 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.4K
$456.3K – $608.3K
NOI $36,500 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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 - Professional office suite with flexible work areas and access to extensive shared building amenities.
Where is this office units located?
The property is located at 730 17th Street Unit 3K Denver, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Office condo in the Equitable Building, constructed in 1890; Reception area, conference room with kitchenette, and four large offices; Renovated with 12‑inch baseboards, white column pillars, and original hardwood floors
