Downtown Denver Office Condo
For Sale
$275,880
730 17th Street #4H, Denver, CO 80202
Five office condo units available in historic downtown building.
Property Size1,452 SF
Lot Size0.56 Acres
Price / SF$190
Days on Market1211
Property Features for 730 17th Street #4H
General Information
Standard status
Active
Size
1,452 SF
Lot size
0.56 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,353
Amenities
220 Volts
Membrane Roof
Near Public Transit
Building Details
Year Built
1892
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES COLORADO REAL ESTATE, LLC
(303) 289-7009
Listed By:
STEPHANIE JOHNSTON · License #100088041
Source:
Corcoran
Added: May 2, 2023
Changed: Aug 8
Last Checked: Aug 8 at 1:38PM
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.
Five office condo units are available for sale on the 4th floor of the historic Equitable Building in downtown Denver. The units include 4A (2,163 square feet), 4B (640 square feet), 4H (1,782 square feet), 4J (675 square feet), and 4K (2,128 square feet). The units can be purchased individually or as a group, providing a total of 7,388 square feet. Constructed in 1892, the Equitable Building is a distinctive landmark. All units are currently vacant, except for Unit K, which has a short-term, month-to-month tenant. Units A and B are joined as contiguous space. Common area renovations are planned for the building, including new elevators and HVAC. The building is located within one block of a light rail stop and the 16th Street Mall, with numerous restaurants and entertainment venues within walking distance. Building amenities include a fitness center, common conference room, locker storage room, and a separate freight elevator. Onsite maintenance and security are provided, and the building is pet-friendly.
Key Highlights
- Potential to purchase individually or as a group for a total of 7,388 s.f.
- Located in the prestigious and historic Equitable Building in downtown Denver.
- Building undergoing common area renovation including new elevators and HVAC.
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
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?
Office units - Five office condo units available in historic downtown building.
Where is this office units located?
The property is located at 730 17th Street #4H 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: Potential to purchase individually or as a group for a total of 7,388 s.f.; Located in the prestigious and historic Equitable Building in downtown Denver.; Building undergoing common area renovation including new elevators and HVAC.
