Downtown Denver Office
For Sale
$328,890
730 17th Street 4K, Denver, CO 80202
Five office units available in historic downtown building.
Property Size1,731 SF
Lot Size0.56 Acres
Price / SF$190
Days on Market1210
Property Features for 730 17th Street 4K
General Information
Standard status
Active
Size
1,731 SF
Lot size
0.56 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$9,961
Building Details
Year Built
1892
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
(303) 591-8771
Listed By:
John Dovenbarger · License #1318931
(303) 591-8771
Source:
Exitrealty
Added: May 4, 2023
Changed: Aug 8
Last Checked: Aug 8 at 12:34PM
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 purchase on the 4th floor of the historic Equitable Building in downtown Denver. Constructed in 1892, the Equitable Building is a distinctive landmark. 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). These units can be purchased individually or as a group, totaling 7,388 square feet. With the exception of Unit K, which has a short-term, month-to-month tenant, all units are vacant. Units A and B are currently joined as contiguous space. The building is scheduled for common area renovations, including new elevators and HVAC. The location is 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 a pet-friendly workspace. Photos are representative of the space.
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.
- Excellent location: One block from light rail and 16th Street Mall, with many restaurants and entertainment venues within walking distance.
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
$25,363
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%
$507,260
$507.3K
Cap Rate 7%
$362,329
$362.3K
Cap Rate 9%
$281,811
$281.8K
Market Conditions
NOI Build-Up for 1,731 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
$45.7K $26.40/SF
− Vacancy
−$11.9K −$6.86/SF
EGI
$33.8K $19.54/SF
− OpEx
−$8.5K −$4.88/SF
NOI
$25.4K $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%
$507,260
Cap Rate 7%
$362,329
Cap Rate 9%
$281,811
Alternative Uses
Best Use
Office B
$362.3K
$317.0K – $422.7K
NOI $25,363 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$551.0K
$482.2K – $642.9K
NOI $38,573 @ 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 units available in historic downtown building.
Where is this office units located?
The property is located at 730 17th Street 4K Denver, CO.
What is the asking price?
The asking price for this property is $328,890.
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.; Excellent location: One block from light rail and 16th Street Mall, with many restaurants and entertainment venues within walking distance.
