Historic Office Condo
For Sale
$328,890
730 17th Street 4k, Denver, CO 80202
Fourth-floor commercial suites offer flexible acquisition options within a landmark downtown Denver office building.
Property Size1,731 SF
Price / SF$190
Days on Market67
Property Features for 730 17th Street 4k
General Information
Standard status
Active
Size
1,731 SF
Elevators
Yes
Additional Details
Floor
4
Public Transit
Yes
Office Units
5
Amenities
fitness center
common conference room
locker storage room
onsite maintenance and security
pet-friendly workspace
Building Details
Year Built
1892
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Listed By:
John Dovenbarger, John Dovenbarger · License #1318931
(303) 591-8771
Source:
Teamuniteddenver
Added: Jul 14
Changed: Sep 16
Last Checked: Sep 15 at 11:59PM
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 condominium units occupy the fourth floor of the Equitable Building, constructed in 1892. Unit sizes are 2,163 square feet, 640 square feet, 1,782 square feet, 675 square feet, and 2,128 square feet, totaling 7,388 square feet when acquired together. Units 4A and 4B are connected as contiguous space. Four units are vacant, while Unit 4K has a short-term, month-to-month tenant.
Planned common-area improvements include new elevators and HVAC. Building amenities include a fitness center, shared conference room, locker storage, a freight elevator, onsite maintenance, and security. The property permits pets in the workplace.
The building is located in downtown Denver at 730 17th Street, within one block of a light rail stop and the 16th Street Mall. Restaurants and entertainment venues are within walking distance.
Planned common-area improvements include new elevators and HVAC. Building amenities include a fitness center, shared conference room, locker storage, a freight elevator, onsite maintenance, and security. The property permits pets in the workplace.
The building is located in downtown Denver at 730 17th Street, within one block of a light rail stop and the 16th Street Mall. Restaurants and entertainment venues are within walking distance.
Key Highlights
- Five fourth‑floor office condo units totaling 7,388 square feet
- Unit sizes: 2,163 SF, 640 SF, 1,782 SF, 675 SF, and 2,128 SF
- Units 4A and 4B are joined as contiguous space
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
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Current Use
Lease Details
5
Office units
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
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office units - Fourth-floor commercial suites offer flexible acquisition options within a landmark downtown Denver office 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: Five fourth‑floor office condo units totaling 7,388 square feet; Unit sizes: 2,163 SF, 640 SF, 1,782 SF, 675 SF, and 2,128 SF; Units 4A and 4B are joined as contiguous space
