Ground-Level Office Condo
For Sale
Contact for pricing
7621 Shaffer Pkwy, Littleton, CO 80127
Ground-level office condo features two HVAC units, ADA restrooms, and a kitchenette with private main entrance.
Property Size1,993 SF
Price / SF$363.71
Days on Market88
Property Features for 7621 Shaffer Pkwy
General Information
Standard status
Active
Size
1,993 SF
Property subtype
OFFICE
Additional Details
Sprinkler System
Yes
Amenities
kitchenette
building signage allowed
Listing Agency:
Kinsey & Company Commercial Real Estate
(720) 833-4618
Listed By:
Jason F. Kinsey
(720) 280-5757
Source:
Moodyscre
Added: Jul 3
Changed: Sep 2
Last Checked: Sep 28 at 6:14AM
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 Kinsey & Company Commercial Real Estate
Investment Insights
Based on property information with market context.
This rare office condo offers a high-finish interior with exposed ceiling and spiral duct work. The unit includes two HVAC units designed to provide one ton per 320 square feet, two ADA restrooms, and a kitchenette. Additional storage is built above the restrooms and offices, adding intentionally constructed storage space without taking from usable office area. The space is equipped with a full sprinkler system and includes three separate doors for ingress/egress.
The condo provides a ground-level, private main entrance. Building signage is allowed, and the owners association is described as well maintained and intended to simplify property ownership.
The building’s co-tenants/owners are described as including medical uses and professional offices. Multiple entry points and ADA restrooms support practical day-to-day access and operations within the suite.
The condo provides a ground-level, private main entrance. Building signage is allowed, and the owners association is described as well maintained and intended to simplify property ownership.
The building’s co-tenants/owners are described as including medical uses and professional offices. Multiple entry points and ADA restrooms support practical day-to-day access and operations within the suite.
Key Highlights
- Ground‑level office condo with a private main entrance
- High‑end build features two HVAC units and ADA restrooms
- 287 SF of storage built above restrooms and offices, designed to avoid wasting usable SF
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
$26,858
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
3.71%
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%
$537,160
$537.2K
Cap Rate 7%
$383,686
$383.7K
Cap Rate 9%
$298,422
$298.4K
Market Conditions
NOI Build-Up for 1,993 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
$40.4K $20.28/SF
− Vacancy
−$4.6K −$2.31/SF
EGI
$35.8K $17.97/SF
− OpEx
−$9.0K −$4.49/SF
NOI
$26.9K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$537,160
Cap Rate 7%
$383,686
Cap Rate 9%
$298,422
Alternative Uses
Best Use
Office B
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.44M
$3.88M – $5.17M
NOI $310,460 @ 7.0% cap · market cap 42.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 80127, CO
44,776
Population
17,507
Households
2.6
Avg Household Size
43
Median Age
60%
College-Educated
98%
High-School Grad
66.4 sq mi
ZIP Area
674
Density / Sq Mi
$137,753
Median Household Income
$70,039
Median Earnings
$2,102
Median Rent
$663,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground-level office condo features two HVAC units, ADA restrooms, and a kitchenette with private main entrance.
Where is this office units located?
The property is located at 7621 Shaffer Pkwy Littleton, CO.
What is the asking price?
The asking price for this property is $724,875.
What are key features of this property?
This property features: Ground‑level office condo with a private main entrance; High‑end build features two HVAC units and ADA restrooms; 287 SF of storage built above restrooms and offices, designed to avoid wasting usable SF
