Dual-Entrance Office
For Sale
Contact for pricing
7691 Shaffer Pkwy., Littleton, CO 80127
Two adjacent office spaces with separate entrances, signs, and restrooms, in a 2007 office condominium complex with ample parking.
Property Size4,849 SF
Price / SF$309.34
Days on Market121
Property Features for 7691 Shaffer Pkwy.
General Information
Standard status
Active
Size
4,849 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
MU-PUD
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
reserved parking
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Fuller Real Estate
Listed By:
Mike Haley · License #CO EA1287845
(720) 309-3413
Source:
Crexi
Added: May 9
Changed: Aug 26
Last Checked: Sep 5 at 9:58AM
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 Fuller Real Estate
Investment Insights
Based on property information with market context.
This offering is part of the Courtyards at Deer Creek Office Condominiums, a nine-building office condominium complex developed in 2007. The condominium consists of two adjacent office spaces with separate entrances, signs, and restrooms. The north side measures 3,928 square feet and the south side measures 921 square feet, and each side operates as a distinct suite.
The property is located on Shaffer Parkway just south of W. Ken Caryl Ave, with easy access to C-470. The PUD zoning allows office and professional uses, and the complex provides ample parking, including reserved parking.
The seller could lease back one of the sides, providing flexibility for occupancy timing after the sale.
The property is located on Shaffer Parkway just south of W. Ken Caryl Ave, with easy access to C-470. The PUD zoning allows office and professional uses, and the complex provides ample parking, including reserved parking.
The seller could lease back one of the sides, providing flexibility for occupancy timing after the sale.
Key Highlights
- Part of the Courtyards at Deer Creek Office Condominiums, a nine‑building complex developed in 2007
- Two adjacent office spaces with separate entrances, signs, and restrooms
- North office totals 3,928 sq. ft.; south office totals 921 sq. ft.
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
$84,499
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
5.63%
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%
$1,689,980
$1.7M
Cap Rate 7%
$1,207,129
$1.2M
Cap Rate 9%
$938,878
$938.9K
Market Conditions
NOI Build-Up for 4,849 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
$135.6K $27.96/SF
− Vacancy
−$22.9K −$4.73/SF
EGI
$112.7K $23.23/SF
− OpEx
−$28.2K −$5.81/SF
NOI
$84.5K $17.43/SF
Area
Douglas County, CO
Vacancy
16.90%
Lease Rate
$27.96 /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%
$1,689,980
Cap Rate 7%
$1,207,129
Cap Rate 9%
$938,878
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,499 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,588 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
726
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 - Two adjacent office spaces with separate entrances, signs, and restrooms, in a 2007 office condominium complex with ample parking.
Where is this office units located?
The property is located at 7691 Shaffer Pkwy. Littleton, CO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Part of the Courtyards at Deer Creek Office Condominiums, a nine‑building complex developed in 2007; Two adjacent office spaces with separate entrances, signs, and restrooms; North office totals 3,928 sq. ft.; south office totals 921 sq. ft.
