Littleton Medical/Office Building For
For Sale
$4,750,000
7761 Shaffer Pkwy, Littleton, CO 80127
30,447 SF medical/office building in Littleton, CO for sale.
Property Size30,447 SF
Price / SF$156.01
Days on Market206
Property Features for 7761 Shaffer Pkwy
General Information
Standard status
Active
Size
30,447 SF
Class
B
Property subtype
Office
Building Details
Building Size
30,447 SF
Year Built
2000
Listing Agency:
(303) 587-6096
Listed By:
Greg Titus
(303) 587-6096
Source:
Pinnaclerea
Added: Jan 27
Changed: Aug 13
Last Checked: Aug 21 at 4:37AM
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 Greg Titus
Investment Insights
Based on property information with market context.
The property at 7761 Shaffer Parkway in Littleton, CO, is a 30,447 square foot medical/office building constructed in 2000. It features high-quality finishes and views of the foothills. Over 60% of the property is occupied by medical tenants. The property is located within the Ken Caryl business community, offering access to C-470, ample parking, and proximity to housing. The location is near dining options and outdoor attractions such as Deer Creek Canyon Park and Chatfield State Park. The surrounding community of Littleton offers a blend of amenities and natural beauty. The downtown area features shops and dining. Littleton's access to highways and public transportation provides connectivity, while a local economy and a workforce make it an attractive investment opportunity for office space. Recent capital expenditures exceeding $1 million have been made. The property is situated in a professional business park setting and has quick access to C-470 and the Southwest Denver Region.
Key Highlights
- Strong and stable tenant mix with over 60% medical occupancy, ideal for investors seeking reliable income.
- Quick access to C‑470 and the Southwest Denver region.
- High‑quality finishes throughout the 30,447 SF building.
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
$436,959
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
9.20%
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%
$8,739,180
$8.7M
Cap Rate 7%
$6,242,271
$6.2M
Cap Rate 9%
$4,855,100
$4.9M
Market Conditions
NOI Build-Up for 30,447 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
$873.2K $28.68/SF
− Vacancy
−$145.0K −$4.76/SF
EGI
$728.3K $23.92/SF
− OpEx
−$291.3K −$9.57/SF
NOI
$437.0K $14.35/SF
Area
Douglas County, CO
Vacancy
16.60%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
40.00%
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%
$8,739,180
Cap Rate 7%
$6,242,271
Cap Rate 9%
$4,855,100
Alternative Uses
Best Use
Office B
$7.58M
$6.63M – $8.84M
NOI $530,572 @ 7.0% cap · market cap 11.17%
Second Best
Healthcare Medical
$6.24M
$5.46M – $7.28M
NOI $436,959 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$10.46M
$9.15M – $12.20M
NOI $732,058 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
784
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 30,447 SF medical/office building in Littleton, CO for sale.
Where is this office building located?
The property is located at 7761 Shaffer Pkwy Littleton, CO.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Strong and stable tenant mix with over 60% medical occupancy, ideal for investors seeking reliable income.; Quick access to C‑470 and the Southwest Denver region.; High‑quality finishes throughout the 30,447 SF building.
