Denver Office Suites For
For Sale
$739,000
814-818 19th Ave, Denver, CO 80218
Turn-key office suites in vibrant North Capitol Hill neighborhood.
Property Size3,087 SF
Price / SF$239.39
Days on Market319
Property Features for 814-818 19th Ave
General Information
Standard status
Active
Size
3,087 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$17,536
Amenities
3
5 Parking Spaces.
Building Details
Year Built
1906
Listing Agency:
Kaufman Hagan Commercial Real Estate
(720) 984-0419
Listed By:
Kaufman Hagan · License #ER100049712
(720) 984-0419
Source:
Xome
Added: Oct 16, 2025
Changed: Aug 25
Last Checked: Aug 29 at 6:50AM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Denver’s vibrant North Capitol Hill neighborhood, also known as Uptown, the property at 814-818 E 19th Avenue comprises two combined office suites. The location offers an urban lifestyle with walkability, public transit options, and access to dining and recreational amenities. The property features turn-key office suites, a newer roof, sewer line, and HVAC system. The Home Owners Association fees are low. The property presents an owner-user opportunity with potential rental income. The two units total 3,087 square feet, but can be split into two 1,543 square foot units. The property is situated in the heart of North Capitol Hill/Uptown, minutes from downtown Denver. Multiple RTD bus routes and light rail stations are nearby. Convenient access is available from Park Ave to I-25 and Colfax Ave. The location has a Walk Score of 95, indicating it is a Walker's Paradise.
Key Highlights
- Prime location in the heart of North Capitol Hill/Uptown, a 'Walker's Paradise' with a score of 95.
- Turn‑key office suites offering an owner‑user opportunity with potential rental income.
- Two combined units totaling 3,087 SF, with the option to split into two 1,543 SF units.
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
$45,231
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
6.12%
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%
$904,620
$904.6K
Cap Rate 7%
$646,157
$646.2K
Cap Rate 9%
$502,567
$502.6K
Market Conditions
NOI Build-Up for 3,087 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
$81.5K $26.40/SF
− Vacancy
−$21.2K −$6.86/SF
EGI
$60.3K $19.54/SF
− OpEx
−$15.1K −$4.88/SF
NOI
$45.2K $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%
$904,620
Cap Rate 7%
$646,157
Cap Rate 9%
$502,567
Alternative Uses
Best Use
Office B
$646.2K
$565.4K – $753.9K
NOI $45,231 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.7K
$859.9K – $1.15M
NOI $68,789 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
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 - Turn-key office suites in vibrant North Capitol Hill neighborhood.
Where is this office units located?
The property is located at 814-818 19th Ave Denver, CO.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Prime location in the heart of North Capitol Hill/Uptown, a 'Walker's Paradise' with a score of 95.; Turn‑key office suites offering an owner‑user opportunity with potential rental income.; Two combined units totaling 3,087 SF, with the option to split into two 1,543 SF units.
