Remodeled Office
For Sale
$895,000
8301 E Prentice Avenue, Greenwood Village, CO 80111
Configured as a conferencing facility with a dedicated catering area and direct elevator-lobby access.
Property Size5,185 SF
Price / SF$293.06
Days on Market142
Property Features for 8301 E Prentice Avenue
General Information
Standard status
Active
Size
5,185 SF
Elevators
Yes
Property subtype
Office
Amenities
upgraded common areas
beautiful landscaping and trails
Building Details
Building Size
5,185 SF
Year Built
1974
Year Renovated
2022
Listing Agency:
Trevey Commercial Real Estate
(720) 317-9678
Listed By:
Mitch Trevey · License #EA.100031591
Source:
Commercialcafe
Added: Apr 11
Changed: Aug 30
Last Checked: Jul 17 at 3:19AM
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 Trevey Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,054-square-foot office condominium at 8301 E Prentice Ave, Suites 400 and 406, has been remodeled with Class A finishes. The space currently operates as a high-tech conferencing facility and includes a catering area, while its configuration can also accommodate a future buyer’s buildout plans. An extensive glass line brings a prominent interior profile, and entry is available directly from the elevator lobby.
The property is located in Prentice Place in Greenwood Village’s Denver Tech Center. Building amenities include covered parking, upgraded common areas, landscaping, and trails. Professional management serves the office condominium, with Belleview Promenade and Village Plaza Shops within walking distance.
The property is located in Prentice Place in Greenwood Village’s Denver Tech Center. Building amenities include covered parking, upgraded common areas, landscaping, and trails. Professional management serves the office condominium, with Belleview Promenade and Village Plaza Shops within walking distance.
Key Highlights
- 3,054 SF remodeled office condominium in Greenwood Village
- Current high‑tech conferencing facility with catering area
- Class A finishes and extensive glass line
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
$33,398
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
3.73%
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%
$667,960
$668.0K
Cap Rate 7%
$477,114
$477.1K
Cap Rate 9%
$371,089
$371.1K
Market Conditions
NOI Build-Up for 3,054 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
$54.2K $17.76/SF
− Vacancy
−$9.7K −$3.18/SF
EGI
$44.5K $14.58/SF
− OpEx
−$11.1K −$3.65/SF
NOI
$33.4K $10.94/SF
Area
Arapahoe County, CO
Vacancy
17.90%
Lease Rate
$17.76 /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%
$667,960
Cap Rate 7%
$477,114
Cap Rate 9%
$371,089
Alternative Uses
Best Use
Office B
$477.1K
$417.5K – $556.6K
NOI $33,398 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$45.34M
$39.67M – $52.90M
NOI $3,173,950 @ 7.0% cap · market cap 354.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 80111, CO
32,672
Population
13,668
Households
2.4
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
10.9 sq mi
ZIP Area
2,997
Density / Sq Mi
$132,292
Median Household Income
$71,898
Median Earnings
$2,063
Median Rent
$890,500
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 - Configured as a conferencing facility with a dedicated catering area and direct elevator-lobby access.
Where is this office units located?
The property is located at 8301 E Prentice Avenue Greenwood Village, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,054 SF remodeled office condominium in Greenwood Village; Current high‑tech conferencing facility with catering area; Class A finishes and extensive glass line
