Remodeled Office Unit with Private
New
For Sale
$175,000
8751 E Hampden Avenue #3, Denver, CO 80231
Remodeled office condominium with reception, conference, kitchenette, storage, and a private bathroom.
Property Size1,029 SF
Price / SF$168.27
Days on Market6
Property Features for 8751 E Hampden Avenue #3
General Information
Standard status
Active
Size
1,029 SF
Class
B
Total Parking Spaces
1
Property subtype
Commercial
Zoning
S-CC-3X
Taxes and HOA fees
Annual Taxes
$3,099
Amenities
lobby
reception area
private bathroom
kitchenette
conference room
private offices
storage room
utility closet
crawl space
Building Details
Building Size
1,029 SF
Year Built
1980
Units
1
Listing Agency:
Ally Realty & Finance
(720) 432-1030
Listed By:
James Ponzi
(720) 432-1030
Source:
Coloradopartners
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 10 at 12:21PM
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 Ally Realty & Finance
Investment Insights
Based on property information with market context.
This 1,040-square-foot office condominium, built in 1980 and recently remodeled, is arranged for professional operations with a lobby, reception area, three private offices, a conference room or fourth office, kitchenette, private bathroom, storage room, utility closet, and full crawl space. The configuration provides a combination of client-facing, collaborative, and private work areas within one office unit.
The property is located in Denver’s Hampden community and carries S-CC-3X zoning for suburban commercial use. Convenient parking is available, and the stated configuration supports office-based operations including medical and dental practices, legal and financial services, real estate and insurance agencies, design and engineering firms, technology companies, and consulting services.
The property is located in Denver’s Hampden community and carries S-CC-3X zoning for suburban commercial use. Convenient parking is available, and the stated configuration supports office-based operations including medical and dental practices, legal and financial services, real estate and insurance agencies, design and engineering firms, technology companies, and consulting services.
Key Highlights
- 1,040 SF remodeled office condominium
- Three private offices plus a conference room or fourth office
- Lobby, reception area, kitchenette, private bathroom, storage room, and utility closet
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
$15,238
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
8.71%
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%
$304,760
$304.8K
Cap Rate 7%
$217,686
$217.7K
Cap Rate 9%
$169,311
$169.3K
Market Conditions
NOI Build-Up for 1,040 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
$27.5K $26.40/SF
− Vacancy
−$7.1K −$6.86/SF
EGI
$20.3K $19.54/SF
− OpEx
−$5.1K −$4.88/SF
NOI
$15.2K $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%
$304,760
Cap Rate 7%
$217,686
Cap Rate 9%
$169,311
Alternative Uses
Best Use
Office B
$217.7K
$190.5K – $254.0K
NOI $15,238 @ 7.0% cap · market cap 8.71%
Second Best
Healthcare Medical
$196.8K
$172.2K – $229.6K
NOI $13,778 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$331.1K
$289.7K – $386.3K
NOI $23,175 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 80231, CO
36,014
Population
18,252
Households
2
Avg Household Size
35
Median Age
50%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
7,350
Density / Sq Mi
$73,961
Median Household Income
$48,062
Median Earnings
$1,727
Median Rent
$489,900
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 - Remodeled office condominium with reception, conference, kitchenette, storage, and a private bathroom.
Where is this office units located?
The property is located at 8751 E Hampden Avenue #3 Denver, CO.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,040 SF remodeled office condominium; Three private offices plus a conference room or fourth office; Lobby, reception area, kitchenette, private bathroom, storage room, and utility closet
