Turnkey Office Condo with Treatment
For Sale
$149,900
8751 E Hampden Ave A5, Denver, CO 80231
Move-in-ready office condo configured with two plumbing-equipped treatment rooms and a reception area for client-facing operations.
Property Size697 SF
Days on Market48
Property Features for 8751 E Hampden Ave A5
General Information
Standard status
Active
Size
697 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,771
Building Details
Building Size
697 SF
Year Built
1980
Stories
1
Units
2
Listing Agency:
(303) 325-1988
Listed By:
Kathryn Anderson · License #100055893
(303) 325-1988
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 9 at 10:49AM
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 Kathryn Anderson
Investment Insights
Based on property information with market context.
This turnkey office condo is beautifully laid out for salon, spa, wellness, or professional office use. The space includes two private treatment rooms, with plumbing in both rooms, plus a spacious reception and waiting area designed for client check-in, retail displays, or additional workspace. A private restroom and laundry hookups are included, along with a dedicated foyer entrance. The unit is described as clean and modern and is equipped with air conditioning. The flexible configuration can be altered to fit specific business needs.
The property is located within the established Bridgecreek Office Park at 8751 E Hampden Ave, Unit A5. The remarks highlight strong accessibility in southeast Denver, with proximity to Hampden Avenue, I-25, and I-225, and the Denver Tech Center.
For buyers seeking an owner-user or an operator looking to purchase a ready-to-work space, the existing treatment-room plumbing and client reception layout support a range of health, wellness, and service-focused professional uses. The dedicated entrance and private restroom can help streamline day-to-day client flow, while the ability to reconfigure the interior may be useful for tailoring the space to a particular practice or office environment.
The property is located within the established Bridgecreek Office Park at 8751 E Hampden Ave, Unit A5. The remarks highlight strong accessibility in southeast Denver, with proximity to Hampden Avenue, I-25, and I-225, and the Denver Tech Center.
For buyers seeking an owner-user or an operator looking to purchase a ready-to-work space, the existing treatment-room plumbing and client reception layout support a range of health, wellness, and service-focused professional uses. The dedicated entrance and private restroom can help streamline day-to-day client flow, while the ability to reconfigure the interior may be useful for tailoring the space to a particular practice or office environment.
Key Highlights
- 697 SF office condo in Bridgecreek Office Park, built in 1980
- Configured for client use with a spacious reception and waiting area
- Two private treatment rooms, both with plumbing
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
$10,212
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
6.81%
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%
$204,240
$204.2K
Cap Rate 7%
$145,886
$145.9K
Cap Rate 9%
$113,467
$113.5K
Market Conditions
NOI Build-Up for 697 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
$18.4K $26.40/SF
− Vacancy
−$4.8K −$6.86/SF
EGI
$13.6K $19.54/SF
− OpEx
−$3.4K −$4.88/SF
NOI
$10.2K $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%
$204,240
Cap Rate 7%
$145,886
Cap Rate 9%
$113,467
Alternative Uses
Best Use
Office B
$145.9K
$127.7K – $170.2K
NOI $10,212 @ 7.0% cap · market cap 6.81%
Second Best
Healthcare Medical
$131.9K
$115.4K – $153.9K
NOI $9,234 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$221.9K
$194.2K – $258.9K
NOI $15,532 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Move-in-ready office condo configured with two plumbing-equipped treatment rooms and a reception area for client-facing operations.
Where is this office units located?
The property is located at 8751 E Hampden Ave A5 Denver, CO.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 697 SF office condo in Bridgecreek Office Park, built in 1980; Configured for client use with a spacious reception and waiting area; Two private treatment rooms, both with plumbing
