Office Condo with Treatment
For Sale
$149,900
8751 E Hampden Avenue A5, Denver, CO 80231
Plumbed private rooms and a reception area support salon, wellness, medical, and professional office uses.
Property Size697 SF
Price / SF$215.06
Days on Market36
Property Features for 8751 E Hampden Avenue A5
General Information
Standard status
Active
Size
697 SF
Additional Details
Highway Access
Yes
Office Units
1
Amenities
air conditioning
private restroom
laundry hookups
direct exterior access
Building Details
Year Built
1980
Listing Agency:
Realty One Group Premier
Listed By:
Kathryn Anderson · License #100055893
(303) 325-1988
Source:
Pathhometeam
Added: Aug 21
Changed: Sep 24
Last Checked: Sep 24 at 12:41PM
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 Realty One Group Premier
Investment Insights
Based on property information with market context.
This 697 SF office condo includes two enclosed treatment rooms, each with plumbing, along with a reception and waiting area. The layout also provides a private restroom, laundry hookups, a dedicated foyer entrance, air conditioning, and direct exterior access from the treatment rooms. Natural light and a clean, modern interior contribute to a functional professional setting.
Positioned at 8751 E Hampden Avenue in Denver, the unit is part of Bridgecreek Office Park and has parking directly in front. Its southeast Denver location offers access near Hampden Avenue, I-25, I-225, and the Denver Tech Center. The configuration can accommodate salon, spa, wellness, healthcare, counseling, chiropractic, legal, insurance, or other professional office operations, subject to applicable requirements.
Positioned at 8751 E Hampden Avenue in Denver, the unit is part of Bridgecreek Office Park and has parking directly in front. Its southeast Denver location offers access near Hampden Avenue, I-25, I-225, and the Denver Tech Center. The configuration can accommodate salon, spa, wellness, healthcare, counseling, chiropractic, legal, insurance, or other professional office operations, subject to applicable requirements.
Key Highlights
- 697 SF office condo in Bridgecreek Office Park
- Two private treatment/salon rooms with plumbing
- Reception and waiting area with natural light
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
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Current Use
Lease Details
1
Office units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Denver, CO
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Frequently Asked Questions
What type of property is this?
Office units - Plumbed private rooms and a reception area support salon, wellness, medical, and professional office uses.
Where is this office units located?
The property is located at 8751 E Hampden Avenue 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; Two private treatment/salon rooms with plumbing; Reception and waiting area with natural light
