Vacant Office Condominium in Three-Building
For Sale
$385,000
8751 E Hampden Avenue Unit A6, Denver, CO 80231
Vacant office condo zoned CC-3X within a three-building professional health and services complex.
Property Size2,329 SF
Days on Market79
Property Features for 8751 E Hampden Avenue Unit A6
General Information
Standard status
Active
Size
2,329 SF
Property subtype
Office
Zoning
CC-3X
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$8,859
Building Details
Building Size
2,329 SF
Year Built
1980
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Brokers Guild Real Estate
(303) 773-3885
Listed By:
Manijeh Saeidi
Source:
Corken
Added: May 23
Changed: Aug 8
Last Checked: Aug 8 at 8:59AM
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 Brokers Guild Real Estate
Investment Insights
Based on property information with market context.
Vacant office condominium located at 8751 E Hampden Avenue Unit A6 in Denver, Colorado. The space was previously operated as a massage spa and is now available for an owner-user or a new tenant, supported by a commercial zoning designation for the property.
The condo sits within a well-established three-building complex. The professional tenant mix noted for the complex includes medical offices, chiropractic, dental, legal, insurance, acupuncture, financial services, engineering, and other health practitioners.
Zoned Commercial Corridor 3 (CC-3X), the property was built in 1980 and is positioned for compatible office and healthcare-oriented uses within the existing multi-tenant environment.
The condo sits within a well-established three-building complex. The professional tenant mix noted for the complex includes medical offices, chiropractic, dental, legal, insurance, acupuncture, financial services, engineering, and other health practitioners.
Zoned Commercial Corridor 3 (CC-3X), the property was built in 1980 and is positioned for compatible office and healthcare-oriented uses within the existing multi-tenant environment.
Key Highlights
- Vacant office condo previously operated as a massage spa
- Zoned Commercial Corridor 3 (CC‑3X)
- Part of a three‑building complex with a professional tenant mix
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
$34,125
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
8.86%
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%
$682,500
$682.5K
Cap Rate 7%
$487,500
$487.5K
Cap Rate 9%
$379,167
$379.2K
Market Conditions
NOI Build-Up for 2,329 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
$61.5K $26.40/SF
− Vacancy
−$16.0K −$6.86/SF
EGI
$45.5K $19.54/SF
− OpEx
−$11.4K −$4.88/SF
NOI
$34.1K $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%
$682,500
Cap Rate 7%
$487,500
Cap Rate 9%
$379,167
Alternative Uses
Best Use
Office B
$487.5K
$426.6K – $568.8K
NOI $34,125 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,898 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
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 - Vacant office condo zoned CC-3X within a three-building professional health and services complex.
Where is this office units located?
The property is located at 8751 E Hampden Avenue Unit A6 Denver, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Vacant office condo previously operated as a massage spa; Zoned Commercial Corridor 3 (CC‑3X); Part of a three‑building complex with a professional tenant mix
