Inverness Business Park Office
For Sale
Contact for pricing
88 INVERNESS CIR E, Englewood, CO 80112
Office space in master-planned Inverness Business Park.
Property Size1,616 SF
Price / SF$315
Days on Market110
Property Features for 88 INVERNESS CIR E
General Information
Standard status
Active
Size
1,616 SF
Class
B
Property subtype
Office
Zoning
PUD
Building Details
Year Built
2006
Stories
1
Units
4
Listing Agency:
Resolute Inc
(303) 842-1869
Listed By:
Jack Rohr · License #ER100067283
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Aug 29 at 11:41AM
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 Resolute Inc
Investment Insights
Based on property information with market context.
Located within the 980-acre Inverness Business Park, this office space benefits from a master-planned development with numerous amenities. These include the Colorado Athletic Club, a 302-room Inverness Hotel featuring state-of-the-art conference facilities, fine dining options, and an 18-hole championship golf course. The southern part of Inverness Business Park provides a jogging/walking trail, sports fields, picnic areas, and a pond. The property offers convenient access to major highways, including I-25, I-225, E-470, and C-470. Park Meadows Mall and a variety of quick-serve and full-service restaurants are located just minutes away. The office space provides operable windows that offer fresh air and views of landscaping, the golf course, and courtyards. With over three decades of experience, Office Court has tailored its product to meet the needs of small businesses, earning several design and planning accolades. The property offers customized space plans, expansion possibilities, adaptable lease terms, and a streamlined deal process. The property size is 1616 square feet.
Key Highlights
- Premier location within the 980‑acre Inverness Business Park.
- Access to amenities including the Colorado Athletic Club, Inverness Hotel, golf course, and dining.
- Convenient access to major highways (I‑25, I‑225, E‑470, C‑470).
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
$17,672
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
3.47%
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%
$353,440
$353.4K
Cap Rate 7%
$252,457
$252.5K
Cap Rate 9%
$196,356
$196.4K
Market Conditions
NOI Build-Up for 1,616 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
$28.7K $17.76/SF
− Vacancy
−$5.1K −$3.18/SF
EGI
$23.6K $14.58/SF
− OpEx
−$5.9K −$3.65/SF
NOI
$17.7K $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%
$353,440
Cap Rate 7%
$252,457
Cap Rate 9%
$196,356
Alternative Uses
Best Use
Office B
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.99M
$20.99M – $27.99M
NOI $1,679,471 @ 7.0% cap · market cap 329.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
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 - Office space in master-planned Inverness Business Park.
Where is this office units located?
The property is located at 88 INVERNESS CIR E Englewood, CO.
What is the asking price?
The asking price for this property is $509,040.
What are key features of this property?
This property features: Premier location within the 980‑acre Inverness Business Park.; Access to amenities including the Colorado Athletic Club, Inverness Hotel, golf course, and dining.; Convenient access to major highways (I‑25, I‑225, E‑470, C‑470).
