Englewood Office Unit For
For Sale
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88 Inverness Cir E, Englewood, CO 80112
Office unit for sale in Denver Tech Center.
Property Size863 SF
Price / SF$315
Days on Market839
Property Features for 88 Inverness Cir E
General Information
Standard status
Active
Size
863 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
4
Listing Agency:
Resolute Inc
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Crexi
Added: Jul 18, 2024
Changed: Oct 25
Last Checked: Nov 3 at 3:39AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is centrally located in the Denver Tech Center. The property features 10’ ceilings and operable windows. Most spaces have walk-up entries. Ample parking is available. The location provides easy access to I-25, connecting to I-225 and I-70. The property size is 863 square feet.
Key Highlights
- Centrally located in Denver Tech Center
- Easy access from I‑25, connecting to I‑225 and I‑70
- Ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,438
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,760
$188.8K
Cap Rate 7%
$134,829
$134.8K
Cap Rate 9%
$104,867
$104.9K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$15.3K $17.76/SF
− Vacancy
−$2.7K −$3.18/SF
EGI
$12.6K $14.58/SF
− OpEx
−$3.1K −$3.65/SF
NOI
$9.4K $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 Rate 5%
$188,760
Cap Rate 7%
$134,829
Cap Rate 9%
$104,867
Alternative Uses
Best Use
Office B
$134.8K
$118.0K – $157.3K
NOI $9,438 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.81M
$11.21M – $14.95M
NOI $896,895 @ 7.0% cap · market cap 329.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit for sale in Denver Tech Center.
Where is this office unit located?
The property is located at 88 Inverness Cir E Englewood, CO.
What is the asking price?
The asking price for this property is $271,845.
What are key features of this property?
This property features: Centrally located in Denver Tech Center; Easy access from I‑25, connecting to I‑225 and I‑70; Ample parking
