Englewood Office Unit For
For Sale
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88 Inverness Circle E, Englewood, CO 80112
Office unit for sale with easy highway access and parking.
Property Size2,107 SF
Price / SF$315
Days on Market749
Property Features for 88 Inverness Circle E
General Information
Standard status
Active
Size
2,107 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
Resolute Inc
Listed By:
Jack Rohr · License #ER100067283
Source:
Crexi
Added: Jul 18, 2024
Changed: Jul 6
Last Checked: Aug 4 at 11:33AM
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.
This commercial real estate property features office units with on-site property management. The space includes walk-up entry and operable windows. It benefits from easy access to I-25, connecting to I-225 and I-70. Ample parking is available. The property features 10-foot ceilings. The current tenant is ReThink Care. The property size is 2107 square feet.
Key Highlights
- Easy access from I‑25, connecting to I‑225 and I‑70
- Ample parking available
- On site property management
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $17.76 |
| − Vacancy | −$6.7k | −$3.18 |
| EGI | $30.7k | $14.58 |
| − OpEx | −$7.7k | −$3.65 |
| NOI | $23.0k | $10.94 |
2,107 SF · lease $17.76/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$329.2K
$288.0K – $384.0K
NOI $23,042 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$31.28M
$27.37M – $36.50M
NOI $2,189,755 @ 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
1,549
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 unit for sale with easy highway access and parking.
Where is this office units located?
The property is located at 88 Inverness Circle E Englewood, CO.
What is the asking price?
The asking price for this property is $663,705.
What are key features of this property?
This property features: Easy access from I‑25, connecting to I‑225 and I‑70; Ample parking available; On site property management
