Office Unit with
For Sale
$335,000
88 Inverness Circle #A207, Englewood, CO 80112
The current lease runs through March 2025, with owner-user use identified after the term.
Property Size1,270 SF
Price / SF$263.78
Days on Market26
Property Features for 88 Inverness Circle #A207
General Information
Standard status
Active
Size
1,270 SF
Class
A
Total Parking Spaces
1
Property subtype
Commercial
Zoning
i1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,109
Amenities
private entrances and signage
Building Details
Year Built
2001
Units
1
Listing Agency:
Coldwell Banker Realty 18
(303) 877-1514
Listed By:
Susan Todd
(303) 877-1514
Source:
Coloradopartners
Added: Aug 5
Changed: Aug 30
Last Checked: Aug 30 at 3:09AM
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 Coldwell Banker Realty 18
Investment Insights
Based on property information with market context.
This 1270 sq.ft. office unit is situated within Inverness Business Park and was built in 2001. The property includes private entrances and signage, providing defined access and identification for the occupants. It is currently leased through March 2025, with owner-user use identified after the lease term.
The property is next to Inverness Golf Course and provides access to I-25, I-225, E-470, and C-470. Zoning is designated i1. The combination of an existing lease, business-park setting, and multiple regional transportation connections supports both present occupancy and future use planning.
The property is next to Inverness Golf Course and provides access to I-25, I-225, E-470, and C-470. Zoning is designated i1. The combination of an existing lease, business-park setting, and multiple regional transportation connections supports both present occupancy and future use planning.
Key Highlights
- 1270 sq.ft. office space in Inverness Business Park
- Leased thru March of 2025
- Private entrances and signage included
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
$13,888
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
4.15%
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%
$277,760
$277.8K
Cap Rate 7%
$198,400
$198.4K
Cap Rate 9%
$154,311
$154.3K
Market Conditions
NOI Build-Up for 1,270 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
$22.6K $17.76/SF
− Vacancy
−$4.0K −$3.18/SF
EGI
$18.5K $14.58/SF
− OpEx
−$4.6K −$3.65/SF
NOI
$13.9K $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%
$277,760
Cap Rate 7%
$198,400
Cap Rate 9%
$154,311
Alternative Uses
Best Use
Office B
$198.4K
$173.6K – $231.5K
NOI $13,888 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.86M
$16.50M – $22.00M
NOI $1,319,881 @ 7.0% cap · market cap 393.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - The current lease runs through March 2025, with owner-user use identified after the term.
Where is this office units located?
The property is located at 88 Inverness Circle #A207 Englewood, CO.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1270 sq.ft. office space in Inverness Business Park; Leased thru March of 2025; Private entrances and signage included
