Class A Office Park
For Sale
Contact for pricing
88 Inverness Cir E, Englewood, CO 80112
Managed office spaces designed for small businesses in Englewood, Colorado.
Property Size744 SF
Price / SF$315
Days on Market774
Property Features for 88 Inverness Cir E
General Information
Standard status
Active
Size
744 SF
Class
A
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
1
Listing Agency:
Resolute Inc
(303) 842-1869
Listed By:
Jack Rohr · License #ER100067283
Source:
Crexi
Added: Jul 18, 2024
Changed: Aug 16
Last Checked: Aug 29 at 8:04AM
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 Class A office park, situated next to Inverness Golf Course, comprises managed office spaces within a 14-building complex tailored for small businesses. Known as Office Court on Inverness, the property provides amenities and services typically found in larger tenant spaces, including private entrances, signage options, and individual HVAC control. The design emphasizes a comfortable working environment, with operable windows offering views of landscaping, the Inverness Golf Course, and courtyard areas. Over the past 30 years, Office Court at Inverness has adapted its product to suit small businesses, earning design and planning awards. Custom space plans and flexible lease terms are available, along with modern technology such as easy networking and multiple fiber optic connections. The property contains 744 square feet of space.
Key Highlights
- Managed office spaces designed for small businesses, within a 14‑building complex.
- Amenities and services typically available to larger tenants, including private entrances, signage, and HVAC control.
- Operable windows offer views of landscaping, Inverness Golf Course, and courtyards.
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
$8,136
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%
$162,720
$162.7K
Cap Rate 7%
$116,229
$116.2K
Cap Rate 9%
$90,400
$90.4K
Market Conditions
NOI Build-Up for 744 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
$13.2K $17.76/SF
− Vacancy
−$2.4K −$3.18/SF
EGI
$10.8K $14.58/SF
− OpEx
−$2.7K −$3.65/SF
NOI
$8.1K $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%
$162,720
Cap Rate 7%
$116,229
Cap Rate 9%
$90,400
Alternative Uses
Best Use
Office B
$116.2K
$101.7K – $135.6K
NOI $8,136 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.05M
$9.67M – $12.89M
NOI $773,222 @ 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 - Managed office spaces designed for small businesses in Englewood, Colorado.
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 $234,360.
What are key features of this property?
This property features: Managed office spaces designed for small businesses, within a 14‑building complex.; Amenities and services typically available to larger tenants, including private entrances, signage, and HVAC control.; Operable windows offer views of landscaping, Inverness Golf Course, and courtyards.
