Spacious Office Condo Near
For Sale
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9085 E Mineral Cir, Englewood, CO 80112
1,623 SF office condo near Denver Tech Center.
Property Size1,623 SF
Price / SF$160.20
Days on Market717
Property Features for 9085 E Mineral Cir
General Information
Standard status
Active
Size
1,623 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
Benchmark Commercial Real Estate
(559) 970-7452
Listed By:
Bart Boranian Allen · License #CO 100085689
Source:
Crexi
Added: Aug 19, 2024
Changed: Jul 6
Last Checked: Jul 28 at 5:36PM
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 Benchmark Commercial Real Estate
Investment Insights
Based on property information with market context.
Located adjacent to Dry Creek Road and I-25, near the Denver Tech Center, Unit 125 at the Panorama Falls Office Condominiums offers 1,623 square feet of office space. Built in 1982, this office condo features two private offices with natural light and views, a conference room adaptable as a third private office, a break room, a copy/work room, and a reception area. The property is located a 20-minute drive from downtown and Castle Rock, and less than 35 minutes from Denver International Airport (DIA), with a 10-minute walk to the Dry Creek light rail station. The building is of masonry construction and equipped with a wet sprinkler system. Ample parking is available. The 2024 property taxes are $10,298.93, and condo dues are $1,111.74. Furniture is negotiable. This office unit presents an opportunity to own commercial real estate in an area with limited availability.
Key Highlights
- Prime location: close to I‑25, Denver Tech Center, Dry Creek light rail station, and with easy access to Denver, Castle Rock, and DIA.
- Spacious 1,623 sq ft office condo featuring two private offices, conference room (convertible to a third office), break room, copy/work room, and reception area.
- Rare opportunity to own an office condo in this desirable area.
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 | $28.8k | $17.76 |
| − Vacancy | −$5.2k | −$3.18 |
| EGI | $23.7k | $14.58 |
| − OpEx | −$5.9k | −$3.65 |
| NOI | $17.7k | $10.94 |
1,623 SF · lease $17.76/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$24.10M
$21.08M – $28.11M
NOI $1,686,746 @ 7.0% cap · market cap 648.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,548
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 - 1,623 SF office condo near Denver Tech Center.
Where is this office units located?
The property is located at 9085 E Mineral Cir Englewood, CO.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Prime location: close to I‑25, Denver Tech Center, Dry Creek light rail station, and with easy access to Denver, Castle Rock, and DIA.; Spacious 1,623 sq ft office condo featuring two private offices, conference room (convertible to a third office), break room, copy/work room, and reception area.; Rare opportunity to own an office condo in this desirable area.
