Updated Two-Story
For Sale
$580,000
9338 E 58th Dr, Denver, CO 80238
Open-plan living, stainless steel appliances, a gas fireplace, and a low-maintenance yard define the property.
Property Size1,598 SF
Days on Market44
Property Features for 9338 E 58th Dr
General Information
Standard status
Active
Size
1,598 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,803
Amenities
gas fireplace
patio
low maintenance yard
Building Details
Building Size
1,598 SF
Year Built
2018
Stories
2
Listing Agency:
LIV Sotheby's International Realty
(303) 918-6769
Listed By:
Patti Maurer Williams · License #40035650
(303) 918-6769
Source:
Corken
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 29 at 4:30PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-story duplex, built in 2018, offers two bedrooms and two and a half baths with modern updates throughout. The main living area uses an open layout and includes a gas fireplace, while the kitchen is fitted with stainless steel appliances. A basement adds versatile space for storage, recreation, or exercise. Outdoor features include a patio and a low-maintenance yard.
The property is located in Central Park, with access to community pools, parks, farmers markets, and trails. Nearby destinations include Rocky Mountain Arsenal National Wildlife Refuge, Dick’s Sporting Goods Park, and The Shops at Northfield. Transportation connections include the A-Line light rail, I-70, Anschutz Medical Campus, downtown Denver, and DIA.
The property is located in Central Park, with access to community pools, parks, farmers markets, and trails. Nearby destinations include Rocky Mountain Arsenal National Wildlife Refuge, Dick’s Sporting Goods Park, and The Shops at Northfield. Transportation connections include the A-Line light rail, I-70, Anschutz Medical Campus, downtown Denver, and DIA.
Key Highlights
- Two‑story duplex with two bedrooms and two and a half baths
- Built in 2018 with modern updates
- Open living area with a gas fireplace
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
$26,557
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
4.58%
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%
$531,140
$531.1K
Cap Rate 7%
$379,386
$379.4K
Cap Rate 9%
$295,078
$295.1K
Market Conditions
NOI Build-Up for 1,598 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
$40.3K $25.20/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$37.9K $23.74/SF
− OpEx
−$11.4K −$7.12/SF
NOI
$26.6K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$531,140
Cap Rate 7%
$379,386
Cap Rate 9%
$295,078
Alternative Uses
Best Use
Multifamily LT 5
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$346.6K
$303.3K – $404.4K
NOI $24,263 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$508.7K
$445.1K – $593.5K
NOI $35,609 @ 7.0% cap · market cap 6.14%
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
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 80238, CO
28,937
Population
11,741
Households
2.5
Avg Household Size
34
Median Age
77%
College-Educated
100%
High-School Grad
6.8 sq mi
ZIP Area
4,255
Density / Sq Mi
$166,191
Median Household Income
$90,306
Median Earnings
$2,071
Median Rent
$806,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Open-plan living, stainless steel appliances, a gas fireplace, and a low-maintenance yard define the property.
Where is this duplex located?
The property is located at 9338 E 58th Dr Denver, CO.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two‑story duplex with two bedrooms and two and a half baths; Built in 2018 with modern updates; Open living area with a gas fireplace
