Englewood Office Park Near
For Sale
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88 Inverness Cir East, Englewood, CO 80112
Class A office spaces with flexible terms and advanced technology.
Property Size2,228 SF
Price / SF$285.97
Days on Market1289
Property Features for 88 Inverness Cir East
General Information
Standard status
Active
Size
2,228 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2002
Listing Agency:
Resolute Inc
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Crexi
Added: Apr 11, 2023
Changed: Oct 14
Last Checked: Oct 19 at 3:16AM
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
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Investment Insights
Based on property information with market context.
This office park, located next to Inverness Golf Course, features on-site management and 14 Class A buildings designed for small office spaces. The property provides amenities and features typically available to larger tenants, including private entrances, signage, and control over access and HVAC. Occupants can enjoy fresh air and views of landscaping and the golf course. The 2228 square foot office court has received design awards and has been evolving for 30 years to meet small users' needs. Custom space plans, expansion options, flexible lease terms, and easy deal processes create ideal work environments. Advanced technology ensures small size doesn't mean small business.
Key Highlights
- On‑site management and Class A buildings provide a professional environment.
- Enjoy amenities typically reserved for larger tenants, including private entrances and individual HVAC control.
- Scenic views of landscaping and the Inverness Golf Course.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,365
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,300
$487.3K
Cap Rate 7%
$348,071
$348.1K
Cap Rate 9%
$270,722
$270.7K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$39.6K $17.76/SF
− Vacancy
−$7.1K −$3.18/SF
EGI
$32.5K $14.58/SF
− OpEx
−$8.1K −$3.65/SF
NOI
$24.4K $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 Rate 5%
$487,300
Cap Rate 7%
$348,071
Cap Rate 9%
$270,722
Alternative Uses
Best Use
Office B
$348.1K
$304.6K – $406.1K
NOI $24,365 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$33.08M
$28.94M – $38.59M
NOI $2,315,508 @ 7.0% cap · market cap 363.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Class A office spaces with flexible terms and advanced technology.
Where is this office building located?
The property is located at 88 Inverness Cir East Englewood, CO.
What is the asking price?
The asking price for this property is $637,140.
What are key features of this property?
This property features: On‑site management and Class A buildings provide a professional environment.; Enjoy amenities typically reserved for larger tenants, including private entrances and individual HVAC control.; Scenic views of landscaping and the Inverness Golf Course.
