Englewood Office Unit For
For Sale
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88 Inverness Circle E, Englewood, CO 80112
Office unit for sale with easy highway access and parking.
Property Size2,107 SF
Price / SF$315
Days on Market839
Property Features for 88 Inverness Circle E
General Information
Standard status
Active
Size
2,107 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
2002
Year Renovated
2023
Buildings
1
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Resolute Inc
Listed By:
Jack Rohr · License #ER100067283
(303) 842-1869
Source:
Crexi
Added: Jul 18, 2024
Changed: Oct 25
Last Checked: Nov 3 at 6:31AM
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 commercial real estate property features office units with on-site property management. The space includes walk-up entry and operable windows. It benefits from easy access to I-25, connecting to I-225 and I-70. Ample parking is available. The property features 10-foot ceilings. The current tenant is ReThink Care. The property size is 2107 square feet.
Key Highlights
- Easy access from I‑25, connecting to I‑225 and I‑70
- Ample parking available
- On site property management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,042
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,840
$460.8K
Cap Rate 7%
$329,171
$329.2K
Cap Rate 9%
$256,022
$256.0K
Market Conditions
NOI Build-Up for 2,107 SF
Gross rent
$37.4K $17.76/SF
− Vacancy
−$6.7K −$3.18/SF
EGI
$30.7K $14.58/SF
− OpEx
−$7.7K −$3.65/SF
NOI
$23.0K $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%
$460,840
Cap Rate 7%
$329,171
Cap Rate 9%
$256,022
Alternative Uses
Best Use
Office B
$329.2K
$288.0K – $384.0K
NOI $23,042 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$31.28M
$27.37M – $36.50M
NOI $2,189,755 @ 7.0% cap · market cap 329.93%
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
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit for sale with easy highway access and parking.
Where is this office unit located?
The property is located at 88 Inverness Circle E Englewood, CO.
What is the asking price?
The asking price for this property is $663,705.
What are key features of this property?
This property features: Easy access from I‑25, connecting to I‑225 and I‑70; Ample parking available; On site property management
