Renovated Office Building with Shared
For Sale
$6,900,000
970 Yuma Street, Denver, CO 80204
Renovated office property with shared kitchen, conference room, shower, and ample on-site parking.
Property Size21,570 SF
Days on Market8
Property Features for 970 Yuma Street
General Information
Standard status
Active
Size
21,570 SF
Class
B
Property subtype
Office - General Office
Zoning
I-B
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
kitchen
conference room
on-site shower
Building Details
Building Size
21,570 SF
Year Built
1958
Listing Agency:
Henry Group Real Estate
(303) 327-9753
Listed By:
Boston Weir · License ##FA100075124
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 7:21AM
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 Henry Group Real Estate
Investment Insights
Based on property information with market context.
Renovated office building at 970 Yuma Street in Denver, originally built in 1958, with shared amenities designed for day-to-day business use. The property includes a kitchen, conference room, on-site shower, and ample parking. Its I-B (Industrial–Business Park) zoning supports flexible commercial and office uses, according to the property information.
The building is near the intersection of 8th Avenue and I-25, providing highway access for commuters. Central Denver surroundings include dining, retail, public transportation, and cultural destinations such as the Denver Art Museum and Civic Center Park. The property is also approximately one-half mile from the future Denver Broncos stadium.
In-place tenant income is associated with the property, which may support both owner-user and investment-oriented use. The combination of renovated space, shared facilities, parking, zoning, and central access creates a practical office configuration for commercial occupancy.
The building is near the intersection of 8th Avenue and I-25, providing highway access for commuters. Central Denver surroundings include dining, retail, public transportation, and cultural destinations such as the Denver Art Museum and Civic Center Park. The property is also approximately one-half mile from the future Denver Broncos stadium.
In-place tenant income is associated with the property, which may support both owner-user and investment-oriented use. The combination of renovated space, shared facilities, parking, zoning, and central access creates a practical office configuration for commercial occupancy.
Key Highlights
- Renovated office building at 970 Yuma Street, originally built in 1958
- I‑B (Industrial–Business Park) zoning supports flexible commercial and office uses
- Near 8th Avenue and I‑25 with highway access
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
$316,044
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%
$6,320,880
$6.3M
Cap Rate 7%
$4,514,914
$4.5M
Cap Rate 9%
$3,511,600
$3.5M
Market Conditions
NOI Build-Up for 21,570 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
$569.4K $26.40/SF
− Vacancy
−$148.1K −$6.86/SF
EGI
$421.4K $19.54/SF
− OpEx
−$105.3K −$4.88/SF
NOI
$316.0K $14.65/SF
Area
Denver, CO
Vacancy
26.00%
Lease Rate
$26.40 /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%
$6,320,880
Cap Rate 7%
$4,514,914
Cap Rate 9%
$3,511,600
Alternative Uses
Best Use
Office B
$4.51M
$3.95M – $5.27M
NOI $316,044 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.87M
$6.01M – $8.01M
NOI $480,656 @ 7.0% cap · market cap 6.97%
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
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Office in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office property with shared kitchen, conference room, shower, and ample on-site parking.
Where is this office building located?
The property is located at 970 Yuma Street Denver, CO.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Renovated office building at 970 Yuma Street, originally built in 1958; I‑B (Industrial–Business Park) zoning supports flexible commercial and office uses; Near 8th Avenue and I‑25 with highway access
