Flexible Office
For Sale
$75,000
F120-30752 Southview Dr, Evergreen, CO
Open office condominium with adaptable layouts, client parking, and HOA-covered utilities and common-area services.
Property Size453 SF
Price / SF$165.56
Days on Market160
Property Features for F120-30752 Southview Dr
General Information
Standard status
Active
Size
453 SF
Taxes and HOA fees
Annual Taxes
$2,234
Listing Agency:
Compass - Denver
(303) 536-1786
Listed By:
Nicholas Melzer · License #100087600
(720) 725-1235
Source:
Exprealty
Added: Apr 17
Changed: Sep 17
Last Checked: Sep 22 at 8:06PM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This 453-square-foot office condominium provides an open, flexible layout that can accommodate two offices or combine private workspace with a conference or meeting room. The suite also includes room for a waiting area and storage closet, supporting a range of small-office configurations.
HOA services include utilities, common-area janitorial work, and snow removal. The property offers parking for occupants and visitors, along with convenient building access. An adjacent 365-square-foot office unit is also available and may be connected through an interior door to create a larger multi-office arrangement with conference space or another customized configuration.
HOA services include utilities, common-area janitorial work, and snow removal. The property offers parking for occupants and visitors, along with convenient building access. An adjacent 365-square-foot office unit is also available and may be connected through an interior door to create a larger multi-office arrangement with conference space or another customized configuration.
Key Highlights
- 453‑square‑foot office condominium with an open, adaptable layout
- Potential configuration for two offices or an office plus conference room
- Space for a waiting area and storage closet
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
$6,105
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
8.14%
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%
$122,100
$122.1K
Cap Rate 7%
$87,214
$87.2K
Cap Rate 9%
$67,833
$67.8K
Market Conditions
NOI Build-Up for 453 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
$9.2K $20.28/SF
− Vacancy
−$1.0K −$2.31/SF
EGI
$8.1K $17.97/SF
− OpEx
−$2.0K −$4.49/SF
NOI
$6.1K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /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%
$122,100
Cap Rate 7%
$87,214
Cap Rate 9%
$67,833
Alternative Uses
Best Use
Office B
$87.2K
$76.3K – $101.8K
NOI $6,105 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.01M
$882.1K – $1.18M
NOI $70,566 @ 7.0% cap · market cap 94.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
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 - Open office condominium with adaptable layouts, client parking, and HOA-covered utilities and common-area services.
Where is this office units located?
The property is located at F120-30752 Southview Dr Evergreen, CO.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 453‑square‑foot office condominium with an open, adaptable layout; Potential configuration for two offices or an office plus conference room; Space for a waiting area and storage closet
