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South Poplar Building 3540 S Poplar St 22,562 SF 93% Leased 4-Star Office Building Denver, CO 80237 $3,940,000 ($174.63/SF) 7% Cap Rate
Investment Highlights
- Well located, well parked medical office building with stabilized rent roll. Excellent exchange or investment property, amazing owner/user opportunity
Executive Summary
Stable medical office building in highly desirable Hampden corridor. As a pure investment the cap rate is 7%. If a client is looking for an asset that they can occupy, very desirable main lobby space can be available in 2028. All major capital improvements have been completed, including roof replacement (with warranty), parking lot heat seal and restripe, BAS/HVAC system upgrades, LED lights and full common area updates, including elevator mechanical, cab and panel.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
22,562 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1974/2024
Price
$3,940,000
Price Per SF
$174.63
Cap Rate
7%
NOI
$275,800
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,521 SF
Slab To Slab
11’
Building FAR
0.45
Lot Size
1.16 AC
Zoning
SMX-3 - Promotes safe, active, pedestrian-oriented areas combining housing, retail, office, and service uses. Ideal for suburban contexts along major corridor
Parking
100 Spaces (4.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
First floor suite off elevator lobby. Garden level window line along two sides. Nice functional space, brand new spec finishes.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 1,526 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 1,526 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 100
| Size | 1,526 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
First floor suite off elevator lobby. Garden level window line along two sides. Nice functional space, brand new spec finishes.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7051-10-025 | Total Assessment | $738,610 (2025) |
| Land Assessment | $342,360 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $342,360 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7051-10-025
Land Assessment
$342,360 (2025)
Improvements Assessment
$342,360 (2025)
Total Assessment
$738,610 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
South Poplar Building | 3540 S Poplar St