500 South Santa Fe Drive, Denver, CO

Location

City Denver, CO
Neighborhood Baker
Zip Code 80223
Market Denver

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Denver

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Denver Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $33.82
2020 Office Vacancy Rate 13.55%
2020 Office Completions (SF) 1,147,034

Denver Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $224.34
Y-o-Y Avg. PpSF Change -4.82%
2020 Office Sales Volume $727.7M
2020 Number of Transactions 14

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Tax

Property Tax in 2021 $391,862
Market Value* $18,108,900
Assessed Value $18,108,900

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 South Santa Fe Drive?

500 South Santa Fe Drive totals 106,615 square feet.

When was this property built?

500 South Santa Fe Drive was built in 1996.

What is the property tax for 500 South Santa Fe Drive?

The property tax for 500 South Santa Fe Drive in 2021 was $391,862.

What is the market value for 500 South Santa Fe Drive?

The market value* for 500 South Santa Fe Drive in 2021 was $18,108,900.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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500 South Santa Fe Drive