Calculate cap rates and net operating income for commercial properties in Colorado. Compare your results against Colorado's primary market benchmarks sourced from CBRE H2 2025.
Denver is a strong primary market with a diversified tech, energy, and aerospace economy. Multifamily supply overhang in 2024–2025 modestly expanded cap rates but demand remains strong. Industrial along the I-25 and I-70 corridors performs well. Boulder and Fort Collins attract life sciences and tech-adjacent investment.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.0% | 6.5% |
| Industrial | 5.5% | 7.0% |
| Retail | 5.5% | 7.5% |
| Office | 6.5% | 9.0% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Colorado cap rates typically range from 5.0–6.5% for multifamily, 5.5–7.0% for industrial, 5.5–7.5% for retail, and 6.5–9.0% for office, with Denver generally at the lower end of these ranges.
Denver multifamily saw significant new supply delivered in 2023–2025, which expanded cap rates and softened rents temporarily. However, population growth and job creation in tech and aerospace have absorbed much of the new inventory. Cap rates are expected to compress modestly as new deliveries slow.
Colorado's industrial market benefits from its position as a western US distribution hub, cannabis production facilities, aerospace manufacturing (Lockheed Martin, Raytheon in Denver), and data center growth. The I-70 and I-25 logistics corridors remain active for institutional investment.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.