Turn-key Medical Office
For Sale
Contact for pricing
10219 Parkglenn Way, Parker, CO 80138
Central Parker location, ready for dental or medical practice.
Property Size2,700 SF
Price / SF$388.89
Days on Market105
Property Features for 10219 Parkglenn Way
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1999
Listing Agency:
NavPoint Real Estate Group
(720) 420-7530
Listed By:
Matt Kulbe · License #CO FA.100014080
Source:
Crexi
Added: May 19
Changed: Aug 22
Last Checked: Aug 30 at 8:54PM
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 NavPoint Real Estate Group
Investment Insights
Based on property information with market context.
This 2,700 square foot condo is a turn-key dental or medical office space. Formerly a maxillofacial and oral surgery center, the property is located in central Parker, Colorado, minutes from Parker Road. It is suitable for commercial real estate use.
Key Highlights
- Turn‑key dental/medical office condo ready for your practice.
- Formerly a maxillofacial and oral surgery center, equipped for immediate use.
- Prime central Parker location offers excellent accessibility.
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
$47,050
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
4.48%
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%
$941,000
$941.0K
Cap Rate 7%
$672,143
$672.1K
Cap Rate 9%
$522,778
$522.8K
Market Conditions
NOI Build-Up for 2,700 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
$75.5K $27.96/SF
− Vacancy
−$12.8K −$4.73/SF
EGI
$62.7K $23.23/SF
− OpEx
−$15.7K −$5.81/SF
NOI
$47.1K $17.43/SF
Area
Douglas County, CO
Vacancy
16.90%
Lease Rate
$27.96 /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%
$941,000
Cap Rate 7%
$672,143
Cap Rate 9%
$522,778
Alternative Uses
Best Use
Office B
$672.1K
$588.1K – $784.2K
NOI $47,050 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$553.6K
$484.4K – $645.8K
NOI $38,749 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$927.4K
$811.5K – $1.08M
NOI $64,918 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80138, CO
34,337
Population
12,752
Households
2.7
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
61.9 sq mi
ZIP Area
555
Density / Sq Mi
$142,397
Median Household Income
$60,990
Median Earnings
$1,919
Median Rent
$679,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- H&C Animal Health — 18403 Longs Way #102, Parker, CO 80134
- Parker Animal Hospital — 10225 S Parker Rd, Parker, CO 80134
Frequently Asked Questions
What type of property is this?
Medical Office Space - Central Parker location, ready for dental or medical practice.
Where is this medical office space located?
The property is located at 10219 Parkglenn Way Parker, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turn‑key dental/medical office condo ready for your practice.; Formerly a maxillofacial and oral surgery center, equipped for immediate use.; Prime central Parker location offers excellent accessibility.
