Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6767 S Spruce St Centennial, CO 80230

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,387,450

    Two-story office building on a 1.68-acre corner lot.

    Property size:
    22,583 SF
    Lot size:
    2.94 Acres

    Property Features for 6767 S Spruce St

    General Information

    Size
    22,583 SF
    Lot size
    2.94 Acres

    We can help!

    Listing Contact
    Scott Fischer
    Scott Fischer
    Source: Moodyscre

    Listing Agent: Scott Fischer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Centennial Office Building For Sale

    This two-story office building, located in Centennial, Colorado, is available for purchase. Situated on a 1.68-acre corner lot, the building has a total area of 22,583 square feet. The first floor comprises 13,159 rentable square feet and features updated lobbies, hallways, and restrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Jefferson
    State
    Colorado
    Longitude
    -104.8984631
    Latitude
    39.5937524

    Nearby Similar for Sale

    • $4,000,000
      35,514 SF

      Renovated Centennial Office Building

      Recently renovated multi-tenant office building in a sought-after suburban location.
      13275 E Fremont Pl, Centennial, CO 80012
      View Details
    • $2,400,000
      14,983 SF

      Centennial Office Building For Sale

      Office building with strong income performance and high occupancy.
      6438-6444 S Quebec St, Centennial, CO
      View Details
    • $649,000
      2,069 SF

      Centennial Industrial/Flex Space For Sale

      Versatile industrial/flex space in Centennial's accessible business corridor.
      14883 E Hinsdale Ave, Centennial, CO
      View Details
    • Contact for pricing
      5,798 SF

      Centennial Office Building Investment Opportunity

      Commercial office building for sale in Centennial, Colorado.
      3969 E Arapahoe Rd, Centennial, CO
      View Details
    • $150,000

      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant with liquor license in high-traffic area.
      8283 S Akron St, Centennial, CO 80112
      View Details
    • $18,790,000
      52,193 SF

      Single-Tenant Whole Foods Investment Opportunity

      NN lease Whole Foods in Denver submarket with renewal options.
      6853 S York St, Centennial, CO
      View Details
    • $497,000
      1,530 SF

      Centennial Office Condo For Sale

      Second-story office condo with functional layout in accessible location.
      12354 E Caley Ave, Centennial, CO
      View Details
    • $173,000
      827 SF

      Centennial Office Building For Sale

      827 SF office building in Centennial, Colorado, for sale.
      6909 S Holly Cir, Centennial, CO
      View Details
    • $700,000
      2,800 SF

      Renovated Office Condo in Centennial

      Fully renovated office condo with private entrances and ample parking.
      6450-6456 S Quebec St, Centennial, CO
      View Details
    • $3,395,000
      16,966 SF

      Centennial Church Property for Sale

      Church property with sanctuary, ample parking, and convenient location.
      7399 S Tucson Way, Centennial, CO
      View Details
    • $1,423,750
      3,350 SF

      Centennial Office Space Near I-25

      Office space with high-end finishes, close to I-25.
      7374 S Alton Way, Centennial, CO
      View Details
    • $900,000
      3,652 SF

      Centennial Office Space with Views

      Corner office space with high-end finishes and great views.
      9085 E Mineral Cir, Centennial, CO
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building on a 1.68-acre corner lot.
    Where is this office building located?
    The property is located at 6767 S Spruce St Centennial, CO.
    What is the asking price?
    The asking price for this property is $3,387,450.
    What are key features of this property?
    This property features: - Large 1.68 acre corner lot; - Two-story office building totaling 22,583/SF; - Located in Centennial, CO
    (303) 321-5888
    Request Owner's contact information
    6767 S Spruce St Centennial, CO 80230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6767 S Spruce St
    Centennial, CO 80230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6767 S Spruce St Centennial, CO 80230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Fischer
    Scott Fischer
    (303) 321-5888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.