Professional Office
For Sale
$849,000
18335 E 103rd Ave Unit 203, Commerce City, CO 80022
For-sale professional office condominium in the Reunion area, sized for a dedicated office setup.
Property Size2,624 SF
Price / SF$323.55
Days on Market114
Property Features for 18335 E 103rd Ave Unit 203
General Information
Standard status
Active
Size
2,624 SF
Building Details
Year Built
2010
Listing Agency:
LIV Sotheby's International Realty
Listed By:
Amanda Duran · License #FA40043784
(303) 235-0400
Source:
Hudsonstonegateteam
Added: Jun 16
Changed: Oct 4
Last Checked: Oct 7 at 5:44PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This for-sale professional office condominium offers a dedicated office configuration within a condominium setting. The property includes 2,624 square feet of office space and is presented at a list price of $849,000.
Located at 18335 East 103rd Avenue in Commerce City, Colorado, the office condo is described in public remarks as being in the Reunion area. The condominium format can appeal to buyers seeking a contained, ownership-style office space rather than a traditional single-tenant lease arrangement.
Located at 18335 East 103rd Avenue in Commerce City, Colorado, the office condo is described in public remarks as being in the Reunion area. The condominium format can appeal to buyers seeking a contained, ownership-style office space rather than a traditional single-tenant lease arrangement.
Key Highlights
- Professional office condominium
- Year built: 2010
- Condo is in the Reunion area and sized for a dedicated office setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,468
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,360
$949.4K
Cap Rate 7%
$678,114
$678.1K
Cap Rate 9%
$527,422
$527.4K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$78.7K $30.00/SF
− Vacancy
−$15.4K −$5.88/SF
EGI
$63.3K $24.12/SF
− OpEx
−$15.8K −$6.03/SF
NOI
$47.5K $18.09/SF
Area
Adams County, CO
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,360
Cap Rate 7%
$678,114
Cap Rate 9%
$527,422
Alternative Uses
Best Use
Office B
$678.1K
$593.4K – $791.1K
NOI $47,468 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$38.61M
$33.78M – $45.04M
NOI $2,702,493 @ 7.0% cap · market cap 318.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 80022, CO
57,432
Population
19,929
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
80%
High-School Grad
79.6 sq mi
ZIP Area
722
Density / Sq Mi
$98,858
Median Household Income
$50,575
Median Earnings
$1,507
Median Rent
$448,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - For-sale professional office condominium in the Reunion area, sized for a dedicated office setup.
Where is this office units located?
The property is located at 18335 E 103rd Ave Unit 203 Commerce City, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Professional office condominium; Year built: 2010; Condo is in the Reunion area and sized for a dedicated office setup
