Building Details

Tenancy Multi

Listing Agency: Bartell & Company

Listed By: Dan Bartell · License #000867805 Show Phone

Source: Moodyscre

Added: Apr 16, 2025 Changed: Oct 26 Last Checked: Oct 28 at 11:52AM

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Investment Insights

Based on property information with market context.

This property offers office-flex, lab, and warehouse condo units, including office and build-to-suit options. Individual units may be purchased or leased, with sizes available from a minimum individual footprint up to the entire portfolio. All units are delivered as a cold dark shell, with varying height ceilings. Loading features include drive-in doors and dock-high doors in varying sizes.

Highly visible signage is available, and the property is adjacent to C-470. The site also provides access to biking and hiking trails.

Build-to-suit opportunities are available up to 250,000 SF, allowing flexibility for tenants or buyers seeking a customized layout while maintaining the same cold dark shell delivery concept for new improvements.

Key Highlights

• Office‑flex condo units delivered as a cold dark shell (4,000 SF units up to the full 49,307 SF)
• Build‑to‑suit opportunities available up to 250,000 SF
• Varying height ceilings throughout the office‑flex space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,364

Cap Rate

5.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,280 $687.3K

Cap Rate 7%

$490,914 $490.9K

Cap Rate 9%

$381,822 $381.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,550 SF

Gross rent

$51.7K $20.28/SF

− Vacancy

−$5.9K −$2.31/SF

EGI

$45.8K $17.97/SF

− OpEx

−$11.5K −$4.49/SF

NOI

$34.4K $13.48/SF

Area

Jefferson County, CO

Vacancy

11.40%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,280

Cap Rate 7%

$490,914

Cap Rate 9%

$381,822

Alternative Uses

Best Use

Office B

$490.9K

$429.6K – $572.7K (±1% cap)

NOI $34,364 @ 7.0% cap · market cap 5.41%

Second Best

Flex RnD

$305.9K

$267.6K – $356.8K (±1% cap)

NOI $21,410 @ 7.0% cap · market cap 3.37%

Theoretical Best

Multifamily LT 5

$5.67M

$4.97M – $6.62M (±1% cap)

NOI $397,227 @ 7.0% cap · market cap 62.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm HVAC Service Real Estate Agency Dental Office Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80127, CO

44,776

Population

17,507

Households

2.6

Avg Household Size

43

Median Age

60%

College-Educated

98%

High-School Grad

66.4 sq mi

ZIP Area

674

Density / Sq Mi

$137,753

Median Household Income

$70,039

Median Earnings

$2,102

Median Rent

$663,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Cold dark shell office-flex units with varying ceiling heights, plus drive-in and dock-high loading.

Where is this flex space located?

The property is located at 5361-5399 S Alkire Cir Littleton, CO.

What is the asking price?

The asking price for this property is $635,460.

What are key features of this property?

This property features: Office‑flex condo units delivered as a cold dark shell (4,000 SF units up to the full 49,307 SF); Build‑to‑suit opportunities available up to 250,000 SF; Varying height ceilings throughout the office‑flex space