New Flex Condo
New
For Sale
$1,150,000
13833 E Briarwood Ave A100, Centennial, CO 80112
New shell-condition commercial units offer adaptable layouts for manufacturing, storage, workshops, and related operations.
Property Size5,122 SF
Days on Market2
Property Features for 13833 E Briarwood Ave A100
General Information
Standard status
Active
Size
5,122 SF
Class
Class A
Property subtype
Industrial
Additional Details
Clear Span
Yes
Taxes and HOA fees
Annual Taxes
$36,878
Building Details
Building Size
5,122 SF
Year Built
2024
Stories
2
Units
6
Listing Agency:
Unique Properties, Inc
Listed By:
Brett MacDougall · License #FA.100049630
(201) 274-5768
Source:
Elliman
Added: Sep 16
Last Checked: Sep 16 at 2:43PM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
Newly constructed flex condominium units at 13833 E Briarwood Ave in Centennial provide clear-span interiors and tall ceilings for adaptable commercial configurations. Delivered in shell condition, the spaces allow buyers to complete bathrooms and other interior improvements to suit their operations. Potential uses identified for the property include manufacturing, warehousing, vehicle storage, and workshops.
Available unit sizes range from 1,150 SF to 10,300 SF, with the option to combine two adjacent units. The property is positioned along the Briarwood corridor and records a bike score of 51, a walk score of 34, and a transit score of 30. Constructed in 2024, the buildings feature new systems and current construction standards.
Available unit sizes range from 1,150 SF to 10,300 SF, with the option to combine two adjacent units. The property is positioned along the Briarwood corridor and records a bike score of 51, a walk score of 34, and a transit score of 30. Constructed in 2024, the buildings feature new systems and current construction standards.
Key Highlights
- Unit sizes from 1,150 SF to 10,300 SF
- Clear‑span layouts with tall ceilings
- Shell‑condition delivery for buyer buildout
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
$56,332
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
4.90%
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%
$1,126,640
$1.1M
Cap Rate 7%
$804,743
$804.7K
Cap Rate 9%
$625,911
$625.9K
Market Conditions
NOI Build-Up for 5,122 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
$92.2K $18.00/SF
− Vacancy
−$5.5K −$1.08/SF
EGI
$86.7K $16.92/SF
− OpEx
−$30.3K −$5.92/SF
NOI
$56.3K $11.00/SF
Area
Centennial, CO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,126,640
Cap Rate 7%
$804,743
Cap Rate 9%
$625,911
Alternative Uses
Best Use
Flex RnD
$804.7K
$704.2K – $938.9K
NOI $56,332 @ 7.0% cap · market cap 4.90%
Second Best
Warehouse
$722.2K
$631.9K – $842.5K
NOI $50,552 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,974 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80112, CO
35,713
Population
16,874
Households
2.1
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
2,006
Density / Sq Mi
$107,504
Median Household Income
$61,944
Median Earnings
$1,948
Median Rent
$627,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - New shell-condition commercial units offer adaptable layouts for manufacturing, storage, workshops, and related operations.
Where is this flex space located?
The property is located at 13833 E Briarwood Ave A100 Centennial, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Unit sizes from 1,150 SF to 10,300 SF; Clear‑span layouts with tall ceilings; Shell‑condition delivery for buyer buildout
