New Flex Condo
New
For Sale
$2,200,000
13833 E Briarwood Ave A600, Centennial, CO 80112
Shell-condition commercial units offer adaptable layouts for manufacturing, storage, workshops, and other documented uses.
Property Size10,323 SF
Days on Market2
Property Features for 13833 E Briarwood Ave A600
General Information
Standard status
Active
Size
10,323 SF
Class
Class A
Property subtype
Industrial
Additional Details
Clear Span
Yes
Taxes and HOA fees
Annual Taxes
$74,325
Building Details
Building Size
10,323 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 1:46PM
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 provide clear-span interiors with tall ceilings and layouts that can be configured for manufacturing, warehousing, vehicle storage, workshops, and other uses. The units are delivered in shell condition, allowing the buyer to complete bathrooms and interior buildout to suit operational requirements.
Available spaces range from 1,150 SF to 10,300 SF, with the option to combine adjacent units. Built in 2024, the property features new building systems and is located at 13833 E Briarwood Ave in Centennial, Colorado, with access to the Briarwood corridor.
Available spaces range from 1,150 SF to 10,300 SF, with the option to combine adjacent units. Built in 2024, the property features new building systems and is located at 13833 E Briarwood Ave in Centennial, Colorado, with access to the Briarwood corridor.
Key Highlights
- Flex condominium units range from 1,150 SF to 10,300 SF
- Clear‑span interiors with tall ceilings
- Shell delivery allows buyer to add bathrooms and complete 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
$113,532
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
5.16%
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%
$2,270,640
$2.3M
Cap Rate 7%
$1,621,886
$1.6M
Cap Rate 9%
$1,261,467
$1.3M
Market Conditions
NOI Build-Up for 10,323 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
$185.8K $18.00/SF
− Vacancy
−$11.1K −$1.08/SF
EGI
$174.7K $16.92/SF
− OpEx
−$61.1K −$5.92/SF
NOI
$113.5K $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%
$2,270,640
Cap Rate 7%
$1,621,886
Cap Rate 9%
$1,261,467
Alternative Uses
Best Use
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,532 @ 7.0% cap · market cap 5.16%
Second Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,883 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,289 @ 7.0% cap · market cap 7.97%
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
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Frequently Asked Questions
What type of property is this?
Flex space - Shell-condition commercial units offer adaptable layouts for manufacturing, storage, workshops, and other documented uses.
Where is this flex space located?
The property is located at 13833 E Briarwood Ave A600 Centennial, CO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Flex condominium units range from 1,150 SF to 10,300 SF; Clear‑span interiors with tall ceilings; Shell delivery allows buyer to add bathrooms and complete buildout
