New Flex Condo with Clear-Span
New
For Sale
$1,150,000
13833 E Briarwood Ave #A200, Centennial, CO 80112
Shell-condition space supports customized manufacturing, warehousing, workshops, or vehicle storage.
Property Size3,485 SF
Price / SF$329.99
Days on Market2
Property Features for 13833 E Briarwood Ave #A200
General Information
Standard status
Active
Size
3,485 SF
Class
Class A
Property subtype
Commercial
Additional Details
Road Access
Yes
Clear Span
Yes
Building Details
Year Built
2024
Listing Agency:
Kmc Realty Group
(720) 989-5180
Listed By:
Greg Smith
(303) 543-5720
Source:
Coloradohomesource
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 at 4:36PM
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 Kmc Realty Group
Investment Insights
Based on property information with market context.
This 5,122-square-foot flex condominium at 13833 E Briarwood Avenue includes an open, clear-span layout with tall ceilings and a shell-condition interior. The 2024 construction features new building systems, while the interior is ready for buyer-directed improvements, including bathrooms and other buildout.
The property is located in Centennial near the Briarwood corridor. Flex configurations are offered from 1,150 SF to 10,300 SF, with adjacent units available for combination. Supported uses include manufacturing, warehousing, vehicle storage, and workshops.
The property is located in Centennial near the Briarwood corridor. Flex configurations are offered from 1,150 SF to 10,300 SF, with adjacent units available for combination. Supported uses include manufacturing, warehousing, vehicle storage, and workshops.
Key Highlights
- 5,122 SF flex condominium at 13833 E Briarwood Avenue #A200
- 2024 construction with new building systems
- Clear‑span interior with tall ceilings
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
$38,328
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
3.33%
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%
$766,560
$766.6K
Cap Rate 7%
$547,543
$547.5K
Cap Rate 9%
$425,867
$425.9K
Market Conditions
NOI Build-Up for 3,485 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
$62.7K $18.00/SF
− Vacancy
−$3.8K −$1.08/SF
EGI
$59.0K $16.92/SF
− OpEx
−$20.6K −$5.92/SF
NOI
$38.3K $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%
$766,560
Cap Rate 7%
$547,543
Cap Rate 9%
$425,867
Alternative Uses
Best Use
Flex RnD
$547.5K
$479.1K – $638.8K
NOI $38,328 @ 7.0% cap · market cap 3.33%
Second Best
Warehouse
$491.4K
$429.9K – $573.3K
NOI $34,395 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$845.4K
$739.7K – $986.3K
NOI $59,177 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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 space supports customized manufacturing, warehousing, workshops, or vehicle storage.
Where is this flex space located?
The property is located at 13833 E Briarwood Ave #A200 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: 5,122 SF flex condominium at 13833 E Briarwood Avenue #A200; 2024 construction with new building systems; Clear‑span interior with tall ceilings
