Clear-Span Flex
New
For Sale
$535,000
13833 E Briarwood Avenue #A400, Centennial, CO 80112
Shell-condition unit with tall ceilings and flexible layouts for manufacturing, warehousing, car storage, or workshop use.
Property Size2,181 SF
Price / SF$245.30
Days on Market2
Property Features for 13833 E Briarwood Avenue #A400
General Information
Standard status
Active
Size
2,181 SF
Class
Class A
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,703
Amenities
Phase 3
Building Details
Year Built
2024
Listing Agency:
UNIQUE PROPERTIES LLC
(303) 321-5888
Listed By:
BRETT MACDOUGALL · License #FA.100049630
(201) 274-5768
Source:
Corcoran
Added: Sep 16
Last Checked: Sep 16 at 1:39PM
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 LLC
Investment Insights
Based on property information with market context.
This 2,181-square-foot flex unit is part of a 2024 industrial condominium development in Centennial, Colorado. The space is delivered in shell condition, allowing the buyer to plan bathrooms and interior improvements around the intended operation. Clear-span construction and tall ceilings support adaptable layouts for manufacturing, warehousing, car storage, workshops, and other stated uses.
The property is located at 13833 E Briarwood Avenue #A400 and provides access to the Briarwood corridor. The development offers space options ranging from 1,150 SF to 10,300 SF, with adjacent units that can be combined. Modern, code-current construction and new building systems provide a contemporary base for the final buildout.
The property is located at 13833 E Briarwood Avenue #A400 and provides access to the Briarwood corridor. The development offers space options ranging from 1,150 SF to 10,300 SF, with adjacent units that can be combined. Modern, code-current construction and new building systems provide a contemporary base for the final buildout.
Key Highlights
- 2,181 SF flex condominium unit
- 2024 construction with modern, code‑current building systems
- Shell delivery allows buyer to add bathrooms and interior 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
$23,987
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
4.48%
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%
$479,740
$479.7K
Cap Rate 7%
$342,671
$342.7K
Cap Rate 9%
$266,522
$266.5K
Market Conditions
NOI Build-Up for 2,181 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
$39.3K $18.00/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$36.9K $16.92/SF
− OpEx
−$12.9K −$5.92/SF
NOI
$24.0K $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%
$479,740
Cap Rate 7%
$342,671
Cap Rate 9%
$266,522
Alternative Uses
Best Use
Flex RnD
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 4.48%
Second Best
Warehouse
$307.5K
$269.1K – $358.8K
NOI $21,525 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 6.92%
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 unit with tall ceilings and flexible layouts for manufacturing, warehousing, car storage, or workshop use.
Where is this flex space located?
The property is located at 13833 E Briarwood Avenue #A400 Centennial, CO.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,181 SF flex condominium unit; 2024 construction with modern, code‑current building systems; Shell delivery allows buyer to add bathrooms and interior buildout
