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    Fully Leased Flex Building Investment Title is generated by Realmo AI

    14251 E Fremont Ave, Centennial, CO 80112

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    Fully leased flex building in Denver MSA with steady income.

    Type:Industrial
    Property size:
    20,032 SF
    Price / SF:
    $197/SF
    Added:
    Nov 7, 2024
    Days on Market:
    574
    Last Refresh:
    May 13 at 12:10 am

    Property Features for 14251 E Fremont Ave

    General Information

    Standard status
    Active
    Size
    20,032 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Thomas Morgan, CCIM

    Listing agent Thomas Morgan, CCIM License #CO 40032085–ER

    Listing office Andrus & Morgan Co

    Listing date Nov 7, 2024

    Source Crexi

    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 Andrus & Morgan Co

    HighLights

    • Fully leased, three‑tenant NNN investment property providing passive income.
    • Located in the Denver MSA (Centennial, CO) near major business centers and amenities.
    • Steady income generation with a 6.70% cap rate (potential to increase to 7.15% if self‑managed).
    • Robust industrial design with 7 drive‑in doors and 18’ clear heights.
    • High occupancy history and low rents, indicating tenant stability.
    • Proximity to Denver Tech Center (DTC), Park Meadows Mall, Centennial Airport, and major highways (I‑25, E‑470).

    Overview

    Frehawk Business Center is a fully leased, three-tenant triple-net (NNN) investment property located in Centennial, CO, within the Denver MSA. The 20,032 square foot R&D flex building is occupied by established tenants, including Nytech Heating & Cooling (11,360 SF) and Golden Forensics (8,672 SF), with Verizon leasing roof/ground space. The building features a robust industrial design with 7 drive-in doors and 18’ clear heights. Signage is available on both the facade and a monument. The property includes 27 parking spaces, providing a ratio of 2.45 spaces per 1,000 square feet. Situated in the southeast Denver metro area, the property is near major business centers, retail hubs, and regional amenities. It is located minutes from the Denver Tech Center (DTC), which features over 25 million square feet of office, flex, and retail space. Other nearby destinations include Park Meadows Mall and Centennial Airport, with quick access to I-25, E-470, and E Arapahoe Rd. The area supports a strong business ecosystem and tenant base, with a high-income residential demographic and daily traffic counts of 12,000 to the west and 14,000 to the east. The property is also located minutes away from the Denver Broncos Training Camp.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $432.7k $21.60
    − Vacancy −$95.2k −$4.75
    EGI $337.5k $16.85
    − OpEx −$84.4k −$4.21
    NOI $253.1k $12.64
    20,032 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.62M
    $3.16M – $4.22M (±1% cap)
    NOI $253,124 @ 7.0% cap · market cap 6.41%
    Second Best
    Flex RnD
    $3.15M
    $2.75M – $3.67M (±1% cap)
    NOI $220,312 @ 7.0% cap · market cap 5.58%
    Theoretical Best
    Office A
    $4.86M
    $4.25M – $5.67M (±1% cap)
    NOI $340,153 @ 7.0% cap · market cap 8.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Simply Pizza Truck — 15562 E Fremont Dr B104, Centennial, CO 80112
    • Event Bartenders of Denver — 7440 S Blackhawk St UNIT 8204, Centennial, CO 80112
    • Firehouse Subs Cornerstar — 15405 E Briarwood Cir Unit B, Aurora, CO 80016
    • Gracekitchen LLC — 7550 S Blackhawk St #108, Englewood, CO 80112

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Jefferson
    State
    Colorado
    Longitude
    -104.859
    Latitude
    39.5742

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    FAQs

    What type of property is this?
    Flex space - Fully leased flex building in Denver MSA with steady income.
    Where is this flex space located?
    The property is located at 14251 E Fremont Ave Centennial, CO.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Fully leased, three‑tenant NNN investment property providing passive income.; Located in the Denver MSA (Centennial, CO) near major business centers and amenities.; Steady income generation with a **6.70% cap rate** (potential to increase to 7.15% if self‑managed).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Morgan, CCIM
    Real Estate License ID: CO 40032085–ER
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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